Jaguar Land Rover Sales Slowdown Worries Investors
Tata Motors’ shares dropped by 5% on September 11, driven by concerns over its luxury arm, Jaguar Land Rover (JLR). UBS Securities maintained its “sell” recommendation, warning of a 20% potential downside due to weaker margins in JLR and domestic passenger vehicles. The brokerage highlighted that demand for JLR’s premium models like Defender and Range Rover has slowed, with the order book returning to pre-COVID levels. Investors may face further challenges if discounts on these luxury cars increase.