Tata Motors Group CFO C. Ramakrishnan said the capex and product development will be in the region of about £3.75 billion for JLR this fiscal. New Delhi: Tata Motors expects its British arm Jaguar Land Rover (JLR) to benefit from post-Brexit weak pound in the long term despite getting a heavy hit in the first quarter of this fiscal due to adverse foreign exchange. Therefore, if you take a combination of these, JLR over a time would benefit from a continued weaker pound as a result of the Brexit,” Tata Motors Group CFO C. Ramakrishnan told analysts. On the implications of Brexit on JLR, Ramakrishnan said it will have two or three major implications. On the investments for this fiscal, Ramakrishnan said the capex and product development will be in the region of about £3.75 billion for JLR.

Source: Mint September 04, 2016 07:41 UTC