Jaguar seeking joint venture with China partner

Article by Christian Andrei, on October 26, 2010

Talks are ongoing for Tata Motors Ltd.’s Jaguar Land Rover unit to get a possible partner in China, according to Tata group CEO Carl-Peter Forster who spoke on the sidelines of a forum in Shanghai last Sunday.

Tata didn’t set a timetable on when it expects to reach a deal. It isn’t only Tata that is considering teaming up with a Chinese partner.

Automakers such as Volkswagen AG and General Motors Co. are also looking to increase capacity in China as rising incomes and a growing economy boost sales in the world’s largest auto market.

Tata’s expansion plan in China is part of a campaign to raise Jaguar sales in emerging markets. Forster, who is also managing director at the Mumbai, India-based carmaker, revealed that Jaguar Land Rover will introduce hybrid cars to the market “over the next couple of years.”

Foster admitted that customers throughout the world have been slow in buying such cars. Forster said that Tata has received a lot of interest overseas for Nano, the world’s cheapest car. But so far, Tata has not decided on its export markets.

Forster said that Tata has been receiving “certainly more interest than [it] can satisfy.” Forster also took the chance during the forum to disclose that it expects India’s auto market to increase to about 8 million units a year by 2020. [via autonews - sub. required]

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016