Infact, in 2009, Tata Motors suffered an annual loss of over half a Billion dollars due to slump in Land Rover & Jaguar sales – It really looked like Tata Motors had put a foot wrong with JLR deal.
Last week Tata Motors announced its annual numbers and it revealed that more than 80 percent or $1.7 billion of its bumper $2.04 billion annual profits came from the JLR unit alone. This is what is called as a turnaround in a sick unit. It is also worth mentioning that when Tata Motors took over in 2007, Jaguar had annual sales figures of 15,700 cars and Land Rover had sold just under 50,000 cars. In just 3 short years, Tata Motors has managed to sell a whooping 244,000 Jaguar & Land Rover cars globaly! This all has happened despite a recession in most of the European countries
Mr Tata We are proud of your achievement, however at home we fail to understand that the promise of 1 Lakh Nano car is long forgotten as price is almost equal to 2 Lakh. Why in such a price one should not go for Maruti or a better second hand car.
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