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January 18, 2013Issue 30
Ratan N. Tata Retires; Cyrus P. Mistry Assumes Chairmanship

Ratan N Tata Ratan N. Tata, the 5th Chairman of Tata Sons, retired on December 28, 2012, after 21 years at the helm of the Tata Group and 50 years with the Group. 


Under the leadership of Mr. Tata, the Tata Group's revenues rose from $5.8bn to over $100bn with 58% of revenues coming from business outside India. Mr. Tata's tenure as Chairman of Tata Sons is marked by high-profile acquisitions such as Tata Tea's takeover of U.K. brand Tetley, Tata Steel's acquisition of Corus, and Tata Motors' acquisition of British luxury vehicle maker Jaguar Land Rover from Ford Motor Co., among others. This also includes his vision for a small affordable family car to provide a safe mode of transportation for families, the Tata Nano.


Cyrus P Mistry

Cyrus P. Mistry (44) is the new chairman of Tata Sons. Additionally, Mr. Mistry, like Mr. Tata is also chairman of all major Tata companies including Tata Industries, Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Teleservices, Indian Hotels, Tata Global Beverages and Tata Chemicals.

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Jaguar Land Rover Announced Record Global Sales

Jaguar Land Rover announced at the Detroit Auto Show its best ever global sales performance with retail sales up 30% following strong market performances from the UK, China and the U.S.


In 2012, Land Rover delivered a very strong performance in its 177 markets with retail sales up 36% globally. The brand's top five markets were China, the UK, United States, Russia and Italy which accounted for 65% of sales alone. Notable product performances were delivered by the Range Rover Evoque with 108,598 vehicles sold in its first full year of sales - more than any other previous Land Rover model. Land Rover has also seen strong performances from its Land Rover Discovery 4/LR4 (up 3%), Range Rover Sport (up 4%) and first deliveries of the all-new Range Rover have now commenced.


Jaguar's sales for the year were up 6% compared to 2011. The launch of the XF 2.2 Diesel, XF and XJ 3.0 litre powertrains and the introduction of various new derivatives including the XF Sportbrake has widened the brand's portfolio and geographic reach. The brand's top five markets were the UK, United States, China, Germany and Russia which combined equated to 71% of sales for the year. The XF continues to do very well with sales globally up 13% and the introduction of the new XJ and XF All Wheel Drive have been well received internationally, particularly in the U.S. Read more.

Arvind Goel Speaks on The Future of Manufacturing at CSIS

Emerging Indian Economy Signature Speaker Series: The Future of Manufacturing
Emerging Indian Economy Signature Speaker Series:
The Future of Manufacturing

On December 12, Arvind Goel, President and Head Business Group of Tata Autocomp Systems Ltd (TACO), participated in the Center for Strategic and International Studies' Emerging Indian Economy Signature Speaker Series. Mr. Goel addressed India's push to expand manufacturing as a part of its overall GDP, how Indian states are trying to attract automotive manufacturing operations, and how American and Indian companies are working together to fulfill the demands of India's growing appetite for vehicles. Watch the full discussion by clicking the video.

Tetley Celebrates 175th Anniversary With Tea Donation to 175 US Food Banks

Food bank employees in Tennessee with donated Tetley Tea

The first anniversary is paper, the 50th is gold, and as they reach their 175th anniversary, Tetley USA, the quintessential British tea brand, is declaring it the "tea" anniversary.


To celebrate, the brand donated supplies of tea to 175 food banks throughout the country through Feeding America, the nation's leading domestic hunger-relief charity. More than 10,000 boxes of Tetley® tea were delivered to food banks from coast to coast - providing more than 500,000 cups of tea for those in need this winter. 


"Tetley has been fortunate to have such a long and rich history and we're proud to give something back to folks who are experiencing hard times," said Marc Birnbaum, Marketing Executive at Tetley USA. "We are hopeful that our donation will help bring some comfort and warmth to families across the country." Read more.


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