Tata Motors gains pace thanks to margin & volume growth
Business

Tata Motors gains pace thanks to margin & volume growth

By Dan Neff

Synopsis

The company’s UK subsidiary, Jaguar Land Rover (JLR), whose production volume has suffered due to the shortage of chip supplies, is showing signs of recuperation and is expected to recover sequentially in the next few quarters. JLR has maintained its guidance of more than 80,000 units of sales volume for the last quarter of this financial year and total volume of 310,000 units for the full fiscal.

ET Intelligence Group: Tata Motors saw a turnaround in earnings on a consolidated basis in the third quarter of this financial year after a long hiatus, with improvement in key operating metrics across verticals. A sustained improvement in financial performance may stem the company stock’s underperformance, with the benchmark indices supported by the earnings upgrade driven momentum. The stock has trailed the Nifty 50 by 18% in the past one

BY

ET Bureau

4 mins read, Last Updated:

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Dan Neff