With price corrections in the passenger and commercial vehicle business, Tata Motors is expected to see growth in its consolidated revenue in Q1. Analysts expect to see up to 9 per cent growth in consolidated revenue year-on-year, with increased sales in Jaguar Land Rover. “We see Tata Motors revenue growing by 5 per cent year-on-year, with consistent performance in JLR and price actions in the commercial and passenger vehicle business, to drive an EBITDA margin of 175bps year-on-year. “We expect consolidated 8.5 per cent growth year-on-year. JLR volumes are expected to see a 3 per cent year-on-year growth,” said Motilal Oswal.

Source: The Hindu August 01, 2024 12:56 UTC