It said it remains "committed to the UK" and the Solihull plant will build a new Range Rover model.
The plant in Nitra is expected to launch production in late 2018.
In the United Kingdom, the company said it was "impacted by consumer uncertainty surrounding diesel models, Brexit and vehicle taxation". That could prove a shot in the arm for a country that, according to Bank of England governor Mark Carney, has seen business investment fall 4 percentage points below what it would've been had the country not voted to leave the European Union. The manufacturer said it would also be investing in its plant at Halewood, Merseyside, to build the next generation Range Rover Evoque.
The existing plant in Solihull, which now manufactures the Land Rover Discovery, is being retooled by Indian-owned Jaguar Land Rover to accommodate previous statements made by the company that all new models will be electrified by 2020.
Jaguar E-Pace compact and all-electric I-Pace models will be produced by a unit of Magna in Austria, as per an agreement made by the company.More news: Prince Harry and Meghan Markle 'rent converted cowshed' in Cotswolds
More news: Tyson Fury: Heavyweight to fight on Carl Frampton undercard in August
More news: Trump continues to praise himself for North Korea summit
There are 1,800 agency workers in the Solihull plant, out of a workforce of 10,000. The Indian-owned (Tata Group) company and maker of iconic British brands is estimated to produce one in three cars bought in the United Kingdom, which is Europe's second-biggest auto market.
In Britain, the firm built just over 530,000 vehicles past year at three production facilities and also has a separate engine site and headquarters, employing roughly 40,000 people in total. More recent versions have made the model more of a road vehicle than a traditional off-roader.
The company, owned by India's Tata Motors, builds almost one in three of Britain's 1.7 millions cars but is producing its first electric vehicle, the I-Pace, in Austria.
The cost-saving move is said to be a response to increased taxation and declining demand for Diesel and petrol technology cars.