Tata Motors Passenger Vehicles Ltd.

Tata Motors-owned Jaguar Land Rover (JLR) is planning to invest around Rs 23,300 crore during 2013-14 financial year for developing new products, expanding Chinese business and exploring production bases in new markets among others. It has decided to continue increasing and accelerating capital spending to develop new products in new segments, invest in new power trains and technologies to meet customer and regulatory requirements.

Recently, British luxury car maker has offered $400 million Senior Notes due 2023. The notes will be guaranteed on a senior unsecured basis by Jaguar Land Rover, Land Rover, Jaguar Land Rover North America, LLC, Land Rover Exports and Jaguar Land Rover Exports.