Tata Motors to forge partnerships to keep JLR alive | Editorji
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Tata Motors to forge partnerships to keep JLR alive

Jul 31, 2019 19:21 IST

Tata Motors said director N Chandrasekharan says his firm is looking to forge partnerships for Jaguar and Land Rover to reduce the financial burden as it is facing the heat of sales slowdown in China. Chandrasekharan, who was re-appointed as director of the parent automaker, said that the company is evaluating proposals as it cannot afford to shut shop as the business demands continuous investments for research and development. Chandrasekharan added that the looming uncertainty of Brexit is hurting its JLR business the most. Tata Motors reported its largest ever loss in the December quarter worth ₹26,961 crore due to Jaguar's asset impairment charges of £3.1 billion. The automaker also suffered a loss of ₹1,862 crore in the March quarter and ₹3,679 crore in June quarter consecutively. 

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