Jaguar Land Rover boss Tata Ratan says JLR is a highlight of his career
Owner of Jaguar Land Rover, Ratan Tata, is preparing to retire, saying the UK luxury car maker's recovery is a high point in his career.
Speaking to the Daily Telegraph, Tata spoke about how, when he bought Jaguar Land Rover from Ford for £1.4bn in 2008, there was "a great deal of apprehension".
In 2013, both Jaguar and Land Rover have eagerly-anticipated models entering production, in the form of the new Range Rover and Jaguar F-Type. New boss Cyrus Mistry will be hoping for these cars to continue to heighten the brand's fortunes.
Before leaving the company, however, Ratan Tata, who took over the family business Tata Sons in 1991 and grew it from an underperforming Indian company into a global brand, gave his successor some advice.
"What [Jaguar Land Rover] will need to do," he told the Telegraph, "is stand on its own as a pair of brands - and that, I think, will be its biggest challenge." Tata believes JLR is still a niche company, and will need to grow further in the future.
If the company's latest class-leading offerings are anything to go by, the brands should have little trouble achieving this, posting pre-tax profits of £1.5bn last year.