JLR to ramp up capacity in Chinese JV in FY16

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Chennai | Published: August 1, 2015 12:29:23 AM

Retail volumes in FY15 increased in the UK (13.1%), North America (3.6%), Europe (6%) and Asia Pacific (16.8%)

Jaguar Land Rover (JLR) will ramp up production capacity in Chinese joint venture in the current fiscal, Tata Motors chairman Cyrus P Mistry said in the company’s annual report released on its website on Friday. Sales in China reached 1,15,969 units, up 12.5% compared with the last fiscal. The Chinese operations were set up in October 2014 in joint venture with Chery Automobile Company with an initial capacity of 1,30,000 cars per annum.

Retail volumes in FY15 increased in the UK (13.1%), North America (3.6%), Europe (6.0%) and Asia Pacific (16.8%).

Wholesale volumes for FY15 stood at 4,70,523 units (including the volume of the Chery JLR joint venture in China), showing an increase of 9.5% compared with 2014. Jaguar’s wholesale volumes were at 76,496 units (down 3.5%) and Land Rover wholesale volumes were at 3,94,027 (up 12.4%).

With continued investments in new products, the pipeline for the business remains strong for a sustained growth in the future, Mistry said in the annual report.

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