Market tailwinds help Tata Motors arrest decline in key CV segments

Tata Motors, the country’s biggest commercial vehicle maker, has largely arrested the declining market share in most segments of the business. In fact, the company has increased its Tata Motors Share Price  in light commercial vehicles (LCV) while maintaining the share in medium and heavy commercial vehicles (M&HCV) or trucks. This has helped its domestic business turn profitable during the October-December quarter after five successive loss-making quarters.

The company reported a standalone profit of Rs 1.83 billion in third quarter of FY18 against losses of Rs 10.46 billion in the corresponding quarter of the previous year. Standalone revenues (domestic business) for the quarter rose 59 per cent to Rs 161 billion. The Ebitda (earnings before interest, depreciation, taxation, and amortisation) of the standalone business margin improved 750 basis points to nine per cent during the quarter.

Tata motors stocks gain on file JLR income in 2017; should you make investments?

Stocks of Tata Motors BSE 0.34 % advanced over 2 per cent in early exchange after the car main-owned Jaguar Land Rover (JLR) on Monday published 6.five according to cent upward thrust in international sales to a record 6,21,109 gadgets in 2017.

sales of Jaguar emblem of vehicles all through the year had been at 1,78,601 gadgets, a boom of 20.1 consistent with cent, the corporation stated in a announcement. Land Rover range published income of 4,42,508 gadgets within the year, an increase of 1.8 in line with cent, it added.

For the month of December, JLR mentioned 0.6 consistent with cent increase in retail income to 55,697 cars in December 2017 over December 2016. The assertion became made after market hours on Monday, 8 January 2018.

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Tata motors cruises beyond Honda, becomes country's fourth-biggest vehicle player

Tata Motors’s sales increased 19 per cent this financial year, helping it to race ahead of Japanese carmaker Honda Cars and secure the fourth spot among peers in the domestic market. In the same period, Honda’s sales rose by 17 per cent.

Between April 2017 and January 2018, Tata Motors share price sold 149,284 units of passenger vehicles. Honda Cars sold 144,802 units in the period. In FY17, Tata Motors had sold 153,151 units, compared to Honda’s 157,313 units.

Honda, however, claimed to be unperturbed by the change in the pecking order.

“What we try to achieve is a higher market share. We require at least a 10 per cent share in the Indian market to have a sustainable position,” said Yoichiro Ueno, president and chief executive officer, Honda Cars India.