Tata Motors, Ltd (TTM) Q3 2020 Earnings Call Transcript

Tata Motors, Ltd (TTM) Q3 2020 Earnings Call Transcript

In Tata Motors, the good part is what we committed the retails will be higher than wholesale, higher than production, that continued, and retail growth higher than the wholesale growth, but suffice it is to say that this growth is not good enough.. On the EBIT numbers, moving to slide six, the increase in JLR contributed almost 4.5% in the improvement of the overall EBIT number while Tata Motors stand-alone totaled about 1.9% out of that.. So there is overall EBIT moved from minus 0.1% to plus 2.3% and again, we'll spend a little bit of time later.. I think the first thing to note, volumes, retail volumes versus the same quarter last year were actually a little bit lower, 2.3%.. We break this down by region overall, the 2% lower, but that includes a substantial 24% increase in China.. So that's two full quarters of substantial double-digit increases we've had as we signaled last time.. So the new model has landed well as we expected to do, up 30% in the quarter, and Discovery is bought up 9%, but as you will see later, that increase really was driven in December and we'll continue to believe going forward.. Range