Rumors about the sale of the Indian concern Jaguar Land Rover have not been confirmed

Rumors about the sale of the Indian concern Jaguar Land Rover have not been confirmed

December 26, 2018 0 By autotimesnews

According to representatives of the Tata company, they are still confident in the success of British brands and will exert maximum efforts to realize the potential of the product known all over the world.

 “We are still confident in the long-term success and growth in sales of Jaguar Land Rover cars,” said Natarajan Chandrasekaran, head of Tata Motors. “We believe in the potential of Jaguar Land Rover’s products and engineering, trust in management and will continue to invest in the company.” There are no prerequisites for selling a Jaguar Land Rover. ”

Thus, rumors about a possible change of owners of Jaguar Land Rover were completely refuted in an official statement. The reason for the rumors was the decline in profits of the British brand, the decline in sales in China, as well as the drop in demand for diesel cars in the international market.

In 2018, enterprises were restructured to increase profits and optimize costs. Recall that Tata has owned the JLR concern since 2008, and is not going to leave the international arena with these cars.

Meanwhile, the Indian auto giant is preparing to bring to the market a new crossover built on the basis of the classic Land Rover model. The flagship Harrier will be released only next year, but now the company decided to lift the veil over the interior design.