The revision has come basically because the ratings agency expects that JLR’s continuing large investments will keep Tata Motors’ free cash flow negative over FY19 and FY20, compared with earlier expectations of them turning positive by FY20.
"We have been working on cost-cutting, but the problem of input cost pressure is piling up and we will be taking a price increase on our passenger vehicles by August," said Tata Motors President Passenger Vehicles Business Unit Mayank Pareek.
Tata Harrier, the most premium offering in Tata Motors's product lineup, has been unveiled and is slated to go on sale in January 2019. Kia Motors has made a big announcement. The likes of Toyota and Maruti Suzuki have announced a price hike.