Sources from New Delhi
sources have stated that India’s Tata Motors Ltd said that it had
no plans to list its luxury British car brand Jaguar Land Rover after
Bloomberg reported that the automaker was considering an initial public
offering of the unit.
Meanwhile a Tata Spokesman had told that "There are no plans to list Jaguar Land Rover and there is no truth in those rumors”. Previously in the day, news agency Bloomberg had reported that Tata Group is considering an initial public offering of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4 billion.
Moreover Tata Motors has turned around Jaguar Land Rover since buying the business from Ford Motor Co., helping boost revenue more than seven fold between 2008 and 2015.
Launch of Audi Q5 Petrol Vehicle by June 28 According to report the second-generation Audi Q5 that was launched by January this year is all set to get a petrol variant, with Audi announcing the launch of the petrol Q5 on June 28. According to our sources, the petrol Q5 will be powered by a 2.0-litre turbo petrol TFSI motor, which is available on the Q5 in international markets and is also shared with the Q7 40 TFSI.
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