Tata's Jaguar and Land Rover Brands Hit Bumpy Road but Heading Toward Recovery
Narrow-moat Tata Motors, which is India's largest commercial truck producer and owns the Jaguar and Land Rover, or JLR, luxury brands, reported fiscal fourth-quarter 2019 ended March 31 diluted earnings per ordinary share of INR 3.28, firmly back in the black versus the sell-side consensus estimate for a loss of INR 27.31 per share. JLR performance was still weak versus the year-ago period on dramatically lower China volume but showed significant improvement over the fiscal third quarter. Tata M...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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