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Tata to pump £670m into Jaguar Land Rover

December 27th, 2008
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Tata, the Indian-based company that owns Jaguar Land Rover, may have to pump at least £670 million into the ailing car brands to revive them, and is looking at ways to raise the cash.

The sum is far higher than the ‘tens of millions’ Tata had recently suggested might be enough. The cash would also be in addition to any financial aid Jaguar Land Rover may receive from the UK Government, which is now unlikely until the New Year.

Tata is also thought to be examining whether it can enlist the help of its financial services business, Tata Capital.

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