|Day's Range||35.38 - 35.76|
|52 Week Range||31.71 - 44.79|
|PE Ratio (TTM)||13.93|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Jaguar Land Rover (TAMO.NS) opened its first overseas engine plant on Friday, picking China for the investment a week after saying it would build a global model entirely outside Britain for the first time. Britain's biggest carmaker, which already operates a plant in China as part of a partnership with Chery, said the new facility was part of a 10.9 billion yuan ($1.6 billion) investment with the Chinese automaker. "The new engine plant demonstrates Jaguar Land Rover’s long-term commitment to the Chinese market, providing customers with an exciting range of vehicles and powertrain options, as well as to its joint venture," JLR said in a statement.
Tata Motors’ seeming success outside India with Jaguar Land Rover masks the pain at home.
Britain's biggest carmaker Jaguar Land Rover (JLR) (TAMO.NS) said on Thursday it is to build its new E-PACE compact sport utility vehicle in Austria and China, the first of its cars only to be manufactured outside of its home market. JLR said its three British plants were either full or at near capacity but the decision will spark fears the firm is looking to boost its output by using overseas operations, rather than invest in greater capacity at home. The British company, owned by India's Tata Motors (TAMO.NS), is rapidly expanding its production levels and model line-up and decided in 2015 to build a major new plant in Slovakia, rather than expand its operations in Britain.