Given these components, administration has avoided giving any steering for FY26 and past. Given the above headwinds, we anticipate margin stress to persist for JLR and have factored in 150bp margin decline over FY25-27E.
Even in India, each industrial automobile and passenger automobile companies are seeing moderation in demand. For lack of any triggers, we reiterate Impartial with June-27E SOTP-based goal value of Rs 631.
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our e-newsletter, and be part of our rising group at nextbusiness24.com