- Apr 3, 2006
- Camberley, England
- Ford Fiesta ST & Triumph TR7
Source: CLICK ME
B]Land Rover assembly set for India[/B]
Land Rover assembly in India will commence next year, according to Tata Motors' CEO Carl-Peter Forster.
Forster told Reuters that the firm was also in talks with a joint-venture partner in China over assembling certain Jaguar and Land Rover models there.
The Land Rover models will be assembled in Pune; knockdown kits will be exported from the UK to India for assembly. No details on what Land Rovers will be assembled in India have been revealed at this stage.
Elsewhere, Tata Motors' share price rose earlier to its highest level in 19 years after it posted a profit for the first fiscal year quarter to the end of June. The profit was 5.9 per cent up year-on-year, causing an increase in Tata?s share price to a high last seen in January 1991.
Profits were boosted by strong demand for Jaguar and Land Rover products. JLR sales were up in the quarter to 57,153 units compared with 35,947 a year earlier. New car sales in India reached a record high last month.