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...
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