Tata Motors’ Jaguar Land Rover and the Chery Automobile Co. are investing $1.75 billion to create a new plan for the nation’s burgeoning luxury automotive market, according to a report by Bloomberg posted by Autonews.com. 

Jaguar Land Rover, which counts China as its fastest-growing market, joins Volkswagen Group's Audi, Daimler's Mercedes-Benz and BMW in locating production in the world's biggest vehicle market.