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8
December 2017
 |
TATA Motor (The Total
Investment & Insurance Solutions)
Tata Motors Group global
wholesales in November 2017, including Jaguar Land Rover, were at 1,12,473
nos., higher by 22%, over November 2016.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in November 2017 were at 40,845 nos., higher by 51%, over November 2016. The Total Investment & Insurance Solutions
Global wholesales of all passenger vehicles in November 2017 were at 71,628 nos., higher by 10%, compared to November 2016.
Global wholesales for Jaguar Land Rover were 54,244 vehicles (JLR number for November 2017 includes CJLR volumes of 8,179 units).
Jaguar wholesales for the month were 12,287 vehicles, while Land Rover wholesales for the month were 41,957 vehicles.
The stock ended at Rs 411.05, up by Rs 8.9 or 2.21% from its previous closing of Rs 402.15 on the BSE. The scrip opened at Rs 406.75 and touched a high and low of Rs 413.7 and Rs 406.5 respectively.
TML, on the consolidated level, derives ~80% of its revenue from the wholly owned subsidiary, JLR, which had witnessed EBITDA margin decline in FY16 and FY17 on account of weakness in volumes growth, model mix and forex losses. The Total Investment & Insurance Solutions
Standalone business (~80% CV and PV) has experienced market share losses and is expected to turnaround the trend on account of better acceptance of SCR technology (CV) and series of new launches in PV segment (Tigor/Hexa/Tiago).The Total Investment & Insurance Solutions
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in November 2017 were at 40,845 nos., higher by 51%, over November 2016. The Total Investment & Insurance Solutions
Global wholesales of all passenger vehicles in November 2017 were at 71,628 nos., higher by 10%, compared to November 2016.
Global wholesales for Jaguar Land Rover were 54,244 vehicles (JLR number for November 2017 includes CJLR volumes of 8,179 units).
Jaguar wholesales for the month were 12,287 vehicles, while Land Rover wholesales for the month were 41,957 vehicles.
The stock ended at Rs 411.05, up by Rs 8.9 or 2.21% from its previous closing of Rs 402.15 on the BSE. The scrip opened at Rs 406.75 and touched a high and low of Rs 413.7 and Rs 406.5 respectively.
TML, on the consolidated level, derives ~80% of its revenue from the wholly owned subsidiary, JLR, which had witnessed EBITDA margin decline in FY16 and FY17 on account of weakness in volumes growth, model mix and forex losses. The Total Investment & Insurance Solutions
Standalone business (~80% CV and PV) has experienced market share losses and is expected to turnaround the trend on account of better acceptance of SCR technology (CV) and series of new launches in PV segment (Tigor/Hexa/Tiago).The Total Investment & Insurance Solutions
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