Mexico is being favored by many auto companies because of its cheap labor, free-trade agreements and proximity to the US market.
This adds Jaguar to a list that includes Ford, Hyundai, Kia, Toyota and Volkswagen -- all auto makers that have announced new or expanded Mexican factories.
Tata Motors is reportedly considering investing more than $500 million to build a new factory in North America. The factory would focus on the Range Rover Evoque and Range Rover Sport, but Jaguar models could also be built at the factory."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," Jaguar Land Rover Mexico managing director Joseph ChamaSrour told Bloomberg in a recent interview.
This adds Jaguar to a list that includes Ford, Hyundai, Kia, Toyota and Volkswagen -- all auto makers that have announced new or expanded Mexican factories.