Key Points
In the March quarter (Q4FY23), Tata Motors Ltds British subsidiary, Jaguar Land Rover Automation Plc (JLR), maintained the strong momentum seen in Q3..
Easing chip supply constraints aided production, which helped push up JLRs volumes in Q4. ..
Wholesale volumes, excluding the joint venture with China, rose 24% year-on-year (y-o-y) and 19% sequentially to 94,649 units..
While JLR put up a weak show in the half-year ended September (H1FY23), the solid performance in H2FY23 led to the company surpassing FY23 volume guidance by nearly 4%..
Considering the better-than-expected volume performance from JLR in Q4, analysts at Motilal Oswal Financial Services have raised Q4 consolidated estimates for revenue, Ebitda and profit after tax by 6-27%..
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