The company said over 80 per cent Range Rover Evoque production was exported to 170 countries across the globe.
Jaguar Land Rover (JLR) -- the two premium brands owned by Tata Motors, India's largest automotive company -- will tighten up frivolous expenditure to contain cash in a slowing automotive market.
The question is: Will the company have a strong balance sheet to support this massive investment plan?
Tata Motors-owned Land Rover on Wednesday said its new sports utility vehicle -- Range Rover Evoque, which will hit the market in 2011, will carry a starting price tag of 30,000 pounds (about Rs 21 lakh).
Jaguar X-TYPE, an 8-yr-old range, constituted nearly a fourth of annual production till now.
Jaguar's plan to cut 300 more jobs at its Halewood plant comes at a time when unemployment numbers in the UK have risen to record levels, at 2.38 million.
The report says Tata Motors, JLR's new owners, will produce 200-300 less cars by the end of the year. That would be equal to about a week's worth of production for the Jaguar models of XJ and XK.
The growth rate could continue for another seven years.
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