Zee Media Bureau
Rio de Janeiro: Jaguar Land Rover is to become the first British carmaker to open a manufacturing facility in Brazil following a landmark agreement between the company and state authorities to build a plant in the State of Rio de Janeiro.
Based in the City of Itatiaia, the new programme represents a total investment of R$750m (£240m) by 2020.
Construction of the premium manufacturing facility will commence in mid-2014. It is anticipated that the first vehicles will come off the assembly line in 2016, subject to the final approval of the plans from the Brazilian Federal Government under its Inovar-auto Programme. The new plant will have a capacity to build 24,000 vehicles annually for the Brazilian market.
Initially, the plant will employ almost 400 people. This number is expected to almost double by the end of the decade. This new manufacturing facility will also create additional jobs across the local supply chain network.
First Published: Friday, December 06, 2013, 09:21