Aided by a strong showing in China and key developed markets, JLR’s 17 per cent year-on-year (y-o-y) volume growth in June helped it to outperform its European luxury car peers.
The Street, however, is keeping a keen eye on domestic market, where the company has been struggling to sell its commercial and passenger vehicles.
It is banking heavily on its new petrol engine, to power its coming launches, the Zest sedan and Bolt hatchback.
While economic slowdown has hurt CV sales, lack of new products and poor customer perception have impacted PV sales.
From a peak of 12.1 per cent market share four years earlier and annual sales volume of 330,000 in FY12, the company’s PV market share is down to seven per cent and volumes in FY14 were at 176,000.
The Zest and Bolt launches, after a gap of six years, are expected to arrest this slide.
The two new models, according to JPMorgan, can add to 20-40 per cent to car sales. Consider the Zest sedan, expected to be launched next month.
A 10 per cent share in the 300,000 compact sedan category could add 30,000 to the
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