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Tata Motors scouts for partners to fund JLR's capital expenditure needs

JLR has already pared capex by almost a fifth in the last 12 to 18 months and may have to do more in the wake of multiple headwinds

N Chandrasekaran (left), chairman of Tata Sons, along with Guenter Butschek, CEO & MD, Tata Motors, at the 74th AGM of Tata Motors in Mumbai on Tuesday | Photo: Kamlesh Pednekar
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N Chandrasekaran (left), chairman of Tata Sons, along with Guenter Butschek, CEO & MD, Tata Motors, at the 74th AGM of Tata Motors in Mumbai on Tuesday | Photo: Kamlesh Pednekar

Shally Seth Mohile Mumbai
Jaguar Land Rover (JLR) Automotive, the UK subsidiary of Tata Motors, is looking for partners to fund its massive capital expenditure (capex) needs. 

It has already pared capex by almost a fifth in the last 12 to 18 months and may have to do more in the wake of multiple headwinds. Speaking to shareholders at the 74th annual general meeting (AGM), N Chandrasekaran, chairman, Tata Motors, said the company is weighing proposals for a tie-up.

“The only way to handle the need for capex and additional investments is through partnerships. As we want to spread investments across larger volumes, and

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First Published: Jul 30 2019 | 9:23 PM IST

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