Deals
Jaguar Land Rover's Owner Boosts Cash Hoard by 87% to Expand
A Land Rover Discovery sports utility vehicle at the IAA Frankfurt Motor Show in Frankfurt, Germany, on Tuesday, Sept. 12, 2017.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Tata Motors Ltd., the owner of luxury car brands Jaguar Land Rover, is building a war chest that will allow it to expand its business and acquire rivals.
Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87 percent to 397.6 billion rupees ($6.2 billion) as of June 30 from a year earlier, according to data compiled by Bloomberg. Reliance Industries Ltd., India’s biggest company by market value, had 721 billion rupees in cash in the period. The most among the nation’s companies.