Tata benefits from growth in global luxury vehicles and commercial vehicles in India.
Narrow-moat-rated Tata Motors reported first-quarter fiscal 2017 EPS of INR 5.22, a dramatic INR 1.53 below the market consensus EPS of INR 6.75 and 41% lower than the year-ago EPS result of INR 8.79. Even so, the stock reacted positively with a 2% higher bid, as revenue of INR 661.0 billion was 2% better than the consensus forecast and 10% higher than first-quarter fiscal 2016. The unfavorable swing in the British pound was the main driver behind the earnings shortfall. Volume increases across ...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.
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