During the September quarter, Tata Motors share price fell 7.23% to Rs401.25 on the Bombay Stock Exchange. Photo: ReutersMumbai: Tata Motors Ltd, India’s largest automaker by sales revenue and second largest by net profit, will report its earnings for the September quarter on Thursday. JLR continued to post steady volumes, while the domestic market was buoyed by higher commercial and passenger vehicle sales. Analysts estimate consolidated margins to remain flat during the quarter—primarily driven by JLR—due to increased raw material costs despite higher volumes. MarginsAnalysts expect muted year-on-year growth in the UK subsidiary’s margins despite a richer product mix, lower foreign exchange losses, higher volumes and operating leverage.

Source: Mint November 09, 2017 03:45 UTC