Jaguar and Land Rover, who owned the Tata Inner company, said they lost their loss. regarded as the largest in the history of the Tata case in India. The data is for the last four months of last year, and the estimated estimates are $ 3.8 billion.
The sum is higher than half of the company's market provision, estimated at $ 6.1 billion. In addition, losses are considered to be the greatest for the overall history of the Indian companies. Tata Motors' financial difficulties are complex.
They are due to a sharp decline in sales on the Chinese market, as well as the Jaguar Land Rover (JLR) problems related to Brexit, as well as the demand that it has; drop for diesel cars in Europe. The Indians said they would be making major changes that are related to cost cuts and more participation in production.