Jaguar Land Rover plans to hire over 500 people for R&D by March 2013

Discussion in 'Indian Automotive Scene' started by Car Lover, Jan 29, 2013.

  1. Car Lover

    Car Lover New Member

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    [​IMG]Tata Motors-owned Jaguar Land Rover (JLR) is planning to increase headcount by 500 in March 2013. The company has also raised $500 million (over Rs 2,600 crore) through issue of bonds to support its operational costs and future growth plans.
    Currently, the total strength of JLR R&D centre is 5,000 which will reach to 5,500 after the hiring activity which will support its new product development programme.

    In a filing to the US-based Securities and Exchange Commission (SEC), Mumbai-based Tata Motors said its British subsidiary may look for possibility of assembling of more models in India in addition to the existing sports utility vehicle Freelander and luxury sedan XF.

    JLR’s total employee headcount across the world has gone up by 21.24 per cent to 25,368 people as on September 30, 2012, from 20,923 people as on September 30, 2011, it added.

    Earlier, JLR has announced to hire 800 people at Solihull plant to support the introduction of new model programmes.

    Last week, JLR had said it is expecting to invest over Rs 23,300 crore in 2013-14 fiscal on development of new products, expand Chinese business and explore production bases in new markets, among others.

    Talking about its assembly operations at Pune, the firm said: “Freelander and XF vehicles have been assembled in a facility in India, operated by Tata Motors, since April 2011 and January 2013, respectively, with the possibility of expanding production to other models in the future.”
     

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