Jaguar Land Rover forecasts third-quarter free cash flow above $485 million

BENGALURU, Jan 9 (Reuters) – Jaguar Land Rover (JLR) on Monday forecast free cash flow for the third quarter at more than 400 million pounds ($485 million), after reporting a 15% rise in wholesale volumes for the period on strong demand and improved chip supply.The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal year 2023 and “near breakeven” for the full year.Tata Motors (TAMO.NS), which acquired JLR in 2008, had earlier set a target of 1 billion pounds of free cash flow for the fiscal year.Meanwhile, December quarter wholesales – …
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