7 October, 2009
Jaguar Land Rover today announces a loan of £175 million sanctioned by the State Bank of India.
Jaguar Land Rover also recently added a new $90 million committed export financing facility with ABC International Bank.
Jaguar Land Rover has been in the process of enhancing its funding facilities and has been making significant progress. In aggregate, £500 million of new facilities have been completed this year, including the facilities from SBI and ABC and 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 stated: ‘We are pleased our funding plans are progressing and appreciate the confidence shown by our banking partners in our business.’