Jaguar Land Rover has officially announced that it will open a manufacturing facility in Brazil following an agreement between the company and the state authorities of Rio de Janeiro where the plant will be set up.
As a part of Jaguar Land Rover’s strategy to increase its global manufacturing footprint and create additional capacity, the upcoming facility in Brazil will play an important role in growth opportunities in South America.
The whole expansion process will demand a total investment of 750m by 2020. Construction of the manufacturing facility will commence in mid-2014, with first lot of vehicles expected to roll off the assembly line in 2016.
The British carmaker has revealed that the new plant will have an annual capacity of 24,000 units for the Brazilian market. Initially, the plant will employ almost 400 people, with the figure expected to almost double by the end of the decade.