Tata Motors and its recently acquired luxury brand Jaguar and Land Rover are slated to share their technologies to jointly develop engine and vehicles for the global markets. “Initiatives have been taken on joint development programmes for engines, vehicles and platforms, which would leverage skills of the company (Tata Motors) and Jaguar Land Rover, resulting in a synergy in operations of the company and its subsidiary,” Tata Motors said. According to the officials, it will lead to high savings for both the companies in operations as well as production.
Tata Motors non-executive vice-Chairman Ravi Kant had been over-seeing the complete synergy of operations as well as manufacturing processes. Tata Motors had announced that it would invest about Rs 10,000 crore in the next two to three years on product development, facility modernisation and other capex purposes.
Earlier, JLR had announced plans to increase sourcing of components from low-cost countries, including China and India, in the coming years to reduce input costs. "Material cost is a significant challenge and JLR previously said that over the next few years it will grow the amount of materials and components it purchases from lower cost countries," a JLR spokesperson had said.
