Tata Motors Jaguar Land Rover suffers Brexit blast; see what happened now
Fitch Ratings Wednesday placed Tata Motors' rating on 'Rating Watch Negative' on increasing risks of a disorderly Brexit impacting its profits mainstay Jaguar Land Rover Automotive.
JLR, which accounts for the majority of the company's profit generation, has a significant production bias to the UK despite a reasonable degree of geographic diversification in its sales mix, says Fitch Ratings. Image source: Reuters