4 ms·

I did not know TATA owns Land Rover and Jaguar!

by netfl0 4y ago

PinguTS 4y ago
That's when Ford hat its problems in the 2008 crisis and sold off its then so-called Ford Premium Group that consisted of Volvo and Jaguar.
- gpderetta 4y ago
  That's after it bought DeLorean for their time machine business I assume. edit: "after it will have brought" I guess
  - PinguTS 4y ago
    Sorry, wrong key pressed. Thanks. Fixed it.
    - gpderetta 4y ago
      Nooo now my comment is not funny anymore :)
      - neogodless 4y ago
        If your forum has a working "edit" button, you can revise history in your favor...
mabbo 4y ago
Interestingly, TCS (Tata Consultancy Services) which many people on HN would recognize, is a publicly traded company- yet something like 70% of it's shares are owned by Tata Group, and it's a massive part of their income.
- 2143 4y ago
  > it's a massive part of their income I'm pretty sure the income is massive, but it might not be where the majority of the money comes from. Tata is a huge conglomerate with businesses that apparently have nothing to do with each other. Steel, Salt, coffee/tea, hotel chains, multiple airlines, IT, car companies, watches, financial companies, phone companies (?), jewellery, air conditioners, the list goes on. (Whether any of their products are good is a different matter; it may or may not be — I don't really know.) Tata motors in India has been pretty good over the last few years. They now make very desirable products designed for the Indian market — ie., spacious, efficient, practical cars with good enough performance, reliability, high scores in GNCAP crash tests, at a price which a lot of Indians can afford. Tata cars probably won't win any races, but they have finally figured out the pulse of the Indian market.
  - mabbo 4y ago
    From wikipedia, Tata Group is worth $300B. Tata Group owns 70% of TCS, which is worth $200B. Also this: > more than 70% of Tata Sons' dividends were generated by TCS https://en.wikipedia.org/wiki/Tata_Group https://en.wikipedia.org/wiki/Tata_Group https://en.wikipedia.org/wiki/Tata_Consultancy_Services https://en.wikipedia.org/wiki/Tata_Consultancy_Services TCS is around half the value of Tata.
sircastor 4y ago
I worked for Jaguar Land Rover for 7 years. It almost never came up. I would say that most of the company operates independently. Occasionally we would engage with Tata's other arms (I recall early on doing work with TCS - Tata Consulting Services to do some software development.) Sometimes as I'm out and about I'll see old Ford-era Jaguars and I'm pleased that the company has independence to make its own vehicles.
touristtam 4y ago
They bought it from Ford when they decide to desinvest from their European luxury brands (after Jaguar didn't manage to compete with BMW).

I did not know TATA owns Land Rover and Jaguar!

by netfl0 4y ago

I did not know TATA owns Land Rover and Jaguar!

That's when Ford hat its problems in the 2008 crisis and sold off its then so-called Ford Premium Group that consisted of Volvo and Jaguar.

gpderetta 4y ago
That's after it bought DeLorean for their time machine business I assume. edit: "after it will have brought" I guess
- PinguTS 4y ago
  Sorry, wrong key pressed. Thanks. Fixed it.
  - gpderetta 4y ago
    Nooo now my comment is not funny anymore :)
    - neogodless 4y ago
      If your forum has a working "edit" button, you can revise history in your favor...

mabbo 4y ago

Interestingly, TCS (Tata Consultancy Services) which many people on HN would recognize, is a publicly traded company- yet something like 70% of it's shares are owned by Tata Group, and it's a massive part of their income.

2143 4y ago
> it's a massive part of their income I'm pretty sure the income is massive, but it might not be where the majority of the money comes from. Tata is a huge conglomerate with businesses that apparently have nothing to do with each other. Steel, Salt, coffee/tea, hotel chains, multiple airlines, IT, car companies, watches, financial companies, phone companies (?), jewellery, air conditioners, the list goes on. (Whether any of their products are good is a different matter; it may or may not be — I don't really know.) Tata motors in India has been pretty good over the last few years. They now make very desirable products designed for the Indian market — ie., spacious, efficient, practical cars with good enough performance, reliability, high scores in GNCAP crash tests, at a price which a lot of Indians can afford. Tata cars probably won't win any races, but they have finally figured out the pulse of the Indian market.
- mabbo 4y ago
  From wikipedia, Tata Group is worth $300B. Tata Group owns 70% of TCS, which is worth $200B. Also this: > more than 70% of Tata Sons' dividends were generated by TCS https://en.wikipedia.org/wiki/Tata_Group https://en.wikipedia.org/wiki/Tata_Group https://en.wikipedia.org/wiki/Tata_Consultancy_Services https://en.wikipedia.org/wiki/Tata_Consultancy_Services TCS is around half the value of Tata.

sircastor 4y ago

I worked for Jaguar Land Rover for 7 years. It almost never came up. I would say that most of the company operates independently. Occasionally we would engage with Tata's other arms (I recall early on doing work with TCS - Tata Consulting Services to do some software development.) Sometimes as I'm out and about I'll see old Ford-era Jaguars and I'm pleased that the company has independence to make its own vehicles.

touristtam 4y ago

They bought it from Ford when they decide to desinvest from their European luxury brands (after Jaguar didn't manage to compete with BMW).