Tuesday, 18 October 2011

JLR to assemble Jaguar XF and Range Rover Evoque in India



Tata Motors-owned British marquee Jaguar Land Rover is revving up to assemble two more models in India, which will increase its competitiveness in the fast-growing domestic luxury automotive market.

JLR is looking to roll out locally-assembled Jaguar XF sedan and Range Rover Evoque SUV within 12-18 months, a vendor familiar with the matter told ET. The company's India spokesperson declined to comment.

The new offerings will beef up JLR's presence in the segment where German rivals BMW, Mercedes and Audi hold sway. The company currently sells the SUV Freelander 2 assembled at its factory in Chikhale, Maharasthra while the rest of its portfolio comprises completely-built units or fully-imported vehicles.

The cars which are assembled in India attract a lower duty of 10-30% in India as compared to fully imported vehicles which are mnaufactured outside India but are sold in India for which the duty is as high as 100%.

The move is to make the cars more cost competitive for the Indian markets which is all set to cross 5 million target by 2015 and all set to become third largest passenger car market by 2020.

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