Jaguar Land Rover is back on track
The Range Rover Evoque will probably become the biggest-selling Land Rover model, and has received a near-rapturous press and public reception. Jaguar has just launched its four-cylinder diesel version of the excellent XF saloon , which will go head-to-head with the bestselling versions of the BMW 5-series and Audi A6 across Europe.
Finally, in a display of confidence, Jaguar is taking orders for 250 examples of a supercar based on the styling of the C-X75 concept car that wowed the 2010 Paris motor show. Priced at a staggering £700,000, it’s going to be a highly fuel-efficient hybrid. The company is also committed to hybrid versions of its regular vehicles, starting with the all-new Range Rover, due in 2012.
Even without any of these new models, JLR’s annual report, issued this week, showed that in the year to March 31, revenues were up 51 per cent to £9.9billion, profit after tax up 24 per cent to just over £1billion, and vehicle sales up 26 per cent to 241,000. It employs 18,000, and is taking on 1,000 engineers this year.
Yet in mid-2008, when the company was taken over by its present owners Tata of India, commentators were largely pessimistic. People said boutique car companies needed the backing of huge conglomerates to get necessary purchasing economies and technological backing. JLR had been part of Ford, so could call on the parent’s environmental technology, or the safety research of fellow Ford subsidiary Volvo (now Volvo is Chinese-owned).
JLR’s main competitors, BMW and Mercedes, make more than a million cars a year each. Audi also makes a million, and it’s part of the VW Group, an order of magnitude larger again.
There seemed very little scope for synergy between Jaguar and Tata Motors. It’s one of the world’s largest truck and bus makers, and builds the Nano, the world’s cheapest car. But not much in between.
worlds cheapest car - News
When Tata, the Indian company known for the world's cheapest car, took over British luxury brand Jaguar Land Rover, concern spread. However, profit and sales are up by a quarter. By Paul Horrell British luxury car maker Jaguar Land Rover (JLR) is
Local passenger-vehicle sales fell 38 percent to 17192 units, while sales of the Nano, the world's cheapest car, dropped 64 percent. Maruti rose 2.9 percent to 1247 rupees as of 1:57 am in Mumbai trading. The stock has dropped 12 percent this year,
GM, which entered the South Asian nation in 1994, will challenge Tata Motors Ltd., maker of the world's cheapest car, and Mahindra & Mahindra Ltd., which together account for 90 per cent of light goods-carrying vehicle sales.
Makers of the world's cheapest car say they are thinking about setting up factories in other nations that can also produce it, the Wall Street Journal reports. We're talking about Tata Motors of India, producer of the $3187
Tata Group, the Indian conglomerate that unveiled the Nano, billed as the world's cheapest car, two years ago, has a new gift for India's masses -- the $700 home. Think of it as ready-to-assemble furniture. Only this is an entire house.
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