From left, Jaguar Managing Director, Mike O' Driscoll, Tata Group Chairman Ratan Tata, Jaguar Land Rover CEO David Smith, Land Rover Managing Director Phil Popham and Tata Mators Vice Chairman Ravi Kant pose during the India launch of Jaguar, left, and Land Rover, right in Mumbai, India, Sunday, June 28, 2009. India's Tata Motors said Friday that it suffered a loss of 25.05 billion rupees ($521.8 million) after taxes in the past fiscal year as the global meltdown exacted a toll on the auto industry worldwide. Tata had acquired  Jaguar Land Rover in June 2008. AP Photo logo AP Photo 4 months ago

From left, Jaguar Managing Director, Mike O' Driscoll, Tata Group Chairman Ratan Tata, Jaguar Land Rover CEO David Smith, Land Rover Managing Director Phil Popham and Tata Mators Vice Chairman Ravi Kant pose during the India launch of Jaguar, left, and Land Rover, right in Mumbai, India, Sunday, June 28, 2009. India's Tata Motors said Friday that it suffered a loss of 25.05 billion rupees ($521.8 million) after taxes in the past fiscal year as the global meltdown exacted a toll on the auto industry worldwide. Tata had acquired Jaguar Land Rover in June 2008.