Power crisis to lead to disruption in Tata Motors' foreign operationsTATAMOTORS - 711 Change: 13.45 (1.93 %)
News: As per media sources, China is suffering from power crisis and auto companies have been forced to shut down factories due to shortage of electricity. According to reports various companies like Volkswagen, Toyota Motors, CATL, etc, have ben forced to shut down their production plant.
View: JLR forms a major chunk of the company's annual sales and is an important part of the company. This may be marginally negative for Jaguar Land rover as the company already witnessed muted operation in Q1FY23 due to lockdown in China while further such temporary shutdowns can likely affect the company's quarterly wholesale volume for Q2FY23.