The Indian company also famous for building that ultra cheap Nano car is actually gearing up Jaguar-Land Rover for growth in emerging markets, namely China and India. Tata will open up more showrooms in India and in China, a sales/ distribution company. Jaguar sold 8,821 units in a 10 month period. This is 8,000 cars that Jaguar would not have sold if it had not entered the Chinese market. It would seem pretty good business sense for Jaguar-Land Rover to expand into these markets which is expanding in leaps and bounds. This is also coupled with the fact that the new Jaguar XJ and XF as well as the current crop of Range Rovers and Land Rovers are actually brilliant products that people actually want to buy.
Tata is planning to raise the amount via shares, equity and the like in order to come up with the $1 billion required for this exercise. Earlier, Tata had already raised 41 billion rupees through a rights offer in October 2008. The Tata Group, which is the holding company which other businesses include making steel, computer software, tea and power , invested 30 billion rupees by subscribing to the offer. And while Tata Motors had debt of 185.3 billion rupees (according to Bloomberg financial data), partly due to the loans taken to purchase the luxury vehicle unit from Ford Motor Co. for $2.5 billion in 2008, the corporate family rating was raised to B2 from B3 with a positive outlook at Moody’s Investors Service in April 2010.
Moody had stated that the rating upgrade reflected the quick turnaround in the operating performance of the Jaguar Land Rover business where Tata Motors returned a $48.23 million profit in the fiscal year ended in March after the luxury unit had a pretax profit and sales gained amid economic growth. as the global economy began to recover from the Credit Crunch fiasco that affected the whole world. This again proves that the current Jaguar-Land Rover line up is pretty solid. If they had come up with a new XJ that looked and felt like a room in an old English manor again or a Jaguar X-Type that looked like it was even more old fashioned than the MkII, whose looks the X-type were derived from, then nothing could actually help Jaguar. Land Rover seems pretty solid with its newly facelifted Range Rover, Range Rover Sport and the new Discovery. So there is no real change over in that corner.