Tata's JLR eyes UK taxi firm: Report

Tata Motors-owned Jaguar Land Rover is likely to bid for London-based taxi firm Addison Lee, the Sunday Telegraph reports. Addison Lee’s owner, private equity firm Carlyle Group, is seeking pound 300-500 million through the sale. A potential deal would add JLR to the growing list of firms betting on shared mobility and driverless technology. The two companies have been working together to develop a fleet of six autonomous Land Rover models. JLR could also use the purchase to compensate for huge losses and a slump in demand in China.

The Tata Motors Group global wholesales in March 2019, including Jaguar Land Rover, were at 1,45,459 nos., lower by 5%, as compared to March 2018.

Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range in March 2019 were at 57,163 nos., higher by 1%, over March 2018.

Global wholesales of all passenger vehicles in March 2019 were at 88,314 nos., lower by 9%, compared to March 2018.

Global wholesales for Jaguar Land Rover were 70,171 vehicles (*JLR number for March 2019 includes CJLR volumes of 4,812 units). Jaguar wholesales for the month were 20,985 vehicles, while Land Rover wholesales for the month were 49,186 vehicles.