Tata Motors JLR assembly unit in India by next year

The company also hopes to add Jaguar cars in assembly plant at a later date,Speth said.

The company is also plans to assemble Land Rover SUV in China.

“We are setting up an assembly unit in China and we are in discussion with the JV partners,” Speth said,without elaborating further details.

Meanwhile,JLR will spend 800 million to 1 billion pounds annually for product development,Tata Motors Chief Financial Officer,C Ramakrishnan said.

The Jaguar Land Rover business continued to show strong profitability,with healthy volumes in Q2 FY2010-11,reporting a profit after tax of GBP 238 million (Rs 1,715 crore). Both wholesale and retail volumes,improved favorably as compared to the corresponding quarter in the prior year,on the back of improved market conditions and continued overwhelming response.