Tata Motors shares may fall on lower-than-expected sales at key unit Jaguar Land Rover (JLR) in February.
JLR’s Feb 15 wholesales came in at 38,541 units, down 1.2 pct yoy; below estimates of about 42,200 units – Analysts.
This could be due to lower despatches to China for the Evoque to clear inventory to start local production and gradual ramp-up for new models – Nomura.
Underlying demand for the JLR’s products remains strong – Analysts.
Stock trades at discount to Indian rivals on one-year forward P/E basis Tata Motors 8.2 Maruti Suzuki India 21.6 Mahindra and Mahindra 19.7.
Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.