"India's premium car market is small but with a huge potential," said Land Rover Managing Director Phil Popham. Tata Motors on Friday posted its first consolidated full-year net loss in eight years at 25 billion rupees (520 million dollars), partly blamed on a slump in sales at Jaguar Land Rover, which it bought from Ford last year. Jaguar Land Rover global sales dropped nearly a third in the 10 months to the end of March to 167,000 vehicles from 246,000 the previous year. That prompted the company to say it would not rule out further job losses and plant closures in Britain, where the cars are produced. Jaguar Land Rover chief executive David Smith told reporters the British workforce were "realistic" about the possibility. "If the market dictates, future jobs and plant shutdowns cannot be ruled out" if the economic situation deteriorates, he added.