Company: Tata Motors Ltd. Category: Broker Research


JLR’s wholesale volumes declined 8% YoY (+41% MoM) to 70.2k units (in-line) in Mar’19, including China JV volumes of 4.8k units (-32% YoY).
April 10, 2019, 12:01 p.m.
Publisher: motilaloswal.com

JLR’s wholesale volumes declined 16% YoY (-8% MoM) to 41.7k units (est. of 45k units), including the China JV volumes at 2.7k units (-61% YoY) in Jan’19.
Feb. 12, 2019, 2:15 p.m.
Publisher: motilaloswal.com

JLR’s wholesale volumes declined 17% YoY (8% MoM) to 45.5k units (our estimate: 50k), including China JV volumes of 5k units (51% YoY), in Dec’18.
Jan. 11, 2019, 11:43 a.m.
Publisher: motilaloswal.com

JLR’s wholesale volumes declined 9% YoY (+5% MoM) to 49.3k units (est. 50k units) including the China JV volume at 4.1k units (49% YoY) in Nov’18.
Dec. 10, 2018, 11:23 a.m.
Publisher: motilaloswal.com


JLR’s wholesale volumes declined 6% YoY (-11.7% MoM) to 46.8k units (our estimate: 45.5k) in Oct’18 – this includes China JV volumes of 2.4k units.
Nov. 12, 2018, 11:07 a.m.
Publisher: motilaloswal.com

Jaguar volumes up 9% YoY, but Land Rover volumes decline 19% YoY. JLR’s wholesale volumes declined 8% YoY (+24% MoM) to 53k units (est. of 45k units; includes China JV volumes of 4.8k units) in Sep-18.
Oct. 9, 2018, 11:56 a.m.
Publisher: motilaloswal.com

JLR’s wholesale volumes declined 4% YoY (+21.9% MoM) to 42.7k units (estimated 29.5k units), including China JV volumes at 4.1k units in Aug-2018.
Sept. 10, 2018, 11:11 a.m.
Publisher: motilaloswal.com

TTMT is India's largest commercial vehicle company and fourth-largest PV player. In PV, the company has products in the compact and midsize cars and utility vehicle segments.
Sept. 3, 2018, 10:38 a.m.
Publisher: edelweiss.in

JLR’s June-2018 wholesales below estimate at 37.5k
July 10, 2018, 10:48 a.m.
Publisher: motilaloswal.com

Tata Motors (TAMO) is India’s largest CV manufacturer with 45% market share in M&HCV segment. With the acquisition of Jaguar Land Rover (JLR) in 2008, TAMO now has presence in the global luxury car market.
June 25, 2018, 11:53 a.m.

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