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Tata Motors assures UK PM May of JLR commitment: Report

Tata Motors assures UK PM May of JLR commitment: Report. Jaguar Land Rover owner Tata Motors has reportedly assured Prime Minister Theresa May of the company's commitment to Britain's automotive industry despite the ongoing turmoil of Brexit. The UK newspaper quoted sources as saying that the letter was designed to reassure ministers in Britain about its long-term commitment to the UK as it seeks government support for electric and driverless technology, and for building a battery factory in the Midlands region of England. The Tata Group had acquired the iconic British luxury car brand from Ford in 2008 for USD 2.3 billion, reviving its sagging fortunes to a profitable company employing 40,000 staff. However, falling diesel sales, waning consumer confidence, a collapse in the Chinese market and Brexit contingency planning have wreaked havoc in recent months.

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