Tata Motors and Jaguar Land Rover have been in discussions with commercial banks for Jaguar Land Rover funding facilities, many of which have been successfully concluded in the last few months and the balance is expected to be completed in the coming weeks.

Tata Motors and Jaguar Land Rover also expect that the long term loan from the European Investment Bank (EIB) of Pound 340 million, sanctioned to Jaguar Land Rover, can also be successfully secured in the coming weeks through appropriate commercial arrangements.

With the positive trend in the external environment in financial markets and improvement in general liquidity, these arrangements have been and are expected to be concluded without necessitating guarantees from the UK Government, for which discussions had been ongoing for some time.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs.70,938.85 crores ($ 14 billion) in 2008-09. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

It also has an industrial joint venture with Fiat in India. With over 4 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer.

Courtesy: Tata Motors India

Top Selling Tata Cars Prices and Specifications:
Tata Nano
Tata Indigo (Sedan)
Tata Sumo (SUV)
Tata Safari (SUV)
Tata Winger (SUV)
Tata Indica (Hatchback)
Tata Indigo Marina (Wagon)

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Tata Motors July sales grow 18% at 48,054 nos.
60,000 Tata Nano cars to hit the road by July 2010

Related Books:
Tata Nano: The People's Car
Ratan Tata
Tata s Business and Growth Strategy

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Posted by Naresh Koshti on 12 August, 2009 11:11:00 AM IST #