India's Tata Motors yesterday said it had secured private funding for its Jaguar and Land Rover marques, ending state aid talks with the UK government.
Shares in India's biggest vehicles maker jumped 6.81 per cent on the Bombay Stock Exchange following the news, in a clear sign that investors feel the worst is over for the carmaker. Analysts say, however, that Tata Motors still faces significant challenges to boost JLR's falling sales.
“With the positive trend in the external environment in financial markets and improvement in general liquidity, these arrangements have been and are expected to be concluded without necessitating guarantees from the UK government,” Tata Motors said.
您已閱讀39%（687字），剩餘61%（1093字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。