AutoBeta(AutoBeta.net)03/02 Report--

Last month, rumors that Great Wall wanted to buy Jaguar Land Rover caused a sensation in the industry, and Great Wall executives quickly responded, saying that the possibility could not be ruled out. Recently, Bloomberg also reported that Tata is considering options ranging from the sale of a minority stake to finding joint venture partners to develop cars and reduce costs. Tata has also formally responded, saying it has no plans.

At present, Tata Motors currently owns 100% of Jaguar Land Rover, and a Tata spokesman for the rumored sale of Jaguar Land Rover said, "Tata has no plans to separate Jaguar Land Rover. We will not comment further on any speculation in the market." Tata is reluctant to give up control of the business, which used to be its crown jewel, and may be more inclined to seek new equity from investors such as strategic partners or sovereign wealth funds, the report said.

Last year, Jaguar Land Rover sold 592708 vehicles worldwide, down 4.6% from the same period last year. As the world's largest single market, Jaguar Land Rover's annual sales in China fell by 21.6%. The decline in sales must affect its revenue. In the third quarter of 2019 (October-December 2018), Jaguar Land Rover had a revenue of $8.06 billion and a loss of $4.06 billion, which affected Tata Motors to record the biggest loss in Indian corporate history. Tata Motors attributed the third-quarter loss to sluggish Jaguar Land Rover sales in China.

After Jaguar Land Rover announced a quarterly loss of 4.06 billion US dollars, there was news at home and abroad that Great Wall approached Tata Motors that the former wanted to buy Jaguar Land Rover, but this news was not officially confirmed by Great Wall and Tata. But for a long time after that, Great Wall's acquisition of Jaguar Land Rover became a topic of conversation.

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