Tata Motors skids on muted Q2 show in India biz, weak outlook in JLR2 min read . Updated: 10 Nov 2022, 11:07 AM IST
India business, though impacted temporarily, is largely set to reach the targeted 10% Ebitda margin level in coming quarters with margin tailwinds coming in place, said analysts at ICICI Securities
Tata Motors Ltd’s shares dropped over 5% in Thursday’s morning trade on the NSE as the automaker saw weak margins in its India business in the September quarter (Q2FY23). The company noted that margins were mainly impacted by commodity inflation and forex headwinds.
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