Tata Motors - Decent numbers, improved car sales - Way2Wealth

Tata Motors M&HCV numbers have come at its highest ever levels this year. Cumulative numbers contract at a slower pace.

There was a production shutdown in the month of June at its Jamshedpur facility, in order to align production to the weakened demand. No production cut has been taken in the month of August.

LCV numbers are at its highest ever levels this FY. Cumulative growth holds up well.

The UV division shows a set of steady numbers.

Car division manages to show an improvement, mainly on account of its Nano model. Nano numbers come on a low base.

Nano continues to be loss making with break even at 10kunits/month.

The company's exports continue to underperform with cumulative offtake showing a degrowth of 10%.

Source : Equity Bulls

Keywords