Saturday, July 25, 2015

RATAN TATA INDUCTED INTO AUTOMOTIVE HALL OF FAME

The man who saved Jaguar Land Rover from Ford, Ratan Tata, has been inducted into the Automotive Hall of Fame in Detroit, alongside two other industry giants - Luca de Montezemolo and Roger Penske.


The Indian industrialist and entrepreneur's leadership has led to Jaguar Land Rover doubling sales, and employment, tripling its turnover, and been responsible for generating more than ten million pounds in investment in new product development and capital expenditure, since Tata acquired the business in 2008.


L-R: Luca de Montezemolo, Ratan Tata, Roger Penske
Both Roger Penske and Sr. Montezemolo paid tribute to Mr Tata's achievements, taking on risk, and showing bold and resolute leadership.

Under Tata Group ownership Jaguar Land Rover has not only been able to fund all its own future product development, but is now also contributing dividends to its parent.

The Chairman of the Automotive Hall of Fame, Michael Martini said:
"The Automotive Hall of Fame also recognizes Mr. Tata's quest to give mobility to India by producing the country's first indigenous car, the Indica, in 1998, following it with the ground-breaking Nano in 2008."

"Tata's investments in Jaguar Land Rover saved or created over 33,000 jobs in England, while preserving the rich tradition of performance and style that are the signature of these great marques. Clearly his vision is the reality."


Pravin Kadle, head of Tata Finance has revealed a hitherto unknown fact behind Tata's acquisition of Jaguar Land Rover. 

Tata Motors' first car, the Indica, was not successful in its first year and many business people in India recommended that Ratan Tata should offload the car division, and in 1999 Mr. Tata and a small group of his key executives (including Pravin Kadle) attended a meeting with Ford Motor Company in Deaborn.

During the meeting the Tata group felt insulted by the comments from the Ford directors, topped off when Bill Ford said to Mr. Tata: "Why did you start the car business, when you know nothing about it? We would be doing you a favour in buying it." 

The Tata group promptly ended the meeting and returned to India.

In 2008 Ratan Tata invited Bill Ford to his headquarters, 'Bombay House' in Mumbai, and offered to buy Jaguar Land Rover, which had incurred heavy losses under Ford's inept management.

Bill Ford said: "You are doing us a favour by buying the business."


8 comments:

  1. The Automotive Advertising Agency is a multi-cultural, full-service, creative advertising agency specializing in the automotive industry automotive advertising agency.

    ReplyDelete
  2. In the more saturated markets of the US, Europe, Japan and the UK, growth in sales has been lower than the comparatively smaller GDP growth rates (this has only been the case since 2003 in the UK). parkplaceprinting

    ReplyDelete
  3. The appropriate automotive service, performed at the recommended intervals, can save you hundreds of dollars in costly automotive repair. vehicle history

    ReplyDelete
  4. If it doesn't or if it's damaged, walk away immediately. In fact, inform the authorities immediately as well. BMW VIN decoder

    ReplyDelete
  5. Incase you are looking for an extended warranty, make sure you check out the comprehensive warranty covers wear and tear along with providing deductibles in payment for the cost of repairs. lease a car

    ReplyDelete
  6. Mr. Tata and a small group of his key executives (including Pravin Kadle) attended a meeting with Ford Motor Company in Deaborn.http://www.autolinereviews.com/

    ReplyDelete
  7. The writing of this blog is simple yet so powerful and strong. cargocarrierbox.com

    ReplyDelete
  8. You can easily get the equipment of your choice at competitive prices. Moreover, you can get an idea about the market rates by browsing through various automotive tools online stores before placing your final order. This also enables you to get good quality products at fair prices.Click This Link

    ReplyDelete