Tata Motors, which owns Jaguar and Land Rover, is in talks with the UK government on assistance for the luxury units as sales have plummeted.
Responding to a question on whether Tata-owned JLR was in talks with the UK government for a bailout package, Mandelson said it was too early to judge whether the state would be willing to help Jaguar Land Rover, which employs around 15,000 workers.
India and the United Kingdom have agreed on the text of a landmark civil nuclear agreement and a formal pact may be signed within a week, Britain's Business Secretary Lord Peter Mandelson announced on Thursday. "The civil nuclear deal text has been agreed to and it will be signed soon, may be within a week after ministerial approvals," Lord Mandelson told a joint press conference with Commerce Minister Anand Sharma.
Reportedly insists on no loan guarantee if the government is not allowed any say in the company's future.
Business Secretary Lord Peter Mandelson made the announcement on a visit to the Filton Bristol, plant of Airbus UK which will be making the wings for the new plane. The government assistance will create and sustain more than 1,200 jobs at Filton and at Airbus UK's Broughton plant in north Wales.
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