Tata Motors Q4 earnings preview
FinancialExpress: Tata Motors (NYSE: TTM) will release its 4th quarter earnings on May 19th. Here’s what to expect:
- Indica compact car wins customers from market leader Maruti Udyog Ltd.
- Net income may jump 30 per cent to a record 5 billion rupees ($111 million)
- Sales may rise 22 per cent to 65 billion rupees
- Tata Motors’ annual profit may rise 13 per cent to 15.71 billion rupees
- Tata Motors sold 48,361 passenger cars in the quarter, an increase of 14 per cent from last year, giving it an estimated 19 per cent of India’s car market
- Tata Motors, which earns almost two-thirds of its revenue selling trucks and buses, is also introducing new commercial vehicles, such as a 1-ton mini truck, the Ace.
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