Jaguar LandRover - comment

The lead story in the FT this morning refers to the dilemmas of the UK government and whether to support Tata Motors in its decision to build a new battery factory in Europe. The parent of Jaguar LandRover is deciding between a factory in England or Spain depending on the financial support offered by the relevant government authorities.

This is a secondary credit concern to Jaguar LandRover but it will be interesting to see how much financial support Tata Group obtain in the forms of grants, research assistance and support packages given the cost of battery production versus overall car production, the site of the new battery manufacturing site will impact overall OEM production in the UK.