Indian automobile company and owner of Jaguar Land Rover, Tata Motors is reportedly planning to cut 1,100 temporary jobs as it moves ahead with cost-cutting measures as the coronavirus pandemic hits at the company’s revenues. Tata Motor’s Chief Financial Officer PB Balaji recently said that Tata Motors expects to save 5 billion pounds in costs…
Tag: Tata Motors China Buisness
Tata Motors releases statement on impact of the Coronavirus on its business
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•Statement on Coronavirus Demand: Jaguar Land Rover sales in China grew on average about 25% year on year for the 6 months from July through December 2019 and we continued to see strong growth for the first 3 weeks of January. The coronavirus has significantly impacted China sales with February retails down around 85% vs…