- Tata Motors Ltd., the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles.
- Tata Motors’ shares fell 0.1% in Mumbai after surging as much as 7.2% earlier in the day.
- Tata Motors also appointed Shailesh Chandra, head of its electric vehicles business, as the head of the cars unit.