Riding on strong passenger vehicle growth, Tata Motors is expected to see strong consolidated revenue growth. As per IIFL Securities, the company is expected to post a 42.6 per cent growth in its consolidated revenue as compared to the year-ago quarter. According to analysts, the company could be impacted by lower commercial vehicle sales in the quarter owing to pre-buying in the last quarter. Further, the company saw a 209 per cent growth in Range Rover, Range Rover Sport, and Defender sales. The company’s consolidated EBITDA margin could grow 827 basis points over the year-ago quarter to 12.7 per cent,” as per IIFL Securities.

Source: The Hindu July 25, 2023 17:19 UTC