Tata thinking about selling a stake in JLR?

MANILA: Tata Motors Limited has been immersed in the glory of Jaguar Land Rover ever since the Indian automaker bought the luxury car brand. However, the times have taken a U-turn, and the automaker may end up selling a stake in JLR.

The consequences were imminent once Tata was gifted with the biggest loss in the Indian corporate history by Jaguar Land Rover. Tata is currently on the hunt of finding someone to buy a stake in the JLR wing or an automaker to produce vehicles in conjunction with the Indian manufacturer to bring the costs down, reported Bloomberg.

However, Tata might just do with a strategic partner as it is not ready to let loose its command over the JLR wing. The reason for the dip experienced by JLR is majorly the declining sales graphs, especially in China. The drift of interest from the diesel engine and supplies being affected by Brexit have also contributed equally to the problem of the Indian auto giant.

The other reasons behind the failure of JLR in China are the dominance of German brands like Mercedes-Benz and BMW in the segments JLR wanted to compete. An unsettled distribution network and overestimation of the prices of vehicles by Tata also played its part in the decline.

Also Read:- Tata thinking about selling a stake in JLR?