Tata plans to expand JLR in China
Tata Motors, which has recently announced more than 30 percent increase in its total revenue, is now eying to expend its operations in the Chinese market through increasing the presence of its British subsidiaries Jaguar and Land Rover, there. Company is planning to increase presence of its JLR in China as it is expecting a considerable volume growth will come from there in the coming years, said, Carl Peter Forster, Chief Executive Officer and Managing Director, Tata Motors.
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Tata Motors, which has recently announced more than 30 percent increase in its total revenue, is now eying to expend its operations in the Chinese market through increasing the presence of its British subsidiaries Jaguar and Land Rover, there. Company is planning to increase presence of its JLR in China as it is expecting a considerable volume growth will come from there in the coming years, said, Carl Peter Forster, Chief Executive Officer and Managing Director, Tata Motors.
Chinese automobile market is one of the largest auto market in the world and has a high growth potential in the passenger car segment. Both Jaguar and Land Rover have performed very well in the Chinese market which has encouraged the Tata Motors to expand operations of these two brands in that market.
Tata Motors has recently reported consolidated revenues (net of excise) at Rs. 92,519.25 crores posting a growth of 30.5% over Rs. 70,880.95 crores in the previous year. There has been strong volume growth both at Tata Motors and at Jaguar Land Rover.
The Consolidated Profit before Tax (PBT) for the year was Rs. 3,522.64 crores compared to a Loss before Tax of Rs. 2,129.25 crores. The Consolidated Profit after tax (PAT) for the year was Rs. 2,571.06 crores, a significant turnaround from a loss of Rs. 2,505.25 crores in the previous year. The consolidated financial performance is not comparable to the previous year 2008-09 on account of the acquisition of Jaguar Land Rover in June 2008.
