 "JLR's UK and Europe sales dropped 12 per cent and 5.3 per cent, respectively, in 2017-18, against a year ago")
The road ahead for Jaguar Land Rover Automotive, the UK subsidiary of Tata Motors, looks uncertain and tougher, as regulatory changes and macro-economic headwinds in Europe, one of the company’s biggest markets, take toll on its volumes.
Analysts expect margins at the firm to remain under pressure as discounts climb and high taxation on diesel cars weigh on volumes at least for another year till clarity on Britain's exit from Europe emerge, and model launches start paying off.
The impact of macro-economic uncertainties in the UK have been a lot more pronounced for JLR compared to its German rivals Mercedes
