As it turns out, the huge explosions that completely destroyed China’s Tianjin port on August 12th wrecked around 5,800 Jaguar Land Rover vehicles worth a total of $379 million USD, Quartz India reports.
The massive blasts were reportedly triggered by explosive chemicals that had been stored illegally and caught fire inside a shipping container, setting off a chain reaction that killed 44 people and left hundreds injured, according to the same website.
Jaguar Land Rover, which is owned by Indian automaker Tata Motors, reported the loss on November 6th. This could partly explain why it was down $65 million USD during July-September 2015 compared to the same quarter in 2014.
There will be some payouts from insurance companies; however, Tata Motors said that the exact amount is still being assessed.
The following video shows the explosions and the shocking aftermath: