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Tata's thumping show in 2009
The company"s MD and Group executive revealed that JLR has been the limelight to initiate the first step. He asserted that Jaguar XI is crucial step and at the same time other brands too have equal operations. The net sale volume of JLR has been 193982 units in 2009 which was 167348 units in 2008. The growth of the sale saw 667971 units against 506421 units. JLR range has been facing a crisis in Europe by way of sovereign debt and there is a hope of revival in the next few weeks.
He boasted the exclusive product portfolio. Tata"s net profit show has the major contribution of Rs1751.54 crore as the single gain, resulted out of 20% stake in Telcon known for its construction equipments(a JV with Hitachi). The salient feature of this net profit has been the conversion of the earlier year"s loss of Rs339 crore into a gain of almost Rs85 crores due to the revaluation of currency value. The comparative net sale for the years 2009 and 2008 were - Rs91893 crore and Rs70880 crore respectively 0 making a rise of 29.6%. during 2010-11 Tata Motors is to invest Rs4100-4700 crore for developing new products under the JRL brand. Moreover, there will be an investment of Rs2500 -3000 crore for the capital expenditure allocated for the own products. Tata"s standalone net profit increased to two fold - Rs2240 crore which was Rs1001 crore in 2008-09, and the net sale increased by 39.6% (Rs35373crore) against Rs25323 crore in the previous year.
Rs 1 Lakh car may be available off the shelf by Dec.
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