Business Ideasletters: Painful recovery
That Tata Motors has cut the losses in Jaguar and Land Rover may be good news for Ratan Tata, who has been under fire for buying the luxury car company. Critics had said it was personal hubris rather than good business strategy that had dictated this purchase and it did seem so far that they were right.
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Cutting the losses from £240 million (Rs 1841.28 crore) to £60 million (Rs 460.32 crore) is commendable(“JLR on road to revival”, November 28), but Tata Motors needs to do more than cost-cutting to put the Jaguar back on track. With their limited experience of passenger cars and the Nano requiring all their attention, the company may find it has a tiger by the tail.
RM Hussein, Mumbai
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