The Tata group will soon divest its stake in luxury car company Jaguar-Land Rover (JLR). It has started talks with German carmaker BMW and Chinese company Jili to sell the stake. Significantly, the Tata group continues to incur losses in UK-based Jaguar and Land Rover (JLR). According to sources, the Tata group wants to reduce the expenses of these two companies.

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Along with this, due to heavy investment in electric vehicles, it is doing so. However, talks are still in the initial stage, which may take time to decide. Jilly has said that there has been no discussion about this with Tata or JLR.

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The point to note is that Jaguar Land Rover's losses have grown to £ 395 million (Rs 34 billion) in the first quarter of this year. The company has also shown an exit route to 4500 JLR employees across the globe to reduce expenses. The company invested around £ 2.5 billion in JLR this year. The company has said that this large loss will affect its earnings this financial year and could be negative.

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The company, owned by Tata Motors, employs more than 40,000 people in the UK. The Tata group incurred a loss of Rs 2789 lakh crore ($ 390 million) from operating both these companies. If the Chinese company is in agreement then JLR is likely to benefit. If negotiations with BMW are successful, then the company will have ease of developing engines and manufacturing electric vehicles.