Tata Motors’ British-based arm Jaguar and Land Rover (JLR) has started construction on its third overseas plant in the Brazilian state of Rio De Janeiro on December 02, 2014, as part of the company’s plans to continue growing its global sales, and tap into one of the world’s fastest. The GBP186 million plant is set to produce 24,000 vehicles a year once it ramps up to full production in 2016, employing around 400 people at the start, and around 1,000 in the supply chain.
As part of its on-going commitment to the Brazilian automotive industry, the company will be sourcing a range of components from local suppliers as well as importing some parts from its global supply chain. In addition, the company is investing in its technical assistance services to help suppliers support increased levels of localisation in the future.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 355.35 |
| Maruti Suzuki | 13725.40 |
| Mahindra & Mahindra | 3329.50 |
| Hyundai Motor India | 1852.45 |
| Mercury Metals | 30.94 |
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