India Watch : Tata Motors to build Land Rovers in India next year
Automotive News Europe/Reuters, 10th August, 2010
MUMBAI (Reuters) – India’s Tata Motors Limited plans to start assembling Land Rovers in India starting next year, its Chief Executive Officer said on Tuesday.
Tata Motors already sells the the premium SUV in India. Tata Motors, which acquired luxury brands Jaguar and Land Rover from Ford Motor Co. in 2008, is also in talks to start production of Land Rover and Jaguar models with a joint-venture partner in China, Tata CEO Carl-Peter Forster said.
Earlier on Tuesday, it beat forecasts, reporting a consolidated net profit of 19.89 billion rupees ($429.59 million) for the quarter ended June 30.
[Source: Automotive News Europe]