Global brokerage says sales will be driven by slew of products with far more market potential and improved pricing
"This will be driven by a slew of products with far more market potential and improved pricing than anticipated earlier. We therefore raise our profit estimates by 15-25 per cent over FY14-15," says BofA Merrill Lynch analysts in a note to clients.
"JLR has chalked out an extensive investment plan spanning next five years towards product development, expansion of existing facilities, and new projects (engines, assembly units). We expect 11.3% volume CAGR over FY13-15E, which is about 2x global car industry estimates," BoA ML said.
After they together paid Rs 12 lakh to settle charges related to alleged delay in amending insider trading norms