MercoPress. South Atlantic News Agency
Jaguar-Land Rover to build manufacturing plant in Brazil
The 500 million dollars plant is to be located in Rio do Janeiro Jaguar Land Rover plans to build a 500 million dollars manufacturing plant in Brazil, the O Globo newspaper reported on Sunday. The daily wrote that the Rio de Janeiro factory will be the company's second production facility outside Britain, in addition to one China. It also has an assembly plant in India.
The new plant will have the capacity to build some 50,000 vehicles per year, and is expected to generate around 1,000 jobs.
O Globo reported that Jaguar Land Rover hopes to take advantage of rising consumer demand in Brazil, where the middle class in growing and where incomes have been on the rise.
So far this year, the company has sold 9,000 cars in Brazil, an increase of 30% over the same period last year
Categories:
Economy, Investments, Brazil.
Top Comments
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Read all commentsVery good news.
Nov 25th, 2013 - 08:07 am 0The Land Rover is very popular vehicle in Brasil for a decade, at least for those that can afford one such as the 110 Defender 4WD.
The problem up to recently has been getting one through Customs, obtaining parts, and the excess Customs taxes ( up to 250 % ). This will change all of that.
LONG OVERDUE.
Nov 25th, 2013 - 02:09 pm 0Playing catch-up with the other world manufacturers.
So presumably Brazilian built Range Rovers will not be taxed at 300% ?
Nov 25th, 2013 - 02:17 pm 0Assuming TMBOA is still in power , that is .
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