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January 2018
 |
Tata
Motors(The Total
Investment & Insurance Solutions)
Tata
Motors Limited (TTMT), one of the largest manufacturers of cars, UVs,
buses, defence vehicles etc, reported a 52% growth in sales volumes for the
month of December 2017 vs December 2016. Growth was led by Commercial Vehicles
(62% yoy) with growth rates between 45-85% across all sub-segments except
commercial passenger carriers (19% yoy).
Passenger Vehicle segment saw 31% yoy growth, while export volumes grew 26%. Combining both the categories (CVs + PVs), TTMT saw its volumes rise 52% yoy for December 2017. The Total Investment & Insurance Solutions
TTMT, on the consolidated level, derives ~80% of its revenue from 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. 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
Tata Motors Ltd is currently trading at Rs432.2, up by Rs6.8 or 1.6% from its previous closing of Rs425.4 on the BSE.
The scrip opened at Rs429.7 and has touched a high and low of Rs433.3 and Rs422.1, respectively. The current market cap of the company is Rs1,35,166.61crThe Total Investment & Insurance Solutions
Passenger Vehicle segment saw 31% yoy growth, while export volumes grew 26%. Combining both the categories (CVs + PVs), TTMT saw its volumes rise 52% yoy for December 2017. The Total Investment & Insurance Solutions
TTMT, on the consolidated level, derives ~80% of its revenue from 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. 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
Tata Motors Ltd is currently trading at Rs432.2, up by Rs6.8 or 1.6% from its previous closing of Rs425.4 on the BSE.
The scrip opened at Rs429.7 and has touched a high and low of Rs433.3 and Rs422.1, respectively. The current market cap of the company is Rs1,35,166.61crThe Total Investment & Insurance Solutions
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