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Siddharth Shriram had led the Usha Internartional group in forming two JVs with the Japanese carmaker.

Honda Cars India (Former) Founding Chairman - Siddharth Shriram No More

The rise followed other signs of a gradual recovery in Britain's economy after its historic 25 per cent contraction in March and April. House prices and manufacturing have risen although jobs cuts are mounting in the retail sector.

UK New Car Sales Rise For First Time In 2020 As Dealerships Reopen

India's Tata Motors Ltd warned that its luxury car unit, Jaguar Land Rover (JLR), may post another quarterly loss as the coronavirus crisis saps demand and cripples its supply chain. The pandemic has taken a heavy toll on automakers globally and piled pressure on Tata Motors, which has been trying to improve JLR's cash flows by reining in costs after geopolitical and regulatory challenges hurt the British carmaker's sales. Tata Motors raised its cost savings target for JLR by 1 billion pounds ($1.31 billion) and now expects to save 6 billion pounds in costs by March 2021, Chief Financial Officer PB Balaji said on Friday, noting that it had already achieved savings of 4.7 billion pounds.

Tata Warns Of Another Loss At JLR As Demand Slow To Pick Up

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