Tata Motors Ltd launched its prized possessions, the Jaguar and Land Rover, in
India with a price tag of Rs6.3 million onwards. Tata will sell the Jaguar,
which had its origins in a motorcycle sidecar company, XF and XKR series for
between Rs6.3 million and Rs9.2 million, while Land Rover's Discovery and Range
Rover would be priced between Rs6.3 million and Rs8.9 million.
"We are planning to come up with seven franchises in different metros in India.
By mid-July, we will receive proposals and, in the next 3-4 months, negotiate
with those individuals and select our franchisees. Our tradition is to work
with independent dealers globally," said Bob Grace, director-overseas
operations, Land Rover.
According to media reports, Land Rover was in discussion with the Indian
government for supply of sophisticated and modern military vehicles to the
"We have already started the discussions with the Indian government for sale of
Land Rovers, but we cannot comment on the status of the talks as it is
confidential," Grace said.
However, he said the company is developing a new model in its research and
development centre in the UK, which will primarily address the defence needs of
most countries around the globe, including India.
Asked about the current status of JLR asking for financial assistance from the
UK government, Ratan Tata, chairman, Tata Sons Ltd said: "We are in discussion
with the UK government on loan guarantee. We are hopeful that we will find a
solution to it. Our funding plans for JLR will progress further...”
"Sustaining downturn is extremely important... I would like to see these two
brands to come out of the downturn and the companies will have new vehicles and
new models....the loan that we are talking to, would be allotted to the company
by European Banks," he added.
The company would also decide about assembling the premium cars in India
depending upon the business scales by the two iconic brands, Tata said.
Last year, Tata Motors, the country's largest vehicles maker, bought Jaguar and
Land Rover for $2.3 billion from Ford Motor Co and to fund this, had taken a $3
billion bridge loan. -Yogesh Sapkale with Pallabika Ganguly [email protected]