The world was taken aback, when an Indian company acquired the British marquee brands, Jaguar and Land Rover, in June 2008 from Ford Motors for 2.3 billion US dollars.
Through this acquisition, Tata Motors had proved to the world that India has come out of age and is poised to become next motoring superpower. This also led Britain to wake up to India’s growing strength in the automotive world.
Peter Mandelson, the UK Secretary of State for Business and Innovation has actually said, “Tatas investment in Jaguar and Land Rover brands has woken Britain up to the growing strengths of Indian manufacturing.”
Mr. Mandelson is in India to attend a function of Confederation of Indian Industry (CII) and he made this statement there. Mr. Mandelson is to speak for British manufacturing. He hopes that Tata Motors’ investment in Britain would send a clear signal to the rest of Indian industry about the manufacturing potential from Britain.
When Tata Motors had acquired Jaguar Land Rover (JLR), the iconic brands were in a financial crisis. Since then, the Indian company has been nurturing JLR back to health with sales showing improvement.
Mr. Mandelson described India as a “racing car” which is revved up and ready to roar off but still has “handbrakes” on. He said India stands at a critical point. “My question is shouldn’t India ease off the handbrake?”
Carazoo.com concludes that government’s rightful intervention and backing will help India to grow more rapidly and emerge as a developed nation in near future.
Through this acquisition, Tata Motors had proved to the world that India has come out of age and is poised to become next motoring superpower. This also led Britain to wake up to India’s growing strength in the automotive world.
Peter Mandelson, the UK Secretary of State for Business and Innovation has actually said, “Tatas investment in Jaguar and Land Rover brands has woken Britain up to the growing strengths of Indian manufacturing.”
Mr. Mandelson is in India to attend a function of Confederation of Indian Industry (CII) and he made this statement there. Mr. Mandelson is to speak for British manufacturing. He hopes that Tata Motors’ investment in Britain would send a clear signal to the rest of Indian industry about the manufacturing potential from Britain.
When Tata Motors had acquired Jaguar Land Rover (JLR), the iconic brands were in a financial crisis. Since then, the Indian company has been nurturing JLR back to health with sales showing improvement.
Mr. Mandelson described India as a “racing car” which is revved up and ready to roar off but still has “handbrakes” on. He said India stands at a critical point. “My question is shouldn’t India ease off the handbrake?”
Carazoo.com concludes that government’s rightful intervention and backing will help India to grow more rapidly and emerge as a developed nation in near future.
