It is business as usual: JLR on Brexit

London, June 24

As Britain voted to exit the EU, Tata Motors-owned Jaguar Land Rover on Friday said it is “business as usual” and will manage the long-term impact and implications of the decision, insisting “nothing will change” overnight for it and the automotive industry.

“For Jaguar Land Rover, today is just business as usual.

“We are a British business with a strong manufacturing base in this country, we call Britain home and we remain committed to all our manufacturing sites and investment decisions,” a JLR spokesperson said in a statement.

On outcome of the referendum, the spokesperson said: “We respect the views of the British people and in line with all other businesses, Jaguar Land Rover will manage the long-term impact and implications of this decision: nothing will change for us, or the automotive industry, overnight.” The company said Europe is a key strategic market for its business, comprising 20 per cent of global sales.

“We remain absolutely committed to our customers in the EU. There will be a significant negotiating period and we look forward to understanding more about that as details emerge,” the spokesperson added.

The company said it was looking forward to work with the British government and automotive sector to ensure that the UK’s automotive industry remains as competitive as ever, and that negotiations between the UK government and the EU will continue to recognise the importance of car manufacturing.

In a historic development, the UK today voted to leave the European Union after 43 years as the ‘Brexit’ camp took an unassailable lead over ‘Remain’ in a down-to-wire referendum with far reaching implications for the world. — PTI