The Tata Motors demerger becomes effective on October 1. As the company is looking to optimise business synergies, analysts are worried about the performance of Jaguar and Land Rover (JLR) in the near term. Several brokerage houses have downgraded ratings on the stock due to muted growth prospects.

Nuvama on Tata Motors: JLR still slacks

The GST rate cuts may help improve the growth outlook for the Indian passenger vehicles (PV) and commercial vehicles (CV) , but Nuvama Institutional Equities raised concerns about the outlook for JLR. The brokerage house sees the near-term challenges for the business across Europe, China, and the US. JLR will be resuming production in a phased manner after the recent cyberattack.

The silver lining, according to Nuvama, is Tata Motors’ PV busi

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