Daimler to hold Tata stake, may offer Mercedes-Benz parts for Jaguar

Business Materials 3 May 2008 20:58 (UTC +04:00)

Daimler may provide Mercedes-Benz parts for future British Land-Rover and Jaguar cars built by Tata Motors, the chief executive of the German multinational was quoted saying Saturday, the dpa reported.

Dieter Zetsche also said Daimler was content with the 7-per-cent stake it holds "more or less as a dormant investor" in the Indian company run by Ratan Tata and did not seek more.

He said Daimler, as a premium-car company, was not aiming to become a volume manufacturer.

"We can get along fine with the present stake," he told the magazine Auto Motor Sport. "We have an outstanding relationship with Tata. That is why their group is in charge of painting the Mercedes models we assemble in India."

Tata has acquired Land-Rover and Jaguar from Ford, which may cut off the British marques' access to Ford kits of parts.

"If Ratan Tata approaches us about supplying components, we would be open to talks," said Zetsche.