Raju Bhinge, CEO of the Tata Strategic Management Group (TSMG), one the largest management consultants in South Asia and part of the $70.8-billion (Rs 3.25-lakh crore) Tata group, told FE in an exclusive interview that the JLR turnaround in the second quarter was mostly aided by cost reduction, since that was the only way the company could turn profitable, given the bleak market for luxury cars.


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