Tata Motors Reports Mixed Fiscal 2018 Results; INR 570 FVE Unchanged
Narrow-moat Tata Motors, which is India's largest commercial truck producer and owns the Jaguar and Land Rover luxury brands, reported fiscal year 2018 ended March 31 diluted earnings per ordinary share of INR 26.45, up slightly from the year-ago EPS of INR 21.93. Even so, Jaguar Land Rover, or JLR, performance was disappointing as margin contracted on higher spending for model launches, capacity expansion, and investment in powertrain electrification. Tata Motors' standalone performance partial...
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