Not that this was a universally-held opinion (I'm kinda used to that).
Tata is a massive world-wide organization. They even have several thousand employees here in Canada, mostly in IT.
But few who don't actually work for the company have any idea it even exists.
My thought was that if Tata could be successful managing two iconic brands with world-wide renown, it would help put them on the public perception map.
That part of it has worked out far better than anyone dared hope. Tata has helped Jaguar and Land Rover finance the development of brilliant new models (e.g., the Jaguar F-Type and Land Rover Evoque; I'm sure you can tell which photo is which). According to my sources, as long as the two car makers keep "hitting their numbers", Tata management leaves them alone to do what they do best.
Sales of both brands are strong everywhere.
Meanwhile, Tata's share of the automotive market in India has seldom been worse, dipping into single-digit territory. India is largely (you should pardon the expression) a small-car market, and Tata is getting its butt handed to it by Suzuki and Hyundai.
The company's much-touted "Nano" (I'm sure you can pick that one out too...) was supposed to be the cheapest new car in the world. It was intended to do for India and the rest of south-east Asia what the Model T Ford did for North America and the Volkswagen Beetle did for Germany - provide reliable transportation for the masses.
But the car has been a dismal flop. My Indian colleagues tell me the car isn't all that bad, but few new-car buyers, even first-timers, want to be known as having had to settle for "the cheapest car in the world".
But new product is always what moves the car biz, and Tata hasn't had an all-new model since 2010.
You would have to think the company is too big and too smart to allow this to go on.
Then again, we are only a few years removed from when car companies with a much larger global footprint than Tata almost went under.
Can Tata recover, with or without government assistance?
Time will tell.