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Tata Motors scouts for partnerships in JLR to address capex issues

Updated : July 31, 2019 07:34 AM IST

Chairman N Chandrasekaran clarified that the company is meeting “multiple players” to hold discussions for partnerships with JLR, and that it will explore all options that are in the interest of the company.
The chairman cited the slowdown in China and supply chain uncertainties due to Brexit as the main external factors behind JLR’s misfortunes.
Recognising that market conditions in India are currently tough, Chandrasekaran said that Tata Motors has its operating performance despite the slowdown in demand.
Tata Motors scouts for partnerships in JLR to address capex issues

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