Tata Motors Ltd’s (TaMo’s) British subsidiary Jaguar Land Rover Automotive Plc (JLR) has come a long way – from failing to meet the margin target in FY23 to raising guidance in FY24. Recall that JLR clocked an Ebit (earnings before interest and tax) margin of 2.4% in FY23, lower than the 5% it had guided for when the year began. For FY24, it raised its Ebit margin target to 8% from 6% plus earlier.
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