Monday, November 20, 2017

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN

About discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.

Tata’s Luxury Jaguar and Land Rover Marques to be Built in China

Latest in slew of Sino-Indian joint ventures

Nov. 19 – Both Jaguar and Land Rover vehicles are to be built in China under specially-developed new brands for the domestic market in a US$1.5 billion JV deal announced between JLR, owned by India’s Tata Motors, and China’s Chery Auto. Tata who purchased the British vehicle brands and assembly plants from Ford four years ago, have been highly successful in targeting their upmarket marques at Asian consumers. Previously, the vehicles had largely been the preserve of the American and European markets. The first models to shift production are likely to be the Land Rover Freelander and Defender 4x4s, with luxury Jaguar limousines set to follow.

A newly-built factory in Changshu, Jiangsu Province (near Shanghai) will start production in 2014. This venture will mark the first time JLR cars have been manufactured from scratch abroad – rather than assembled in kit form from parts made in Britain and shipped out. Today, China is the world’s largest car market with sales last year totaling 18.5 million vehicles.

The deal represents something of a coup for Tata, who have been visible in being able to do something Chery have not – acquire distressed European auto manufacturers and successfully convert them into Asian and international brands. Chery previously purchased Volvo, whose own development has proved patchy under Chinese ownership.

Related Reading

Report: India to Overtake Japan in Car Sales by 2016

Indian Autos in Demand and China Snaps Up Luxury Marques

Auto Sales Slow Down in China and India

China’s Foreign Car Imports Nearly Double in 2010

SOE Alliance in China to Invest Billions in Electric and Hybrid Cars

India’s Maruti Suzuki Sets Monthly Domestic Sales Record

Tata Increases Price of Nano, World’s Cheapest Car

Indian Auto Sales Growth Edges past China

GM Sales in India Up 61%

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