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NINETY EIGHT REGENCY

Jaguar in talks With possible China partner

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Jaguar in talks With possible China partner

October 25, 2010 12:58 CET

SHANGHAI (Bloomberg) -- Tata Motors Ltd.’s Jaguar Land Rover unit is in talks with a possible partner in China, Tata group CEO Carl-Peter Forster said.

“It’s in the negotiations,” said Forster on the sidelines of a forum in Shanghai on Sunday. No timetable has been set for reaching a deal, Forster said.

Automakers such as Tata Motors, Volkswagen AG and General Motors Co. are looking to increase capacity in China as rising incomes and a growing economy boost sales in the world’s largest auto market. Mumbai-based Tata plans to expand in China as part of a push to grow Jaguar sales in emerging markets.

Jaguar Land Rover will introduce hybrid cars to the market “over the next couple of years,” said Forster, who is also managing director at the Indian automaker. Customers have been slow to buy such cars globally, he said.

Tata, which sells the world’s cheapest car, the Nano in India, has received a lot of overseas interest in the small car and hasn’t decided on its export markets, Forster said.

“We have a lot of interest, certainly more interest than we can satisfy,” he said.

Separately, Forster told a forum audience that India’s auto market may grow to about 8 million units a year by 2020.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101025/ANE/101029921/1131#ixzz13Nnf59FR

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Jaguar Sets China Venture

By NORIHIKO SHIROUZU

SHANGHAI—Jaguar Land Rover, a unit of India's Tata Motors Ltd., is in talks with a Chinese auto maker to establish a manufacturing and sales joint venture in China to boost the two-brand company's paltry presence in the country's auto market, the world's biggest after displacing the U.S. as No. 1 last year.

Tata Motors' Chief Executive Carl-Peter Forster, said Saturday at an auto conference that Tata-owned Jaguar Land Rover wants to find a partner in China "as soon as possible" to manufacture and market vehicles.

He said the company is in "good discussions" with a Chinese auto maker but declined to name the potential partner.

Tata believes the Jaguar and Land Rover brands, which Tata purchased from Ford Motor Co., have "tremendous potentials" around the world.

But "let's be honest they have been somewhat under-managed" for some time, even though the brands are attractive.

"We're not as strong as we should be [in many markets], most notably in China," Mr. Forster told the industry forum at China Europe International Business School in Shanghai.

Mr. Forster provided little detail about Tata's plans with Jaguar Land Rover, but analysts believe the company is likely to begin assembling Land Rover sport-utility vehicles in China with a local partner.

That joint manufacturing arrangement would likely be later expanded to the Jaguar brand, they said.

link:

http://online.wsj.com/article/SB10001424052702303321904575571173300302634.html

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