Being one of the fastest growing markets in the world, Brazil is an important destination for auto makers. JLRs main rivals, Audi, BMW and Mercedes Benz, already have plans in place for manufacturing cars in Brazil. In order to keep up with the German trio, British car maker is very close on the heels of signing for thier new plant, reports Financial Times.
Speaking to FT, Ralf Speth, JLR’s chief executive said, “We are in very intensive discussions with government and hopefully we will have a decision as soon as possible. It’s a very interesting market. In Brazil we have a very high market share. With Land Rover we outperform BMW and Audi, and we don’t want to lose that.”
Coming back to Tata Motors sales report, sales of passenger vehicles in domestic markets dipped by 40.51% and stood at 12,879 units in September. The company had sold a total of 21,652 units in the same period in 2012. Of Nano, Indica and Indigo, Tata Motors sold a total of 9,766 units while of the Sumo, Safari, Aria and Ventura range the company sales totaled 3,113 units.
Taking sales of commercial vehicles into account, sales dipped by 31.96% from 48,680 units sold in September 2012 to 33,119 units sold in September 2013. This scenario continued even where exports of Tata Motors were concerned. Exports dipped by 18.59% from 5,441 units exported in September 2012 to 4,429 units exported in the past month.