Tata Motors (NYSE: TTM), has seen its stock price drop by over 80% in the last year, driven primarily by a drop in Jaguar Land Rover sales and an impairment of $4 billion in JLR in FY 2019 (ended March 2019) . Trefis is maintaining its price estimate for the company at about $14 per share, which ...
Tata Motors’ domestic brand business revenue has seen a good rise in revenue as it increased from $8.4 billion in FY 2017 to $10.8 in FY 2019.
In the recently announced Q1 2020 results, Tata Motors posted revenue of around $9 billion as overall sales volume went down for both the Tata and JLR brands due to a global auto market slowdown. Shipments have dropped from to 565K in FY 2019 from more than 600K in FY 2017. Trefis estimates a further fall in FY 2020 to around 548K.
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