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Tata Motors Passenger Vehicles Ltd.
BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
353.60
3.80 (1.09%) Tata Motors strike deal with unions, not to shut JLR plant in UK
Date: 18-10-2010With the global economy coming back on its feet and car sales moving up swiftly, the Tata-owned Jaguar Land Rover has decided to shelve plans to shut one of its UK plants, while also announcing fresh investment plans worth billions of pounds.
Subject to employees endorsing this deal over the next few weeks, Jaguar Land Rover will now retain three plants in the UK at Castle Bromwich, Solihull and Halewood. This will lead to the creation of thousands of new jobs in Britain over the next decade as Jaguar Land Rover invests billions of pounds in the UK and significantly increases both the number of models in its range as well as overall global volumes.crackcrack