TATA Motors identifies JLR component sources in India
BL reported that TATA Motors has made considerable progress in identifying sources of components from India for Jaguar and Land Rover, the 2 premium British models that it bought in June 2008.
Mr Ratan Tata chairman of TATA Motors said "TATA Motors on the other hand has recognized the high level of technology and skills embedded in JLR which could be of great value to both companies."
Mr Tata said that "Important new technology development program at JLR include the development of a hybrid powertrain, which will be introduced in future models of Jaguar and Land Rover. JLR plans to have all its future cars constructed with lightweight aluminium bodies, resulting in considerable savings in weight, and reduction in CO2 emissions."
He said that "Sales of the Jaguar and Land Rover brands fell by 20% and 51% respectively, from October 2008 to March 2009 as compared to the corresponding period in the previous year. The main challenge in JLR will be to sustain operations through this difficult period."
He added that "There is good reason to believe that the company's new products and more aggressive marketing will see the company through this period. It will, however, call for a change from some of the traditional practices and a commitment to encourage change and to major cost reduction and reduction of development and production time."
Mr Ravi Kant vice chairman of TATA Motors said "It had roped in consultants KPMG and Rolland Berger to improve the operations of JLR."
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