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
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)