This week in Auto: Vehicle scrapping policy in final leg; Should the government not interfere in technology development? Here is the complete look at all the major headlines from the automotive sector.
Tata Sons in strong financial position, says N Chandrasekaran Chandrasekaran said Tata Group companies, like all others, are facing both challenges and opportunities arising out of the Covid-19 pandemic and resulting economic situation, given the markets they operate in. “All our group companies are progressing well, responding to these challenges and opportunities, and we are confident they will emerge stronger."
Jaguar Land Rover raises $705 million loan from Chinese banks Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.