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Jaguar Land Rover mulling opening of Brazil car plant

A man walks past a billboard advertising Jaguar in New Delhi February 12, 2013. REUTERS/Mansi Thapliyal
A man walks past a billboard advertising Jaguar in New Delhi February 12, 2013. REUTERS/Mansi Thapliyal

LONDON (Reuters) - British luxury carmaker Jaguar Land Rover on Wednesday said it was studying the possibility of opening a manufacturing plant in Brazil.

"A detailed feasibility study is underway to consider Brazil as a possible future location for a Jaguar Land Rover automotive facility," the company said in a statement sent to Reuters on Wednesday, adding that "no final decisions have been made."

The company, owned by India's Tata Motors , added that it has ambitious plans to expand its manufacturing footprint and increase production in markets outside of Britain, particularly in China and Brazil.

Earlier on Wednesday Brazilian newspaper O Estado de S.Paulo reported that Land Rover was looking to invest around 270 million pounds ($431.72 million) in a facility to build SUVs in Rio de Janeiro state.

($1 = 0.6254 British pounds)

(Reporting by Rhys Jones and Aradhana Aravindan; editing by Kate Holton)

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