New Morningstar Analyst Report for Tata Motors Ltd
Narrow-moat Tata Motors, which is India's largest commercial truck producer and owns the Jaguar and Land Rover luxury brands, reported fiscal first-quarter 2019 ended June 30 diluted earnings per ordinary share of INR 3.48, up INR 4.95 from the year-ago loss per share of INR 1.47. Even so, Jaguar Land Rover, or JLR, performance was disappointing as margin contracted on Chinese consumers delaying purchases for the July tariff reduction, Europe destocking, a new costlier and longer emissions certi...
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