I saw this issue mainly with Harrier Cars where their infotainment systems have lots of bugs, body panels are not fit properly on the cars, the bonet of the car doesn’t properly align during closing and many more issue. These are mainly because of improper quality checks and issues with production line. Many customers bring their cars to the dealership after 10-15 days after delivery and the dealer are facing lots of troubles due to these issues. Some issues they fix it but issues like body pannel allignment it is really tough for them. As you can see from one of the old thread that how much Tata’s spend in warranty compared to other brands. But this issue is associated to Tata Motor and not on JLR. But for valuation perspective if you want a apple to apple comparison then I see value in Benz and BMW which are the trading at 4-5 PE and a dividend Yield of 7-8%.
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