Tata Motors – JLR to leap ahead
Expect CV segment to do well but PV may continue to under perform peers.
Domestic MHCV volumes expected at 18,100 and LCVs at 24,500.
Expect domestic Indica, Indigo and Nano volumes at 7,700, 6,700 and 8,420
respectively.
JLR to post record volumes of 25,000 driven by success of new launches and
strong seasonal demand in UK. Expect strong 2Q results.
See an upside risk to consensus earnings due to buoyancy at JLR.
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