Tatas hopeful of Jaguar Land Rover surviving downturn

Friday, 31 October 2008, 07:00 Hrs
Printer Print Email Email
London:Tata Motors managing director Ravi Kant has said Jaguar Land Rover in the UK, which the Indian auto major owns, will survive the credit crunch but did not rule out more redundancies in the company in the near future.

Kant, also on the Jaguar Land Rover board, was quoted by The Sun newspaper as saying: "Jaguar and Land Rover are going through fire. Unfortunately, they are caught in this difficult situation but we are positive they will come out of this. They have an outstanding group of managers."

He said any decisions on further redundancies would be taken by the British management, depending on the economic conditions, "but I expect more redundancies will be called for in November".

According to Kant, the Tata Group had no regrets about the joint purchase of Jaguar and Land Rover and that company chairman Ratan Tata was "hugely impressed" with the British workforce.

He said a high-level team from Jaguar Land Rover was in India holding extensive discussions to set up a strategy to sell vehicles there.
Source: IANS
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..