 "The condition for Tata Motors-owned JLR is also alarming as the British subsidiary has already lost one billion pounds in the first six months of calendar 2020")
This report has been updated to incorporate a subsequent development
With Tata Group’s talks with the British government on a financial rescue package failing, the conglomerate has to look for a strategic partner for Jaguar Land Rover (JLR) and sell its UK steel plant lock, stock, and barrel. A former director of Tata Steel and Tata Motors said with the European operations of both companies bleeding the finances of their parent companies, the group would have to come up with a solution soon.
With Tata Group’s talks with the British government on a financial rescue package failing, the conglomerate has to look for a strategic partner for Jaguar Land Rover (JLR) and sell its UK steel plant lock, stock, and barrel. A former director of Tata Steel and Tata Motors said with the European operations of both companies bleeding the finances of their parent companies, the group would have to come up with a solution soon.
“I will not rule out a stake sale in JLR and selling the UK steel operations. Talks
