Jaguar-Land Rover's new factory in Slovakia is up & running JLR has been planning to set up a new manufacturing plant in Slovakia and had started construction since Sept 2016. The budgeted amount for the plant was UK £ 1 billion, with a capacity to manufacture 150,000 cars with the maximum use of aluminium for the all-new Jaguar Land Rover range of vehicles. This budgeted amount of UK £ 1 billion as in 2016 has remained the same, unlike many projects where there are cost overruns, very commonly.
More details on this link: https://www.tatamotors.com/jlr-press...ovakian-plant/
The plant located in Nitra, Slovakia is the first ever by a British car maker in this country. Having a presence with its plants in the U.K., China, India, Brazil and Austria , JLR had planned this new plant to increase its global footprints.
Brexit is a matter of great concern for JLR, as it is worried about its exports from the U.K. getting affected, due to now unknown duties to be levied by the EU countries on British goods' imports. Its is hoped that the Slovekian plant will assuage JLR's apprehensions to fill the gap in demand in the EU countries. In fact, when Tata Motors Indian operation's stars are on the rise, JLR has now reported losses. Till now, it was the other way around. Tata Motors' Indian operations were making losses and JLR profits were healing these wounds.
The plant becoming operational w.e.f. 25/10/2018 on this link: https://media.jaguarlandrover.com/ne...plant-slovakia |