The Indian auto major Tata Motors owned British premium marquee Jaguar Land Rover (JLR) reportedly plans to partner with Chery Automobile to manufacture vehicles in China and has applied to regulators for clearance of the joint venture, according to media reports.
It was reported that JLR had earlier stated that it had shortlisted potential Chinese partners without providing details, as it looks to tap soaring luxury car demand in the world's second-largest economy. It was also reported that the deal is yet to be finalised and could be announced at the Beijing Auto Show in April, the report said, citing two unnamed people with knowledge of the matter.
Meanwhile the reports quoted that Tata Motors spokesperson said "There is nothing new to say on this matter. Jaguar Land Rover is looking at a manufacturing partnership in China, and have been for two years. Beyond that, there is nothing to say." The reports mentioned that JLR has previously explored co-operations with other Chinese automakers such as Great Wall Motor Co. JLR agreed to develop a luxury car based on its Jaguar models for Chery that may carry the Chinese company's badge, a Chinese newspaper said in December, in a move to win the Chinese government's approval for a manufacturing venture. China's National Development and Reform Commission has the power to approve or block major foreign joint venture projects.
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