Tata Motors Reports Mixed 2Q Results; INR 580 FVE Unchanged
Narrow-moat Tata Motors, India's largest commercial truck producer and owner of the Jaguar and Land Rover luxury brands, reported a fiscal 2019 second-quarter (ended Sept. 30) diluted loss per ordinary share of INR 3.09, an improvement of INR 2.51 from the year-ago loss per share of INR 5.60. Even so, Jaguar Land Rover's performance was disappointing as margin contracted on softened Chinese light-vehicle demand, declining European diesel demand, and WLTP vehicle emissions certification in Europe...
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