Ratan Tata: Buying Jaguar Land Rover was a terrific business decision
June 28th, 2009 Leave a comment Visited 43 times, 4 so far today
Ratan Tata: Buying Jaguar Land Rover was a terrific business decision
Tata Motors has just posted a massive loss mostly because of their Jaguar Land Rover subsidiaries.
However, Ratan Tata is not bothered by these small disappointments.
He still says that acquiring the legendary brands was a terrific decision and they are aiming to bring back glory to these brands.
Tata said in a statement: “We at Tata Motors are proud to have these brands…it was a terrific decision that we took to bid for these two brands and own them.”
He added: “We are going through a downturn today that has an unfortunately somewhat condemned Jaguar and Land Rover in perception, that perception is very wrong. The two brands are terrific brands. There is a terrific R&D behind them. It is for us to manage to put them into products and bring the products into production.”
Tata Motors has just launched both of these brands in the Indian market.
Automobiles, Britain, Cars, India, Jaguar, Jaguar Land Rover, Land Rover, Ratan Tata, Tata, Tata Motors
Manuj Kumar
Category: Automobiles
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