by Anura Guruge
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Indian Tata Motors have owned the Jaguar Land Rover brand since 2008.
So, given that I can’t afford a new Jaguar I decided that I would do the next best thing — buy a few shares in Tata Motors, the 17th largest ‘car’ company in the world with revenues of US $42 billion.
Having spent a lot of time in India I am no stranger to Tata. Plus the name, an offshoot from a former acronym, is one very familiar to Sinhalese, like I, from Sri Lanka. ‘Tata’, or ‘Tatta’, means father — not that dissimilar to the yiddish word.
TTM is the U.S. ‘version’ (i.e., ADS — American Depository Stock) of the Tata shares. It, at around $30 – $32, is not that expensive — say to Apple, Amazon or NetFlix. It has taken a hit of late but that is true of most stock.
So, I now have some affinity with Jaguar — shareholder PLUS two old Jags.
That Jaguar brand is owned by an Indian company only bothers me some. India to me is still the British Raj. The largest country in our glorious British Commonwealth. So there is still British in it. It isn’t like if it was owned by a Chinese, Korean, Japanese or Kraut company. So I am OK with the Indian ownership SINCE the Jaguar Land Rover COMPANY is still in Britian.