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Tata Motors denies plans to sell stake in JLR

By Niranjan Mudholkar,

Added 17 August 2020

Issues media clarification

Reacting to unconfirmed and unsubstantiated reports published by some media alleging that Tata Motors may sell stake in Jaguar Land Rover (JLR), Tata Motors has categorically denied and dismissed any such intent. Jaguar Land Rover is and remains a key pillar of Tata Motors and the wider Tata Group, a media statement said.
The statement also added: "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."
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