Tata benefits from growth in global luxury vehicles and commercial vehicles in India.
Narrow-moat-rated Tata Motors, which is India's largest commercial truck producer and owns the Jaguar and Land Rover luxury brands, reported first-quarter fiscal 2018 diluted earnings per ordinary share before special items, or EPS, of INR 2.17, a dramatic INR 1.07 miss relative to the market consensus EPS of INR 3.24. Even so, we have been expecting fiscal 2018 first-half margin contraction on a grueling launch schedule, where JLR ramps up six new models and Tata launches six new products in th...
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