Tata Motors launches Jaguar, Land Rover in India

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Tata Motors has finally launched Land Rover, Jaguar in India. The entry level cost for the Range Rover and Jaguar is Rs 63 lakh. While the top end model of Range Rover will cost Rs 89 lakh. Both Jaguar and Range Rover will have one co-owned showroom each in Mumbai. Tata Motors plans to expand to other cities based on response in Mumbai.

Jaguar-Land Rover may be open to giving a board seat or perhaps even an equity stake to the UK government, in return to the financial package which it needs urgently. It is negotiating with the government to guarantee a 340 million pound loan from the European Investment Bank. Speaking on the financial package that JLR needs, Ratan Tata, Chairman, Tata Motors, said it all depends how the ongoing negotiations go ahead. "If there is a large financial package that the British government will in fact give to the company, there should be a commensurate level of representation or answerability to them. It's a question of negotiating what would be fair and just, which we are in the process of doing," he stated.

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