Tata Motors, JLR plan to develop vehicles

“Initiatives have been taken on joint development programmes for engines, vehicles and platforms, which would leverage skills of the company (Tata Motors) and Jaguar Land Rover — resulting in synergies in operations of the company and its subsidiary,” Tata Motors said.

The company informed its shareholders about the development, and sought their approval for raising up to Rs 4,700 crore in long-term funds.

Tata Motors, however, did not elaborate on the various programmes that have been initiated with Jaguar Land Rover (JLR) and other subsidiaries. “These would yield substantial savings in the operations of the company and its subsidiaries,” it said.