Tata motors-owned Jaguar Land Rover and Chery Automobile are setting up a new manufacturing facility in China in a joint venture as part of 10.9 billion renminbi investment plans.
The manufacturing plant will come up in Changshu, near Shanghai, and also include a new research and development centre and engine production facility. The project includes creation of a new partnership brand to assemble models tailored specifically for the Chinese market, including marketing and distribution. The JV will be called Chery Jaguar Land Rover Automotive Company.
(Published 18 November 2012, 15:58 IST)
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