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Cost-cutting measures, increase in ASPs to boost Tata Motors' Q3FY21 earnings

Along with the numbers, investors will focus on the company's India business outlook, including market share gains in the PV segment, recovery in the CV and Jaguar Land Rover segments and the impact of Brexit on JLR manufacturing.

January 29, 2021 / 08:27 AM IST
 
 
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Tata Motors will report its December quarter earnings on January 29 and brokerages expect a year-on-year (YoY) rise in revenue and a decline in the reported loss.

Along with the numbers, investors will focus on the company's India business outlook, including market share gains in the passenger vehicle (PV) segment, recovery trends in the commercial vehicle (CV) and JLR segments and the impact of Brexit on JLR manufacturing.

The company is expected to show a YoY rise in revenue, profit and EBITDA margin front owing to cost-cutting measures along with an increase in average selling prices (ASPs).

Brokerage firm Kotak Institutional Equities expects Tata Motors' standalone revenues to go up by 27 percent YoY led by a 22 percent increase in volumes across segments and a 3 percent increase in ASPs on account of a price hike due to BS-VI transition, which may have been partly offset by a higher mix of PV segment in Q3FY21.