JLR posts 62 m loss

 Tata Motors, JLR’s owner, said year-on-year sales at UK business fell by 52 per cent in the three months to June 30, 2009.

Tata Motors Vice Chairman Ravi Kant said he was confident about long-term future of the company.

“I have no doubt JLR will be a very profitable company when the market starts to revive,” he added.

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