Tata Motors Makes Progress in Fiscal 2018 3Q Results; INR 570 FVE Unchanged
Narrow-moat-rated Tata Motors, which is India's largest commercial truck producer and owns the Jaguar and Land Rover luxury brands, reported fiscal 2018 third-quarter diluted EPS of INR 3.61, a dramatic INR 3.25 increase relative to the year-ago EPS of INR 0.36. We had been expecting fiscal 2018 second-half margin improvement as new model launches ramp-up to normalized production levels, including six new JLR models and six new Tata commercial and passenger utility products, but third-quarter ma...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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