it has spent annually in previous years.
“Conserving cash and prioritising capital expenditure, and targeting investment spending to the right areas is our focus,” Balaji told reporters, after the company posted a fourth quarter loss. We anticipate that up to 1,100 agency employees will be affected, a JLR spokesperson said in a separate statement.
Tata Motors is reviewing all its businesses and would consider exiting those that do not add strategic value, as part of a broader effort to save ₹60bn in its domestic business in the fiscal year to 2021., as coronavirus lockdowns across its markets ravaged sales, including at JLR.JLR, which contributes the bulk of Tata Motors' revenues, reported a pretax loss of
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