We see a sharp rebound in the second half of FY22: JLR on investor call

Assurance comes a day after the company's stocks slumped by more than 10% following profit warnings over scarcity of semiconductors

A day after the company's stocks slumped following profit warnings by Jaguar Land Rover, the company assured the investors that it sees a strong rebound in overall volumes and cash flow in the second half of the year. The company stayed clear of giving any fresh guidance FY22 but said it doesn’t see a sharp rebound for Q3 which may in turn impact the overall revenues. Meanwhile it doesn’t plan to delay capex and the 2.5 billion pound guidance it gave earlier, remains unchanged.

“We see the cash flows improving significantly in the second half of the year. “Production will be