Thursday, February 09, 2012
By Pawan Rana
Tata Jaguar’s success in China, protect company’s debt
The Tata Jaguar cars are proving as the triumph cards for the company in Chinese automotive market that have credited the profit of 10 percent to $541 million with more than $100, 000 retailing, according to a report. China is the hottest Asian destination for the automakers having abundance of more than one million potential customers.
With this achieving sale of the Jaguar cars, the India’s giant automaker ‘Tata Motors’ has protected its debt by scoring the 538 basis points. A Milan-based fund manager at Aletti Gestielle SGR, Walter Rossini has said that the company has efficiently cracked the developing markets like China and Russia through its high-tech exposures.
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Surprisingly, the Jaguar cars have submitted the sales of 92 percent within the short duration of six months. According to the sources, the Jaguar cars are 30 times costly then, the average annual income of the urban Chinese families. Besides the high price of the Jaguar Land Rover, the deliveries jumped upto 63 percent with 17, 812 units, and sharing global deliveries contribution by 18 percent with 103,168 units.
However, the combined overseas sales of the Jaguar cars have declined by 16 percent including the UK, North America and Europe (except the Russia). In January, the Automotive Press Association in Detroit has crowned the Range Rover Evoque with the title of ‘North American Truck of the Year’, launched in month of September 2011. The Global brand director of JLR, John Edwards has addressed that the company has received the 32, 000 booking for the Range Rover Evoque.
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In an interview the analyst, Surjit Singh Aroroa has said that the Jaguar Land Rover will change the graphics of the company’s growth chart and increase its business momentum along with the successful Evoque. Tata Motors has marked a significant appearance in the growing markets like China and Russia by following its strong business strategies.
According to his predictions, the company’s net profit will cross the figure of Rs.3, 090 crore before the end of this year. Before the result declaration the Mumbai-based spokesman, Debasis Ray has refused to make any comment over the company’s performance yet, it has been scheduled for the 14th February. According to the report, the given profit outlook has affected the selling price of Jaguar Land Rover’s bonds (Due May 2018), which were sold at 7 month low of 8.31% on 3rd February.