TATAs JLR may break even by FY11
Wednesday, 19 Aug 2009
Fuelled by improved volumes and expected recovery in the global economy, TATAs owned Jaguar Land Rover is expected to break even by financial year 2011.
Brokerage firm IDFC SSKI in a report said that further a break even scenario for the luxury car maker could substantially boost the earnings of its parent TATA Motors.
The brokerage firm said that “We expect a recovery in JLR volumes by FY11, led by the anticipated recovery in the global economy as well as new model launches. We believe the twin effect of volume-recovery and aggressive cost cutting measures would likely lead to break even for JLR by FY11.”
(Sourced from Business Standards)
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