Hyperdrive
JLR Owner Sees India Demand Revival by June, Watching US Tariffs
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Jaguar Land Rover’s Indian owner is seeing consumption demand reviving in the world’s most populous nation by end of June after the Narendra Modi-led government doled out $11.5 billion in tax cuts for the middle class.
The tax changes will be implemented from April 1 and “people will see more money in their pockets,” P B Balaji, group chief finance officer at Tata Motors Ltd. said in an interview with Bloomberg Television, adding that a spurt in consumer demand should be visible in the April to June quarter after several months weakness.