Mumbai, June 19 -- Tata Motors Ltd on Monday said its luxury car unit Jaguar Land Rover (JLR) is seeing green shoots of sales recovery in China, one of its top three global markets, even as the company announced plans to cut costs after posting a consolidated loss of '9,894 crore for the March quarter.
While the demand scenario remains challenging, there are early signs of a revival in key JLR markets such as the US, Europe and China, said P.B. Balaji, chief financial officer at Tata Motors. JLR said May sales rose 4% to 8,068 units from a year ago in China, where the economy has gradually opened after months of restrictions aimed at curbing the coronavirus pandemic.
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