The acquisition of Jaguar-Land Rover by the Tata’s for $2.3 Bn was a costly mistake. It recently posted the first loss in 8 years. So the end result? Guess what! No funds for new projects.
The recently-unveiled (during 2009 Geneva Auto Show) D-segment sedan Prima has been put on hold. However, Tata Motors is gearing up to roll out the sedan version of the Indica Vista by Q1 FY10. It will be manufactured at the new Fiat-Tata joint venture plant at Ranjangaon and is expected to be priced at around Rs. 5 lakh. (Swift Dzire are you listening?).
