Tata Indica, the Tata Group's big passenger car bet, was not delivering expected returns a year into its launch. Desperate, the Tata Motors brass, led by Ratan Tata, acceded to a meeting request from Ford Motors for a possible sale of the passenger vehicles division to the American auto major. Some people had advised Tata to sell the business, and the Ford officials came to Bombay House to hold talks.
The British marque had earlier announced to add 275 new jobs at its production facility at Solihull in West Midlands to meet rising demand after sales improved for several months. Land Rover currently employs 9,500 people and supports a further 40,000 jobs in the supply chain.
Tata Motors-owned marquee brand Land Rover today reported its best ever monthly sales in the UK market where it is based, with 11,300 units sold in March, up 67 per cent from the same month last year.
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