Tata Motors’ Jaguar Land Rover (JLR) has inked a joint venture (JV) agreement with Chinese carmaker Chery Automobile to produce and sell JLR- and JV-branded vehicles in China. Also, a new, jointly-owned company will be formed, with a view to also establish a research and development facility.
Tata Motors Group global wholesales, including Jaguar Land Rover, were at 127,318 in February 2012, higher by 24% over February 2011. The cumulative sales for the fiscal were 1,112,518, higher by 15% compared to the corresponding period in 2010-11.
Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 57,857 in February 2012, highest ever in a month and a growth of 24%. Cumulative sales for the fiscal are 536,136, a growth of 18%. Also, global sales of all passenger vehicles were at 69,461 in February 2012, higher by 25%. Cumulative sales for the fiscal are 576,382 higher by 11%.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 317.70 |
| Maruti Suzuki India | 13580.00 |
| Mahindra & Mahindra | 3417.00 |
| Hyundai Motor India | 2219.00 |
| Mercury Ev-Tech | 39.68 |
| View more.. | |
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