World Economy

Tata to Invest in Mexico

Tata to Invest in MexicoTata to Invest in Mexico

Jaguar Land Rover is considering building a plant in Mexico, following other luxury car makers lured by cheap labor and free trade agreements, Bloomberg reported. Mexico is a “very strong option” for Jaguar Land Rover to invest in, possibly more than $500 million, said Joseph ChamaSrour, Jaguar director general for the brand in Mexico. “Three years from now it could be interesting to have a plant in North America, and Mexico would definitely be a very strong candidate because of the cost of labor, the logistics and the expertise of the whole supply network,” he said in an interview in Mexico City. Jaguar is owned by India’s Tata Motors Ltd.