Lower sales volume to weigh on the performance of Tata Motors stock
JLR expects a sales volume of 1,60,000 units (excluding China JV) in the second half of the current fiscal year. In the first half of the year, JLR had a sales volume of 147,000 units, implying an expected full-year volume of 310,000 units. This is 40,000-50,000 units lower than the consensus volume forecast reflecting a foregone revenue of around 3 billion pound based on the average selling price of JLR cars.
