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Jaguar, Land Rover start rolling in India, courtesy Tata Motors |
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Mumbai: Tata Motors has introduced Land Rover, Jaguar in the Indian market. The entry level cost for the Range Rover and Jaguar is Rs 63 lakh.
The top end model of Range Rover will be priced at Rs 89 lakh. Both Jaguar and Range Rover will have one co-owned showroom each in Mumbai. Tata Motors is planning to expand to other cities based on response in Mumbai.
Jaguar-Land Rover may be open to giving a board seat or perhaps even an equity stake to the UK Government, in return to the financial package which is required urgently. It is negotiating with the government to assure a £340 million loan from the European Investment Bank.
Informing about the financial package that JLR needs, Ratan Tata, Chairman, Tata Motors, said that it all depends how the ongoing negotiations go ahead.
He stated, "If there is a large financial package that the British Government will in fact give to the company, there should be a commensurate level of representation or answerability to them. It`s a question of negotiating what would be fair and just, which we are in the process of doing."
(Posted on : 01/07/2009)
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| Jaguar, Land Rover start rolling in India, courtesy Tata Motors |
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