InvestorQ : What is the latest on the bailout talks that the Tata Group has been having with the UK government on the JLR and Tata Steel front?
Neelam Naik made post

What is the latest on the bailout talks that the Tata Group has been having with the UK government on the JLR and Tata Steel front?

Answer
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Anu Biswas answered.
2 months ago


According to a report in the Financial Times, UK, it has been confirmed that the talks that the British government was having on the bailout of Jaguar Land Rover and Tata Steel had broken off. Both companies are part of the Tata group of India, the largest employer in UK.

Apparently, the UK government concluded the Tata group was sufficiently financed and hence it did not qualify for taxpayer support. JLR was not too pleased with the stringent conditions tied to lending by the UK government , including de-carbonization for EVs.

However, the Tata group has not entirely given up. It remains in talks with the government of UK on other areas of possible support for the group which could include tax breaks extending to state loans in the case of Tata Steel. Steel is already under pressure.