Tata Motors' Jaguar awarded Asian Guild Enterprise Award 2010

Jaguar, a luxury brand from the Tata Group and a fully owned subsidiary with its operations being part of Jaguar Land Rover business was honoured with the Asian Guild Enterprise Award 2010.

The award was received by John Johnson, the Operational Director of Jaguar Cars at the award ceremony held at the House of Lords. The Asian Guild, in the grand ceremony presented Jeoff Cousins, Jaguar cars MD, a Fellowship.

As per Mr Suresh Joshi, the Director General of Asian Guild, the awards are a recognition to the contributions made by Asians in various fields. He compared Guild awards with Noble Prize and said these awards are made on the same platform which Noble Prize are modeled on.

Tata Motors in 2008, took over Jaguar Land Rover, the British luxury car brand, it was said then, that, Tata Motors has taken a strategical move to establish itself in the International market. The decision is proving in its favour as Tata Motors not only bought the debt ridden British brand but in just two years JLR was out of its loss and is now a profitable venture. With JLR scoring high, the company has extensive plans to cement its position in the international auto market. JLR is targeting to utilize the increasing auto market in its favour. The company hopes to sell more than 200,000 cars which will fetch it a revenue of 9.7 billion pounds which was 6.7 billions in 2009. The company's expansion plans also include setting up a manufacturing plant in China and talks about the new facility are already on. The new facility in China is expected to have a capacity of 50,000 units and 5,000 staff members.

Tata Motors, confident with the growing Chinese market had recorded a growth of 2 per cent in the second quarter of 2011. Tata Motors net profit for the Q2 are Rs 2,223 crore which was Rs 2,178 crore last year. For the Fiscal year 2011, the revenues generated by Tata Motors grew from Rs 210.88 billion in second quarter of 2010 Fiscal Year to Rs 287.82 billion for Q2FY11. The consolidated sales were up by 36.5 per cent.

Read More on : Tata Aria price