JLR SEEKS COVID SUPPORT PACKAGE FROM UK GOVT

LONDON: Tata Motors’ owned Jaguar Land Rover (JLR) is said to be in talks with the UK government for an estimated £1 billion support package to tide through the coronavirus pandemic. Britain’s largest carmaker has submitted a large bespoke loan package request to ministers in recent weeks, Sky News reported. The request is understood to be for temporary state funding, with the loan request lodged with the UK’s Department for Business, Energy and Industrial Strategy (BEIS), headed by Indian-origin minister Alok Sharma.