Global demand uncertainty to continue to weigh on Tata Motors: Moody's

Brexit an added worry for wholly-owned subsidiary JLR

An uncertain pace of recovery in the global auto market will continue to take a toll on Tata Motors and its wholly-owned subsidiary Jaguar Land Rover (JLR) Automotive for the next 12-18 months, said Moody’s Investor Service, in a release on Friday. The agency, however, is likely to retain its ratings on Tata Motors. 

“We do not expect global auto shipments to recover to pre-pandemic levels until the middle of the decade, while further lockdowns, the transition to electric vehicles, emission compliance requirements and — for JLR — Brexit pose further downside risks,” said Tobias Wagner, Moody’s vice-president and senior credit