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Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

Topics
Bond markets | Tata Motors | Jaguar Land Rover

Krishna Kant & Dev Chatterjee  |  Mumbai 

jaguar land rover
Analysts say if the JLR is forced to borrow at its current bond yield, its operations will be uncompetitive compared to its peers

The bond market is signalling a rocky road ahead for both and its British subsidiary, (JLR), as they struggle with sales. The yield on JLR bonds has more than doubled since the pandemic blew out of proportion in early March and is refusing to cool down.

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First Published: Wed, May 27 2020. 21:25 IST