Tata Motors' successful cross-border acquisition of Jaguar Land Rover: key take-aways

摘要

Clearly, the JLR acquisition has been a great success for Tata Motors. In fact, JLR has helped the parent company shore up its financial results when the Tata Motors commercial vehicles segment was going through a cyclical downturn and its passenger cars were also underperforming in the Indian market. According to Kenneth Gregor, Chief Financial Officer of JLR, "Fiscal 2015 is the fifth consecutive year of growth for Jaguar Land Rover with retail volumes, revenues and profits reaching record volumes". JLR sold over 460,000 vehicles via 2,600 dealerships across 170 countries in the year 2014-2015. It is now the largest employer in the automobile sector in UK. JLR employs over 35,000 people worldwide and has been ranked as the fifth best employer to work for in the UK in 2014-2015. JLR even recorded strong growth in India in 2015-2016 and saw tremendous response for the new models of both JLR that were launched recently.