 "Here is why CLSA expects Tata Motors' stock to outperform going ahead")
One of the pressing concerns with Tata Motors has been the slowdown in Jaguar Land Rover sales. However, global brokerage CLSA believes easing chip supply, going ahead, could be a key catalyst for volume growth for JLR, which, in-turn, will support Tata Motors’ stock.
JLR’s retail sales declined by 36 per cent to 79,008 units in the fourth quarter of 2021-22 fiscal (Q4FY22) as compared with the same period last year.
Jaguar sales for the period under review stood at 14,574 units, down 38 per cent from the year-ago period. Land Rover retail sales declined year-on-year by 36 per cent
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