Tata is said to explore options for struggling Jaguar Land Rover
5 years, 10 months ago

Tata is said to explore options for struggling Jaguar Land Rover

Live Mint  

Tata Group, India’s biggest conglomerate, is exploring strategic options for its Jaguar Land Rover Automotive Plc unit including a potential stake sale in the struggling luxury carmaker, people familiar with the matter said. The Indian conglomerate’s Mumbai-listed automotive arm, Tata Motors Ltd., currently owns 100 percent of Jaguar Land Rover. Jaguar Land Rover has hit several roadblocks in the past few months, prompting Tata Motors to write down the value of the business by 3.1 billion pounds. “With so many headwinds, JLR needs massive investments to prepare and ride the next upturn of the market.” Jaguar Land Rover said last month it was seeking alternative funding sources as conditions were not right to borrow from the bond market.

History of this topic

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