Mike Steventon, KPMG’s Birmingham office senior partner commented: “The announcement of a £400m investment in an engine plant near Wolverhampton, which is projected to create over 750 new jobs, is a huge vote of confidence by Tata in the Jaguar and Land Rover brands. JLR has been highly successful in developing both brands both here in the UK and, as importantly, in growing overseas markets, as the majority of Jaguars and Land Rovers are now exported.
“These are highly desirable brands in developing economies such as China and Russia as well as the more established market places like the United States. They have got their product offering spot on and are now one of the UK’s most substantial investors in engineering led R&D and a substantial contributor to UK exports.
“The investment in the new engine plants sits alongside approximately £1.5billion per year to be invested in new vehicles and technologies to keep the brand at the forefront of cutting edge technologies and design.”
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