Tata Motors' JLR seeks Covid-19 support package from UK govt: Report

The UK's Treasury department plans to set up a bad bank or asset resolution fund to hold stakes in companies that it may end up part-owning

Tata Motors owned Jaguar Land Rover (JLR) is in talks with the UK government for an estimated one-billion pounds support package to tide through the coronavirus pandemic, according to British media reports.

Britain's largest carmaker has submitted a large bespoke loan package request to ministers in recent weeks, 'Sky News' reported.

The request is understood to be for temporary state funding, with the loan request lodged with the UK's Department for Business, Energy and Industrial Strategy (BEIS), which is headed by Indian-origin minister Alok Sharma.

Jaguar Land Rover [is] constantly in discussion with government on a whole range of