Recent issues at UK ports have no immediate impact for JLR : Tata Motors

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Biznextindia : Tata Motors on Thursday said that the recent issues at UK port do not have any immediate impact on Jaguar & Land Rover (JLR). The company has contingency plans and actions in place to respond the ongoing challenges related to COVID-19.

“Jaguar Land Rover has comprehensive contingency planning and actions in place to respond to ongoing COVID challenges and disruption. This is subject to constant review. Recent issues at UK ports have had no immediate impact for Jaguar Land Rover. Our guidance of improved growth, profitability and cash flows in second half of the year continues to hold” Tata Motors said in a statement.

JLR’s recovery from the pandemic is likely to be hampered by the new strain of COVID-19 and fresh restrictions imposed by the British government. Due to the pandemic, JLR had managed to sold only 74000 unit in the first quarter and 113,569 units in the second quarter (July-Sept).

 

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