Moneycontrol News
Tata Motors, India’s largest vehicle manufacturer, on Thursday said that it proposes to raise funds of about USD 250-500 million through external commercial borrowing (ECB).
All proceeds will be used towards refinancing a part of the principal amount of the borrower's notes as permitted under the ECB directions.
Meanwhile, Jaguar Land Rover (JLR) reported a rise of 6.1 percent in May sales to 48281 units driven by the introduction of new models including the Range Rover Velar, the Jaguar E-PACE and the new Land Rover Discovery.
While Land Rover retail sales rose 6 percent to 33,774 units during May while Jaguar sales increased by 6.6 percent to 14,507 units.
During the January-May period, JLR sales increased 1.6 percent to 188,443 units, a statement from Tata Motors said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
