Tata Motors H2 volume expected to be better than H1

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Tata Motors H2 volume expected to be better than H1

Tata Motors has declared its second quarter results.

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Tata Motors has declared its second quarter results.

Here are the key concall takeaways:

• Quarter saw pressure on volume
• Pressure on mkt share in some segments
• Pressre on Margins
• Favourable dollar currency movement
• Income from technology transfers
• Tata Daewoo had good half year; turnover up 40% to rs 1400 crore, PAT doubled
• Korean Mkt share CV vehicles increased from 24% to 33%
• Construction subsidiary PAT also more than doubled TELKON,
• HVTL profit dropped from 19 cr to Rs 17 cr
• Tata Technology H1 turnover at Rs 528 cr up 12%, PAT more than doubled to 11 crore from 4 cr last year.
• Volume growth outlook in H2 growth should be better than H1
• Material cost continue to be under pressure going ahead
• Tax rate seen in range of 20-25%