Tata Motors can make a fast u-turn on JLR orders, India rebound
The truck business has recorded market share gains in all segments and the EBIT margin is just short of break-even level. With better control on costs, the Tata Motor CV segment is doing better on margin compared with its peers.
Synopsis
Tata Motors hasn't exactly met Street expectations in the second quarter, but a gradual improvement in chip shortage at its UK subsidiary in the second half of FY22 and sustained improvement at home should maintain stock buoyancy.
ET Intelligence Group: Tata Motors hasn't exactly met Street expectations in the second quarter, but a gradual improvement in chip shortage at its UK subsidiary in the second half of FY22 and sustained improvement at home should maintain stock buoyancy. To be sure, the stock has risen 61% in the past three months. Elevated structural costs and lower production volumes continued to weigh on the financial performance of JLR. Wholesale volumes of
