Quote on Tata Motors: Domestic numbers were good with both CV and PV segments performing well Says Ashwin Patil,LKP Securities
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Below Quote On Tata Motors Pace On Volume Recovery From Ashwin Patil, Senior Research Analyst at LKP Securities.
"TaMo's numbers were subdued in the quarter. Volume growth in JLR was not very strong. Weakness is seen in European markets, while margins are impacted by unfavorable currency, higher input costs, marketing spends etc. Domestic numbers were good with both CV and PV segments performing well. But overall numbers still show room for improvement. We remain Neutral on the stock."
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