MUMBAI: Tata Motors Ltd has been having one of its toughest years in recent history, with sales of its UK unit, Jaguar Land Rover (JLR), going downhill. As it turns out, Tata Motors’ American depositary receipts listed on the New York Stock Exchange were up 5.5% at the time of writing. Ebitda stood at 9.7%. “As long as there is no Brexit related major issue, which we cannot predict, Tata Motors should be able to sustain JLR performance this year. While Tata Motors’ domestic volume growth in Q4 stood at 193,000 units, down 3.8% year-on- year, there has been a healthy improvement in Ebitda margin to 7%.

Source: Mint May 20, 2019 18:00 UTC