Tata Motors (TATAMOTORS.BO : 242.35 +9.55
) will launch four models from the stables of Jaguar and Land Rover-the UK luxury marquees that it bought for $2.3 billion later this year in India. It will import the Jaguar XF and XKR and the Land Rover Discovery and Range Rover through a newly formed premium car division. The brands, to be initially available as completely built units from the UK, will be available at an exclusive showroom scheduled to open by June in Mumbai. Though the company has not announced prices at which these vehicles will be sold in India, Tata Motors chairman Ratan Tata has said they will be "lower" than in the UK.
Posted by
ChandruCNT
May 3, 2009
Labels:
Automobile Sector
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