• Thursday, April 25, 2024

Business

Tata Motors denies speculation over Jaguar Land Rover sale

“Against the backdrop of the Covid-19 pandemic, the company has taken the difficult decision to reduce the number of contract-agency employees in its manufacturing plants over the coming months,” said Tata-owned JLR in a statement. (Photo: SAJJAD HUSSAIN/AFP/Getty Images).

By: Radhakrishna N S

INDIA’S Tata Motors said on today (9) that there was no truth to a report saying a sale of Jaguar Land Rover to French automotive group PSA could be imminent.

The Press Association said leaked information suggested a sale could be imminent, citing a “post-sale integration document”, which outlines the benefits of the two companies joining forces.

“As a matter of policy, we do not comment on media speculation. But we can confirm there is no truth to these rumours,” a Tata Motors spokesperson said.

(Reuters)

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