-1.20 (-0.36%) Tata Motors' owned luxury brand -- Jaguar Land Rover (JLR) has entered the SUV market with the launch of F-Pace model in Frankfurt (Germany), which is likely to hit the Indian market in the second half of 2016. The F-Pace is the latest new model from the Jaguar stable following the critically acclaimed launches of the XE and XF. Designed, engineered and manufactured in Britain, these new models are the result of a £1.5billion investment that has accelerated Jaguar Land Rover’s world leadership in lightweight technology.
Built alongside the Jaguar XE at the company’s flagship Solihull manufacturing plant, Jaguar’s breakthrough model has resulted in an additional £120m of investment in the facility. This takes the total amount invested in Solihull’s ‘factory within a factory’ to £620mn - the largest investment in the 70 year history of the Midlands based plant. The UK supply chain has benefitted from Jaguar’s product expansion with a total of £13 billion worth of UK supplier contracts awarded, with £5 bn connected to the F-Pace alone.
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.