Tata Motors Group
- JLR performance improves
- Sharp market decline in India
- Benefits from China recovery and Project Charge offset by M&HCV decline & India stock reduction
- Q2’20: Volumes at 242K down 25%; Revenue Rs.65.4 KCr down 9%
- EBITDA margin at 12.4%(+250bps); EBIT margin at 3.8% (+210bps)
- PBT at Rs.621Cr vs Rs.(823)Cr in Q2’19
Jaguar Land Rover: Performance improves – continued recovery in China, Project Charge delivers
- Q2’20: Revenue £6 B (+8%);
- EBITDA margin at 13.8% (amongst the highest in last 16 quarters); EBIT margin at 4.8%
- PBT £156M
- Project Charge on track to achieve £2.5B of cash and profit improvements with £2.2B achieved to date
- The all new Defender launched. An icon reimagined for the 21st century
- £625 m UKEF-backed facility completed in October
Tata Motors (Standalone incl JO): Turnaround 2.0 – Managing the slowdown by doing it right
- Sharp decline in both PV and CV markets
- Q2’20: Revenue 10 KCr (down 44%); PBT Rs. (1,270) Cr impacted primarily by MHCV decline of 59%
- Focus on securing ecosystem viability and retail acceleration
- CV (Dom) retails higher by 26%(vs wholesales), PV(Dom) retails higher by 19%(vs wholesales)
- System stock reduced by Rs.3400Cr
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SOURCE: Tata Motors
