Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
335.80
4.00 (1.21%)
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Tata Motors expecting limited volume loss in domestic business due to coronavirus

Date: 09-03-2020

Tata Motors is expecting limited volume loss in its domestic business during the January-March 2020 period due to disruption of supply chain from China owing to the coronavirus outbreak.

The company also expects Jaguar Land Rover’s (JLR) full-year EBIT (earnings before interest and tax) margin to be down by about 1 per cent due to reduction in China sales.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.