Tata Motors creeps ahead as luxury brands struggle to recover

Cons. Discr. - Autos 1108 Earnings 656 Quote Watch 426 U.S. 5161

Tata Motors reported modest Q4’20 revenue growth of 5.5% year over year. The firm’s CFO, Pathamadai Balachandran, has noted a large part of the firm’s dealer network in the U.K. and U.S. were still closed while factory challenges are ongoing “from an operating perspective, our sites still do remain open” though “obviously, suppliers are going through the same challenges”. U.S. seaborne imports linked to the firm were still down by 7.8% year over year in December after rising by 3.8% in the 12 months to March 2020, the pre-pandemic period. Imports of Land Rover products did slightly bette...

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