Tata Motors' British brands Jaguar Land Rover are likely to break-even by financial year 2011 which is attributed to the improved volumes and expected recovery in the global economy.
It is expected that the break-even could enhance the profit of Tata Motors. The Indian car maker acquired Jaguar Land Rover from American car maker Ford Motor last year for about $2.3 billion.
Jaguar Land Rover has been deeply affected by the ongoing global recession and has witnessed a dip in the sales. Moreover, Tata Motors reported a loss of Rs 2,300 crore for the fiscal year 2009 mainly because of the losses incurred by the luxury car brand Jaguar Land Rover.
Moreover, Tata Motors is planning to spend around Rs 80 Crore over the next three to four years on 'capital expenditure and product development', reports the Economic Times.
The proposed plans will cover its car division's future products for example the new Indigo sedan, improved versions of its utility vehicles such as the Tata Sumo and Safari as well as the Indicruz crossover: an automobile that will be derived from a car platform while borrowing features from a Sports Utility Vehicle (SUV).