In securing a £340 million ($510 million) loan from the European Investment Bank, Tata Motors Ltd. has taken a significant step toward its goal of developing electrified powertrains for its Jaguar Land Rover subsidiary. The 8-year amortizing loan, approved by the EIB in February, will be used to finance the development of “micro- and full-hybrid drivetrains and research into more energy-efficient car bodies for the premium-car segment” where Jaguar Land Rover compete, Tata says in a ...
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