Tata boss pledges investment in Jaguar and Land Rover
The new owner of Jaguar and Land Rover says it will invest in the two historic UK car marques
A top executive at Indian car maker Tata Motors have said the company will not shy away from making major investments in the recently acquired marques, Jaguar and Land Rover.
Tata bought the two historic UK businesses from Ford last month in a £1.7bn deal. Tata pledged then to leave the existing management and workforce in place and signed up to the companies' existing business plans.
Tata managing director Ravi Kant told the BBC in an exclusive interview that Tata was in for the "long haul" and would do "whatever would be required".
Kant said his company would continue to invest in new models. He added: "Whatever would be required for the upliftment of these plans for the sustained profitability of the plan we will be doing it because it's a company owned by us."
Jaguar and Land Rover employ about 16,000 staff in the UK. The two companies have sites at Solihull and Castle Bromwich, near Birmingham, Whitley in Coventry, Gaydon in Warwickshire and Halewood on Merseyside.