Tata Motors Denies Report Claiming It Could Sell Jaguar And Land Rover

Tata Motors has denied a recent report saying one of the options considered for for the ailing Jaguar and Land Rover brands was selling them to someone else.

The original report from Bloomberg said that the Indian company was pondering whether to offload the two British automakers altogether, sell a minority stake or find a venture partner for JLR in order to lower costs.

A Tata Motors spokesperson however told Reuters that “there is no truth to the rumors that Tata Motors is looking to divest its stake in JLR”.

According to the original report, Tata Motors is holding early-stage private talks with advisers which could very well lead to nowhere, citing inside sources. It’s believed that the Indian company is reluctant to give up control of JLR and may seek something like a strategic partner or a sovereign wealth fund instead.

Tata Motors currently owns 100 percent of Jaguar Land Rover, which had to write off $4.1 billion in the last quarter of 2018. Jaguar has been dealing with decreased sales in China and a big drop in demand for diesel models in Europe. Moreover, JLR has announced a 10 percent cut of its workforce amid uncertainty over Brexit.

Last month Jaguar Land Rover said that it was seeking alternative funding sources as the conditions weren’t right for them to borrow from the bond market. The British company, which is currently spending a lot of cash towards the development of electric vehicles, needs to raise $1 billion in 14 months in order to replace maturing bonds.

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  • Bo Hanan

    LR could be a hot item- but then every brand is putting out SUV’s like crazy. JAG would struggle for a buyer.

    • Belthronding

      Couldn’t express any better

    • PhilMcGraw

      Actually, if you look at the numbers, Jaguar does very well with their SUVs. In fact, their newest I-Pace is doing pretty good in sales.

      It’s their sedans that are suffering and it really can be fixed in almost one redesign by focusing on interior materials and fixing their infotainment system. If they did that, then people would be buying Jaguars again.

      • Merc1

        Which is is why he said that Jaguar would struggle for a buyer. 2 SUVs can’t save the brand. Sedans aren’t going to do it no matter what they do with their lousy interiors. Jaguar is clearly dead weight.

        M

        • PhilMcGraw

          So then just get rid of every brand that offers a sedan then. Obviously there are still brands out there pouring money into them because they know the current trend is just that: a trend. And automakers like Tesla and Toyota are still finding success in the sedan market so there has to be something still there.

  • Ariza Ariza Mclaren 720S
    • Bo Hanan

      Who didn’t see this coming? Poor quality and too expensive. ALFA should play in the $40K and under market. Let Maserati handle the $50K+.

      • Ariza Ariza Mclaren 720S

        It is unfortunate, Alfa Romeo has been characterized in managing very low prices, I do not know why they currently want to be at the level of the German trio (BMWs, Audi’s, Benz’s, Etcetera)

    • StrangerGP

      FCA makes huge plans and most of them are eventually postponed or cancelled – I’M SHOCKED!

  • Bash

    This is sad for JLR… I don’t know why the rest of the guys are discussing FCA here!?

    • Loquacious Borborygmus

      I think it’s the Donald effect.

      • Get out

        You shouldn’t think, you suck at it.

        • Loquacious Borborygmus

          Didn’t your mom tell you to say nothing if you didn’t have anything nice to say?

          • Get out

            Yes she did, and she also said don’t tolerate idiots.

          • Loquacious Borborygmus

            You misheard heard her. She said she didn’t tolerate idiots. It’s been a while since she spoke to you, Donald, isn’t it?

  • atomicbri

    JLR really needs to improve their build quality, I think this is a big issue for them and keeps people from wanting to purchase them.

  • liams92

    If TATA does decide to sell of JLR in the future, Geely would make a great purchaser. Volvo, Lotus, Jaguar and Land Rover under one umbrella sharing platforms, powertrains and parts would be a no brainer.

    Failing that, It would be great if TATA invested and bought Alfa Romeo and Maserati from FCA as was rumoured a few years ago. Again they could parts share and they all have similar history and philosophy.

    These are the only options I think will work long term. How can you compete when VW, Audi, Porsche, Lamborghini and Bentley are all under one roof.

    • Bob White

      Maserati, Alfa and Fiat are dead brands. You can’t make a winner with a bunch of losers.

      • ramish rambarran

        Bob, you are quite right in this, and your previous post. Times were when other countries had no choice but to buy only from British car manufacturers, not because they were the epitome of auto engineering. The Japanese learnt from the British…….now they can teach the British. The Koreans are catching up too.
        99% of car users want a car that stops only for fuel, not one that you dip your head under the hood every Monday morning.
        As regards your bunch of losers, I can add some more !

        • Thetruthísntalwayspopular

          Add Bob to your list of losers.

          • Bob White

            Where did you get your good looks?

          • Thetruthísntalwayspopular

            From your mother

        • Bob White

          The British established some great brands and concepts but they could never produce a quality reliable car. Today, they don’t own any of their brands.

          Despite this, most of F1 technology originates from England where all the major teams are based.

      • Thetruthísntalwayspopular

        They really aren’t.

        • Paulbe

          Agreed. They aren’t.

      • liams92

        Currently you could make a good case for that. But this could also be said about Lotus, yet in the hands of Geely I think they will come out swinging.

        • Bob White

          Maybe. But this is still yet to be proven.

  • EM1

    It needs to be a pure British brand again.

    • Merc1

      It is now. Having the “British” control it again will speed up it’s demise. The Brits can’t run a car company to save their lives.

      M

      • Thetruthísntalwayspopular

        McLaren says hello

        • Paulbe

          British Leyland says goodbye.

          • Thetruthísntalwayspopular

            Just proving that your blanket statement was incorrect. If the UK government had bailed out BL as much as France did PSA and Renault or the US Chrysler and GM, BL would still be here.

  • Bob White

    BMW and Ford sank billions in JLR and also failed miserably. Who else wants to step up and lose billions on a few brands who can’t build a quality car when their lives depend on it?

    • botornot387

      Actually those brands are what pretty much sank the brands to begin with. Ford purely bought the Land Rover to steal the 4wd tech. They don’t need either of those types of ownership. They do need a strategic partner though. My bet is a Chinese partner.

      • Bob White

        When JLR was first purchased, BMW’s president visited JLR’s plants which he compared to Lada plants in the Soviet Union. JLR at that time was on the verge of bankruptcy.

        I’m really surprised that with Tata’s open checkbook, the company isn’t in better shape producing higher quality products.

  • Six Thousand Times

    A rumour that it could sell…well, that’s pretty concrete then.

  • Thetruthísntalwayspopular

    Well up until this recent write off, they were making a lot of money. Brand wise and with the cars they have on sale, JLR are in a good spot. I-Pace, New Velar and Evoque and a new Big Daddy Range Rover coming, Tata knows this.

    • Paulbe

      They do have some fine looking stuff, but quality is the one constant you can’t get wrong, as Tesla is finding out.

  • People. A lot of brands are going to fall under the weight of the transition from ICE to EV. For many reasons: 1. Not enough cash to invest in the transition, or are way behind to begin with. Particularly pertinent because lowered costs come mainly from investment in battery production. With ICE, you could buy engines and transmissions. 2. Don’t see the EV paradigm shift coming, or are somehow still in denial. 3. Cannot realign their brands with an EV focus. Some brands just don’t feel electric and so customers will not trust their models in the face of early stiff competition. 4. Many are unprepared for a shift away from ownership to ride-sharing or entirely new platforms we cannot yet fully imagine.

    Nothing can be done for some of these brands. I am not sure about Jaguar due to their relatively small size and lower number of model sales per annum, but I have real concern for all the manufacturers that play in the large mass market. Specifically, FCA, Mazda, Subaru and even Ford.

  • Thetruthísntalwayspopular

    I know you may not know this; there are quite a few countries outside of the USA. Maybe look up an Atlas one day. If you know what that is.

    • Bob White

      Sounds like you come from a real shh!t hole country. By your comments, sounds like you’re a sad angry boy. BTW, I’m not a Yankee.

      If you would have read the article, JLR loss 4.1B in a single quarter and Fiat, Maserati and Alpha are getting decimated everywhere. A loser supporting losers.

      • Thetruthísntalwayspopular

        You can’t even spell Alfa. You’re an idiot.

        • Bob White

          You’re a sad POS. A waste of skin. Suck this:
          …………………./´¯/)
          ………………..,/¯../
          ………………./…./
          …………./´¯/’…’/´¯¯`·¸
          ………./’/…/…./……./¨¯
          ……..(‘(…´…´…. ¯~/’…’)
          ……………………..’…../
          ……….”…………. _.·´
          ……………………..(
          ………………………….

          • Thetruthísntalwayspopular

            Awww you mad bro? LMAO. Please take some basic English lessons. Start with My first ABC.

  • Get out

    Ev is trash., fools gold.

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