JLR plans to set up £240 mn manufacturing unit in Brazil.

British luxury car manufacturer Jaguar Land Rover (JLR) is planning to invest £240 million to open a manufacturing facility in Brazil.

The company, owned by India's Tata Motors, is planning to set up a plant in Rio de Janeiro with an annual production capacity of 24,000 vehicles. The first of the vehicles would come off the assembly line in 2016, it said in a statement.


HBL