London- According to reports, Jaguar is trying to get to the government aid package. This step is to make up for the collapse in the car sales due to the Coronavirus break out and pandemic condition. It is meeting with people familiar with such programs and trying to get a loan of 1 billion pounds. They are going for this through the British government ‘s emergency lending program.
Jaguar Land Rover is also trying to cover tax breaks, research grants, and other subsidies provided by the state. They are aiming to get a total aid of 2 billion from the state services. There is no confirmed news on the figures and we assume that they are still discussing the same. Temporary, the jaguar Landrover is asking for a 1 billion pound aid of well over. Though a person from the company said that the figures above 2 billion pounds are inaccurate and speculative.
They denied any specific data, stating that it is a regular discussion for them with the government over a whole range of matters. Jaguar Land Rover is owned by India’s Tata Motors since 2008 after they got it from Ford Motor. The Jaguar is still an emblem for Britain’s car making history and employs 38,000 people. It goes on to produce a Jaguar sports car and Land Rover SUVs.
Jaguar Land Rover is an important flagship for the Tata Empire, and According to an Analysis of CLSA this month, they consider Tata Motors worth equals nothing without the Jaguar Land Rover.
Still, we shall see how the demands are for Luxury cars amid the global recession.