Click it and Unblock the Notifications
Tata Motors Contemplates Jaguar & Land Rover
Ratan Tata, Chairman of Tata Motors has said that the company's 65th annual general meeting, that JLR's performance has exculpated his confidence and that the company is looking at integrating platforms with JLR to bring in the economies of scale.
Tata Motors is increasing the capacity for its commercial vehicle production at the Dharwad plant. Tata's mini-truck, Ace, has been witnessing a huge demand in the recent months. Tata Motors is also planning to invest roughly around Rs. 2880 crore for making new products in the next 3 years.
Tata Nano, the world's cheapest car, is Tata Motors mass volume car, selling more than 9000 units per month. Tata Motors has huge plans in providing this car with alternate fuels such as electric motor. Tata Motors is mulling over a diesel engine for the Nano by 2012. Tata Motors is also planning to launch a larger engined model in UK and US markets.
Tata Motors big plans must be executed via a good management team. Hence, the company is intending to rise the number of thinking heads on its board. Currently, Tata Motors board consists of four non-executive directors, seven independent directors and two executive directors. Tata Motors has appointed Car-Perter Forster, who previously held the top position in General Motors, as its CEO. Mr. R. Gopalakrishnan, a director of Tata's holding company, Tata Sons, has stepped down as Tata Motor Directror.
Tata Motors is the 19th largest auto-maker by sales and 15th largest commercial vehicle maker, said Mr. Ratan Tata. He added that, the company hopes to increase the market share in the economies of markets such as Africa, Russia, China and Middle east and widen the passenger car and the commercial vehicle range.
Continue with Google