Tata Motors expects to over achieve 2020 sales target
Tata Motors Limited on Thursday issued a statement on the Bombay stock exchange saying that the recent issues at UK ports due to fears of a new strain of COVID-19 have no immediate impact on the operations and guidance for its subsidiary Jaguar Land Rover.
Reassuring its stakeholders, the company said that it sees no such impact for the time being.
The company said: 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.