Ratan Tata, chairman of Tata Motors and Tata Sons, has spoken of the success of Jaguar Land Rover ahead of the firm’s eagerly awaited Frankfurt motor show unveils.
“The credit for the turnaround of Jaguar Land Rover goes to the management team and workforce of the company. No single person can or should take credit for the improvement in the company’s operations,” Tata commented.
Between March 2010 and March 2011, JLR's pre-tax profits surged 20-fold to £1.12 billion for the fiscal year and figures released by the SMMT revealed increased August 2011 sales of Jaguar and Land Rover vehicles by 11 and two per cent respectively, despite a slump in overall new car sales.
“The upturn in the company’s performance commenced two years ago. The improvement reflects the changed market environment, the success of new products already in the pipeline and the enthusiasm and support of the management team and workforce.
“Tata continues to have confidence in the long-term prosperity of Jaguar Land Rover and looks forward to the success of the new products which are being launched in the coming years.”