JLR puts Tata Motors in slow lane3 min read 10 Nov 2022, 11:40 PM IST
Demand for JLR products is strong, but paltry sequential rise in the order book disappoints.
A slower-than-expected volume ramp up in Jaguar Land Rover Automotive PLC (JLR), Tata Motors Ltd’s UK-based subsidiary, is a damper for investors in the company’s shares. In the September quarter (Q2FY23), the shortage of chips restricted JLR’s ability to meet wholesale volume guidance, excluding the joint venture with China, of 90,000 units. JLR sold just 75,307 units in Q2.
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