Rata Tata, chairman of the Indian conglomerate that bears his name and owns Jaguar and Land Rover, is upbeat about the marques bought from Ford 12 months ago.
Speaking at the launch of the UK brands in India, the Tata boss said: “It was a terrific decision that we took to bid for these two brands and own them.
“We are going through a downturn today that has unfortunately somewhat condemned Jaguar and Land Rover in perception, [but] that perception is very wrong.”
His comments came just days after results from Tata Motors, which included Jaguar and Land Rover for the first time, showed that India’s largest automotive maker had suffered its first loss in at least seven years.
Analysts believe that, at least in the short-term, Jaguar and Land Rover will be a millstone around the neck of Tata Motors.
Source: Financial Times