Jaguar and Land Rover are both enjoying strong growth under their new owner, Tata Motors. The Indian company is now working with FoMoCo to increase the supply of engines after a larger-than-expected jump in sales left it facing an inventory shortage, reports Bloomberg.
According to Ralf Speth, chief executive officer of Jaguar Land Rover, FoMoCo is doing everything it can to help deliver on Tata’s request for more engines.
Sales of Jaguar and Land Rover vehicles were up 59 percent in the last quarter. The two brands sold 57,153 vehicles in the last quarter compared with 35,947 a year ago. Tata CEO Carl-Peter Forster now intends on opening factories in China and India to cater to an increasing number of wealthy people in Asia’s two fastest growing markets.
– By: Omar Rana