Tata Motors And JLR To Offer Products Through Synergism

By By: Vicky.in

Published: Monday, July 12, 2010, 18:11 [IST]

Tata Motors has commenced to join hands with JLR(Jaguar Land Rover) to build up engines and cars. Tata Motors has began the initiatives to take on joint development programmes for engines, vehicles and platforms, that will result in synergizing in operations of the two companies.

Tata Motors selected Mr. Ravi Kant to bring about the synergies of JLR and Tata Motors. In recognition of his achievements, the company's board has approved a remuneration of Rs. 53 lakh per annum for Kant. Also, Tata Motors will invest Rs. 10000 crore for various product developments and plant facility upgradation and also for long term projects.

JLR on the other hand, is expanding its business as it focuses on increasing the component sources from China and India in the upcoming years. This will reduce the input costs. As a positive move, JLR had set up purchasing offices last year in both the countries. JLR eyes on the material costs and it will increase its purchases of components from lower-cost countries.

Article Published On: Monday, July 12, 2010, 17:45 [IST]

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