Tata Motors Indica Vista to boost its overall mkt share

Its net sales at Rs 7029 crore versus versus Rs 6,672 crore

Its forex loss of Rs 285 crore.

The company's other income was at Rs 430 crore versus Rs 70 crore

Its Q2 other income includes stake sale in Tata Steel.

Key takeaways from Tata Motors' concall:

• 6.1% increase in revenues (net of excise) to Rs.7078.85 crores for the quarter.
• Profit before Tax (before notional loss on foreign exchange valuation) increased by 8.9% was Rs.643.03 crores.
• It's new products are growing at a faster rate and have helped partially counter the difficult market environment.
• It recently launched new generation Indica Vista is expected to improve the company’s overall industry market share.
• It's sales volume for the quarter (including exports) at 135,037 vehicles declined by 1.1% on YoY basis.
• In commercial vehicles, Tata Motors has held market share at 61.5% year to date.
• The automobile industry is severely impacted with continued lack of financing and high interest rates.
• Tata Motors’ UK subsidiary, Tata Motors European Technical Centre plc, has acquired a 50.3% holding in Miljø Grenland/Innovasjon, Norway.
• In truck segment, market share has improved from 62 to 65.5%.
• It's Uttaranchal facility is to be revamped to support the strong demand for ACE trucks.
• Company's total borrowing is Rs 11,200 crores.
• Jaguar, Land Rover are doing well in emerging markets like Russia, Brazil and China.
• Jaguar is continued to be supported by with strong demand. However, there is reduction in the volume of Land Rover.
• It has capex plan of Rs 3000 crores.
• Tata Safari and Sumo grande is continue to do well.