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Tata
Motors-Rover alliance to continue
The
Financial Express December 21, 2004
Putting to rest all
speculation about a split, Tata Motors and UKs
Phoenix/MG Rover group have in a joint statement
reaffirmed their commitment to the City Rover
project in the UK and European markets. The
annual business plan review that assessed market
dynamics and competitive offerings in the UK market,
has led to suitable adjustments which will contribute
to a stronger offering in the marketplace,
a media statement issued on Monday said.
MG
Rover managing director (sales & marketing)
Rod Ramsay said that the City Rover and its new
versions will enable the Company to position itself
more aggressively in the small car/city car segment
in the UK and European markets. The success
in this segment would be an important element
of the group strategy, going forward, he
said. Tata Motors, headinternational business
(passenger cars) Divyendu Kumar said that the
supplies to Rover remain a priority for Tata Motors.
The company continues to be committed to
the overall success of the City Rover Project,
he added.
According
to the statement, the City Rover project will
see added momentum with new product versions and
entry into new markets. The companies have
announced plans for the introduction of left-hand
drive (LHD) versions that will form the basis
of entry into European markets. In addition, the
two organisations also confirmed agreement on
potential inclusion of the turbo-diesel version
of the City Rover, it states.
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