MUMBAI: Tata Motors Ltd, the owner of luxury car brands Jaguar Land Rover (JLR), is building a war chest that will allow it to expand its business and acquire rivals.
Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87% to 397.6 billion rupees (US$6.2bil) as of June 30 from a year earlier, according to data compiled by Bloomberg.
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