Tatas hopeful of Jaguar Land Rover surviving downturnOctober 31st, 2008 - 3:35 pm ICT by IANS
London, Oct 31 (IANS) Tata Motors managing director Ravi Kant has said Jaguar Land Rover in the UK, which the Indian auto major owns, will survive the credit crunch but did not rule out more redundancies in the company in the near future.Kant, also on the Jaguar Land Rover board, was quoted by The Sun newspaper as saying: “Jaguar and Land Rover are going through fire. Unfortunately, they are caught in this difficult situation but we are positive they will come out of this. They have an outstanding group of managers.”
He said any decisions on further redundancies would be taken by the British management, depending on the economic conditions, “but I expect more redundancies will be called for in November”.
According to Kant, the Tata Group had no regrets about the joint purchase of Jaguar and Land Rover and that company chairman Ratan Tata was “hugely impressed” with the British workforce.
He said a high-level team from Jaguar Land Rover was in India holding extensive discussions to set up a strategy to sell vehicles there.