Tata Motors Ltd., the parent of Jaguar Land Rover, expects several factors to hurt the improving demand in the ongoing financial year.
One of the key challenges is the stringent lockdown in China, as the country seeks to enforce its Covid-Zero policy. It is likely to cause supply disruption and hurt Tata Motors' ability to cater to the demand generated.
“Covid-19 in China has impacted the immediate quarter (for JLR),” PB Balaji, group chief financial officer at Tata Motors, told BQ Prime in an interview.
In the domestic market, while the company is seeing robust demand in both commercial vehicle and passenger vehicle segments, Balaji cautioned that rising inflation, fuel prices, and interest rates need to be closely monitored.
On the chip supply front, Balaji said the “worst is behind us” and the situation should improve sequentially.
"We are hoping that there are no further shocks. Because if we leave it to its course, we should see gradual improvement."
Watch the full interview here:
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