Jaguar Land Rover signs JV with China's Chery Automobile

Mumbai: Jaguar Land Rover (JLR) has finalised a joint venture agreement with Chery Automobile Co to manufacture and sell vehicles in China, the two companies said.

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The joint venture will manufacture JLR- and JV-branded vehicles and engines, set up a research and development facility, and sell vehicles produced by the JV, they said in a joint statement.

The deal marks efforts by JLR, controlled by Tata Motors , to expand its appeal in the world’s largest auto market where luxury sedans and SUVs remain in hot demand.

Reuters