Tata-owned Jaguar to invest £150m extra in UK plant
London: Tata-owned Jaguar Land Rover has said it will invest over 150 million pounds more in its new engine plant in the West Midlands, UK, taking the total to more than 500 million pounds.
The company hopes to raise the overall number of jobs at the facility at the business park on the Staffordshire-Wolverhampton border to about 1,400.
According to the BBC, the manufacturing plant is scheduled to open later this year.
JLR is also spending 2.75 billion pounds to help support products like the Jaguar F-Type and a nine-speed gearbox Land Rover, the report said.
The firm said the investment n in product development would ‘support the launch of eight new or refreshed models during 2013’.