Not thought of bringing JLR tech to India yet: Ravi Kant

Tata Motors MD, Ravi Kant said that they have not thought about bringing Jaguar-Land Rover technology to India yet. He said a bridge loan will be arranged in a year's time, reports CNBC-TV18.

Tata Motors is waiting for regulatory approvals from the European Union, United States and other countries. The acquisition will be completed in 6-8 weeks. 

JLR will be included in the consolidated numbers of Tata Motors from the next financial year.

Excerpts from an exlusive interview with Ravi Kant:

Q: What do you have to say about the deal?

A: We are not talking about synergy here, we are not talking about integration. We are talking about keeping two brands totally different. They have different personalities and to make them succeed in their own realms in which they operate. Therefore, these are two independent companies, two independent brands they live in their own independent worlds. It is not a question of trying to merge the two together or try to integrate the two together because these are two very reputed iconic brands and we expect to maintain them as they are.

We have not yet acquired the brands. We have signed a sale purchase into share purchase agreement, which has to go through some regulatory authorities approval. Only after that we will have completed the process. Then only we become the owner of the company, the brands.

We are very qualified for this process and we also knew in what way we are going to be running the company. We certainly had a lot of competition especially from private equity people and it would have gone any which way. But we were proud of our industrial heritage and finally that really swayed the decision in our favour that we are automobile company of longstanding. We know how to run a company, we know how to run plants, we know how to take care of management and employees. That really turned the tide in our favour and of course it’s not that we are not paying a good price for it.

More to come...