The operating margin before depreciation and amortisation (EBITDA margin) of JLR dropped by 620 basis points sequentially to 6.3 per cent because of lower sales volume, lower production of superior margin products, volume reduction in the Chinese market and higher input costs.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.