It was a proud moment for Indian auto industry when Jaguar Land Rover PLC, a British premium automaker, was acquired by Tata Motors from Ford Motor Company in June 2008. Since then it has been a wholly owned subsidiary of Tata Motors.
JLR has three assembly plants in UK and India has to wait for some more time. The hope for any manufacturing plant in the near future was ruled out by present Chairman of Tata Group, Ratan Tata. The plant will not be profitable in any terms said Mr Tata and added that some “impractical takes” make the production of luxurious marque more expensive than the imports. Tatas are the fourth-largest truck manufacturers in the world and second-largest bus manufacturers in terms of volume.
Meanwhile for the exports of premium Jaguar Land Rover to the various countries of the world, Tata Group has announced a plant in China, construction of which has already started. Arab country, Saudi Arabia has also shown interest in Tata’s venture and invited the company to its land. Tata, criticising government for ridiculous taxes, stated that government must encourage companies and entrepreneurs to bring more investment to India so that India could become an export hub. He said that Chinese government is more serious in this matter and is taking steps to bring major players into the country.
Tata Motors Limited is an Indian multinational automotive manufacturing company and a subsidiary of the Tata Group. Its headquarters are in Industrial capital of India, Mumbai. The company has nearly every type of vehicle in its arsenal passenger cars, trucks, vans, coaches, buses and military vehicles. Ratan Tata is the present chairman of the Tata group and will step down on December 28. Cyrus Pallonji Mistry will take charge of the group after Ratan Tata.