BUSINESS INFORMATION - Manufacturer Jaguar Land Rover said on Wednesday, has received a loan 175 million pounds (189 million euros, 278 million U.S. dollars) from the State Bank of India.
"Jaguar Land Rover today announced a 175 million pound loan from the State Bank of India," the group said in a statement.
India's point, adding that it has secured a total of 500 million pounds loan this year.
"We are very pleased our funding plan developed and valued confidence shown by our banking partners in our business," said chief financial officer Kenneth Gregor point.
India's Tata Motors bought Jaguar Land Rover 2.3 billion dollars last year, but the difficulties in the global automobile sector decline.
During the last year, has cut point of production, reduce 2500 jobs, freeze bonus payments and canceled in response to the economic crisis.
The company last month said the UK would close factories for decades as part of a broader restructuring.
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