Tata Motors gathers momentum on bourses with improving JLR business

JLR expects free cash flow (FCF) to reach over 800 million pounds for the March 2023 quarter. For FY23, FCF is estimated to be over 500 million pounds implying cash outflow in the earlier quarters of the fiscal year. The FY23 FCF will be the highest in seven years. It is also significantly higher than JLR’s earlier guidance of breaking even on the FCF front.

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