Tata Motors Ltd.

Tata Motors is an automobile company, engaged in the manufacture and sale of commercial and passenger vehicles primarily in India. Co. provides cars, utility vehicles, trucks, buses, and defense vehicles, as well as develops electric and hybrid vehicles for personal and public transportation. In addition, Co. is engaged in the provision of engineering and automotive applications, as well as machine tools and factory automation applications; construction equipment manufacturing; automotive vehicle components manufacturing, among others. Co. markets its vehicles in Europe, Africa, the Middle East, South East Asia, South Asia, and South America.
  • TickerTATAMOTORS
  • ISININE155A01022
  • ExchangeNational Stock Exchange of India
  • SectorAutomobiles & Parts
  • CountryIndia

Analysts

Jinesh Gandhi

MOSL: TATA MOTORS (Buy)-Below-est.; adverse FX in JLR, higher discounts in India hurt margins

Tata Motors: Below-est.; adverse FX in JLR, higher discounts in India hurt margins (TTMT IN, Mkt Cap USD8.6b, CMP INR186, TP INR228, 23% Upside, Buy)  Structural recovery underway, though adverse FX slows pace While the operating performance was well below expectations, all key operating matrices showed an improvement. Although TTMT faced impact from FX in JLR and higher discounts to clear inventory in India, we do believe that the structural recovery is in place and part of cyclical factors will ease. We lower our FY21/22 EPS estimate by 11%/3% to factor in the adverse FX impact, but ma...

Jinesh Gandhi

MOSL: TATA MOTORS (Buy)-JLR – turnaround in sight led by better mix, cost cuts; India business worst is behind

Tata Motors: JLR – turnaround in sight led by better mix, cost cuts; India business worst is behind (TTMT IN, Mkt Cap USD7b, CMP INR161, TP INR195, 21% Upside, Buy)   JLR - performance over last two years impacted by adverse macro/mix…: JLR has endured a turbulent operating environment over the last two years, led by a troika of adverse macro, product mix (due to pipeline favoring Jaguar) and market mix (due to the underperformance in China led by product quality issues, high inventory, high discounts and low dealer profitability). …but part of those challenges being addressed…: Some of ...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Bahari Hazim

Tata Motors Limited

Bahari Hazim

Tata Motors Limited

Jinesh Gandhi

MOSL: TATA MOTORS (Buy)-JLR Jul-17 volumes in-line at 51,425 units (+17% YoY)-JLR volumes up 25%

​Tata Motors: JLR Jul-17 volumes in-line at 51,425 units (+17% YoY); JLR volumes up 25% led by Discovery and RR Velar; Jaguar volumes flat(TTMT IN, Mkt Cap USD23.0b, CMP INR430, TP INR666, 55% Upside, Buy)JLR Jul-17 wholesale volumes grew ~17% YoY (+4% MoM) to 51,425 units (including China JV volumes of 6,805 units; +87% YoY), in line with our estimate of 51,591 units.Jaguar volumes remained flat at 14,452 units (est. of 15,343 units), led by lower sales of XE.Land Rover (LR) volumes were up by a strong 25% YoY to 36,973 units (est. of 36,248 units), led by ramp-up of the all-new Discovery in ...

Jinesh Gandhi

MOSL: TATA MOTORS (Buy)-Below-est.; adverse FX in JLR, higher discounts in India hurt margins

Tata Motors: Below-est.; adverse FX in JLR, higher discounts in India hurt margins (TTMT IN, Mkt Cap USD8.6b, CMP INR186, TP INR228, 23% Upside, Buy)  Structural recovery underway, though adverse FX slows pace While the operating performance was well below expectations, all key operating matrices showed an improvement. Although TTMT faced impact from FX in JLR and higher discounts to clear inventory in India, we do believe that the structural recovery is in place and part of cyclical factors will ease. We lower our FY21/22 EPS estimate by 11%/3% to factor in the adverse FX impact, but ma...

Jinesh Gandhi

MOSL: TATA MOTORS (Buy)-JLR – turnaround in sight led by better mix, cost cuts; India business worst is behind

Tata Motors: JLR – turnaround in sight led by better mix, cost cuts; India business worst is behind (TTMT IN, Mkt Cap USD7b, CMP INR161, TP INR195, 21% Upside, Buy)   JLR - performance over last two years impacted by adverse macro/mix…: JLR has endured a turbulent operating environment over the last two years, led by a troika of adverse macro, product mix (due to pipeline favoring Jaguar) and market mix (due to the underperformance in China led by product quality issues, high inventory, high discounts and low dealer profitability). …but part of those challenges being addressed…: Some of ...