Tata might be most famous for building the world’s least-expensive car, the $2500 Nano, but the Indian company bought Jaguar Land Rover from Ford in 2008 and has been running the two brands since. Tata already sells Land Rovers in India, and according to Tata CEO Carl-Peter Forster, Tata CEO, the company will put an unspecified number of Land Rovers into production in India as early as next year. Forster didn’t reveal which models would be produced there.
In addition to beginning production in India, Forster hinted that production of Jaguar and Land Rover models could begin in China. He said that JLR is currently in talks with a Chinese company about a joint venture. This marks the second former Premier Automotive Group (Jaguar, Land Rover, Volvo, and Aston Martin) brand to put vehicles into production in the Far East.
Buying JLR has proven to be a great success for Tata, as its shares have risen to the highest level in 20 years, thanks to demand for the British marques. Tata posted its fourth straight quarterly profit in the second quarter this year, also beating forecasts for the second quarter with a $429 million net profit.