Jaguar and Land Rover Contribute 97% of Tata Motors' 1.84 Billion Ringgit Loss

Times are really tough for companies. And when Tata Motors, a subsidiary of the Indian multinational conglomerate Tata Group, starts making losses, people sit up and take notice. Tata Motors, a key automotive player in fast-growing India, reported a net loss of 1.84 billion ringgit (25.05 billion rupees) for the fiscal year which ended March 2009—a stark contrast to the 1.59 billion ringgit (21.68 billion rupees) made last fiscal year.

While the recession did not help one bit, the key problem can be traced back to Jaguar and Land Rover, considering that the two companies—purchased from Ford last year—contributed 97 percent of the entire loss. As such, Tata Motors announced belt-tightening plans, such as job cuts, cheaper sourcing and tighter cash-flow controls. It was earlier reported that the Indian company is looking to banks for £1 billion to support the ailing British companies. Let's just hope the new Jaguar X-type, Jaguar XJ and Land Rover LRX get to launch on time without any hiccups.

AboutSeow Yaohan

Seow Yao Han strives to bring you the latest and the most comprehensive information on cars available in Malaysia. But it's never easy for him to talk and write cars in this part of the world because what you lust after is often not what you drive home. When the euphoria of test-driving that branded, super-expensive sports car dies down, he just goes home in his less-than-glamorous ride.

Jaguar Authorised Distributor

Company	Phone
SISMA AUTO (KL) SDN BHD	603 2775 5155
Address	Website
No. 4 Jalan Juruhebah U1/50Temasya Industrial Park Shah Alam, Selangor Darul Ehsan 40150	www.jaguar.com

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Land Rover Authorised Distributor

Company	Phone
Land Rover (M) Sdn Bhd	603 7960 2600
Address	Website
19 Jalan 13/2, Seksyen 13, 46200 Petaling Jaya, Selangor, Malaysia	www.landrovermalaysia.com.my