Short-term strategies
In 2008, Tata Motors purchased two world car brands- Jaguar and Land Rover from Ford Motors for US$2.3 billion and started to make JLR to be the main business of Tata Motors(Richard, L, 2009). As JLR is one of the most famous brands in the world, the investment made by Tata Motors gained both advanced products and high reputation all over the world. In 2008, there was one car called “Nano” to be produced by Tata Motors, which only costs US$2000. This product turned to be the main products to large and low-price car market both in India and other developing countries. Obviously, Tata Motors’ targeting market is mainly low-price markets in developing countries because in these markets, customers do not have plenty of money and they only afford low price products. Many companies ignore these markets because they may think it is difficult to gain a lot profit from these markets, so Tata Motors decided to target these markets and provided low price cars that customers can afford.