Jaguar looking for manufacturing site in Eastern Europe, Hungary on the list

London, May 23 (MTI) – The British Jaguar Land Rover group will decide on building a manufacturing site in Eastern Europe soon, Hungary is on the list too, Financial Times said.

According to the London-based financial newspaper, the company owned by India’s Tata industrial group is studying Poland, the Czech Republic and Slovakia, in addition to Hungary, as possible locations.

An anonymous source said the British company looks at which of the four countries makes the best offer.

According to Financial Times, the production rate of Jaguar Land Rover has been expanding rapidly in recent years, in particular because of the demand of the popular Range Rover model. The company produced 460 thousand cars last year, and this year’s goal is to reach 500 thousand. However, Jaguar Land Rover wants to compete above all with the three big German luxury brands, Audi, BMW and Mercedes, but these German companies sell almost 2 million vehicles a year.