KPMG, Roland to help Tata’s

Big Consulting firms are back in action and in the limelight, it is reported that Tata Motors has hired KPMG and Roland Berger Strategy Consultants to advice on cost-cutting and cash flow management at Jaguar and Land Rover, the luxury brands it bought last year, according to media reports.

According to a report in the Daily Telegraph, the company has appointed advisers KPMG and Roland Berger Strategy Consultants to reduce cost at JLR. JLR’s UK operations suffered a combined net loss of 673 million pounds last year, accounts filed with the Companies House showed.

Tata has spent one billion dollars to keep the struggling brands afloat since the acquisition. The report said that stabilising sales in India helped the company offset a continuing slump in exports, as the global economic crisis hit its main export markets of South Africa, Turkey and Russia.

Few days back a leading global ratings agency  downgraded the credit rating of  Tata Motors, citing worries over its struggling British luxury car unit Jaguar Land Rover.

Source: Economic Times

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