Tata Motors' official statement on Jaguar-Land Rover

Tata Motors has issued an official statement denying reports related to selling a stake in Jaguar Land Rover.

Terming the latest reports as unsubstantiated, Tata Motors has stated that Jaguar Land Rover remains a key pillar of the wider Tata Group and that business remains strong despite the Covid-19 pandemic.

Official statement:

Unconfirmed and unsubstantiated reports have been published by some media alleging that Tata Motors may sell stake in Jaguar Land Rover (JLR). 

Tata Motors categorically denies and dismisses any such intent. Jaguar Land Rover is and remains a key pillar of Tata Motors and the wider Tata Group. 

We recently announced our results for Q1 and have indicated that we are maintaining solid liquidity despite the Covid-19 pandemic and expect to be cash positive from Q2 onwards.

Jaguar Land Rover business remains strong as it transitions to new electrified, autonomous and connected technologies to support its Destination Zero ambition.