Fuelled by improved volumes and expected recovery in the global economy, TATAs owned Jaguar Land Rover is expected to break even by financial year 2011.
Brokerage firm IDFC SSKI in a report said that further a break even scenario for the luxury car maker could substantially boost the earnings of its parent TATA Motors.
The brokerage firm said that “We expect a recovery in JLR volumes by FY11, led by the anticipated recovery in the global economy as well as new model launches. We believe the twin effect of volume-recovery and aggressive cost cutting measures would likely lead to break even for JLR by FY11.”
