Tata Sees Signs Of Recovery In Auto Sector

News: Indian automaker Tata Motors' Chairman Ratan Tata has stated that the global auto sector is seeing first signs of recovery. He told shareholders at the company's annual meeting that although the acquisition of UK-based Jaguar Land Rover was labelled as too high priced, the brands will emerge as lean and cost-effective. The automaker had secured GBP175mn (US$288mn) in additional funding for the brands.

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