Car giant Jaguar Land Rover has secured a loan of £175m from the State Bank of India, the company announced today.
The firm, which employs 14,500 workers in the UK, said it had been making “significant progress” in enhancing its funding facilities.
A total of £500m has now been completed this year, including facilities secured earlier in the year from Standard Chartered Bank, Bank of Baroda, and Burdale Financial Limited, a subsidiary of the Bank of Ireland.
Jaguar Land Rover chief financial officer Kenneth Gregor said: “We are pleased our funding plans are progressing and appreciate the confidence shown by our banking partners in our business.”
