China Watch : Jaguar in talks with possible Chinese partner

Automotive News Europe/Bloomberg, 25th October, 2010

Jaguar Land Rover and China

Jaguar Land Rover and China

SHANGHAI (Bloomberg) – Tata Motors Limited’s Jaguar Land Rover unit is in talks with a possible partner in China, CEO Carl-Peter Forster said yesterday.

“It’s in the negotiations,” said Forster on the sidelines of a forum in Shanghai on Sunday. No timetable has been set for reaching a deal, Forster said.

Automakers such as Tata Motors, Volkswagen AG and General Motors Co. are looking to increase capacity in China as rising incomes and a growing economy boost sales in the world’s largest auto market. Mumbai-based Tata Motors plans to expand in China as part of a push to grow Jaguar sales in emerging markets.

Jaguar Land Rover will introduce hybrid cars to the market “over the next couple of years,” said Forster, who is also Managing Director at the Indian automaker. Customers have been slow to buy such cars globally, he said.

Tata, which sells the world’s cheapest car, the Nano in India, has received a lot of overseas interest in the small car and hasn’t decided on its export markets, Forster said before adding: “We have a lot of interest, certainly more interest than we can satisfy.”

Separately, Forster told a forum audience that India’s auto market may grow to about 8 million units a year by 2020.

[Source: Automotive News Europe/Bloomberg]

Clive Goldthorp

About the Author:

Clive claims that his interest in the BMC>MG story dates back to his childhood in the 1960s when the family’s garage premises were leased to a tenant with an Austin agency. However, back in the 1920s and 1930s, his grandmother was one of the country’s first female Garage Proprietors so cars probably run in his genes! Admits to affairs with Alfa Romeos, but has more recently owned an 06/06 MG TF 135 and then a 15/64 MG3 Style… Clive, who was AROnline’s News Editor for nearly four years, stood down from that role in order to devote more time to various Motor Racing projects but still contributes articles on as regular basis as his other commitments permit.

1 Comment on "China Watch : Jaguar in talks with possible Chinese partner"

Trackback | Comments RSS Feed

  1. DaveH says:

    JLR’s Chinese partner probably won’t be SAIC Motor and is more likely to be Geely Holding Group as Tata Motors won’t want to be dwarfed – if it does turn out to be Geely Holding Group, it would be funny seeing JLR and Volvo back in bed together!

Have your say...