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Monday August 31, 04:40 PM
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Tata Motors expects to tie up funds for JLR
MUMBAI (Reuters) - Tata Motors (TATAMOTORS.BO : 634.85 -8.85
), India's top vehicle maker, is looking to tie-up working capital funds for its Jaguar Land Rover unit in the next few weeks, a top official said on Monday.
"We have already tied up some funds from four banks. Discussions are on with some others. We hope this will be completed in the next few weeks ," Vice Chairman Ravi Kant told reporters.
Earlier on Monday, the company, which controls about 60 percent of the world's fifth-biggest truck and bus market, reported a 3.29 billion rupees ($67.4 million) consolidated loss for April-June.
