Assembling of Land Rover in India next year
The assembling process of Land Rover by Tata Motors is the latest news in the auto industry. Tata gets hold of two third share in the segment of buses and trucks in India. The platform from Tata Motors delivers utility vehicles Tata Magic, Winger and Safari and cars like Nano [images], Indica [images] and sedan Indigo [images], Manza The process, according to sources, is to start next year and the company has already initiated the negotiations with the Chinese counterpart in this regard. Tata Motors had bought the luxury models Land Rover and Jaguar from Ford Motor some two years ago. This comes in the wake of its Chairman’s assurance that there will be more launches in Jaguar portfolio- a station wagon, a roadster and an entry-level car. The company has got some good cheers about its sale and profit of 19.89 billion rupees for Q1 of 2010-11. This was made possible with the overall demand for cars, trucks and buses having increased substantially. During the last month the demand in domestic car market saw a deep hike- 38%- against last year owing to the launch of new models and the revived economy.