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Tata Motors Limited (TTM) Q3 2023 Earnings Call Transcript

Tata Motors Limited (TTM)

Q3 2023 Earnings Conference Call

January 25, 2023, 08:00 AM ET

Company Participants

P.B. Balaji - Group CFO

Girish Wagh - Executive Director

Shailesh Chandra - Tata Motors MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited

Adrian Mardell - Interim CEO, Jaguar Land Rover

Richard Molyneux - Acting CFO, Jaguar Land Rover

Bennett Birgbauer - Treasurer, Jaguar Land Rover

Conference Call Participants

Presentation

Operator

Good day and welcome to Tata Motors Q3 FY '23 Earnings Conference Call. I'm joined today by Mr. P.B. Balaji, Group CFO, Tata Motors; Mr. Girish Wagh, Executive Director, Tat...

SA Transcripts on Seeking Alpha | January 25, 2023

Jaguar Land Rover back in profit as sales of new Range Rover hit £900m

Jaguar Land Rover has posted its first profit for two years after bumper sales of its newest Range Rover.

Yahoo | January 25, 2023

UPDATE 2-Tata Motors returns to profit on Jaguar Land Rover bounce

Indian carmaker Tata Motors beat analysts' expectations to post a profit for the first time in two years as improving semiconductor chip supplies and rising demand helped its luxury car unit Jaguar Land Rover (JLR) turn profitable. Like others in the sector, Tata Motors and JLR have been struggling to navigate supply chain disruptions and shortages of critical semiconductor components since the onset of the coronavirus pandemic. The situation has improved in India where carmakers are benefiting from strong demand, easing commodity costs and a slew of price hikes to make up for price inflation.

Yahoo | January 25, 2023

India’s electric vehicle market glides into gear from standing start

India’s electric vehicle sector is gearing up from a standing start. Boosted by state subsidies, some early sales of delivery vehicles and buses and paranoia among businesses and politicians about China’s high-tech dominance, a “Made in India” EV industry is starting to take shape. Alongside semiconductors and renewable energy, Narendra Modi’s government is offering incentives to producers of EVs and the advanced technologies that power them as it seeks to stimulate manufacturing, cut reliance on Chinese imports and attract foreign investment.

Yahoo | January 25, 2023

Financials, IT stocks push Sensex above 61,000; Nifty near 18,200

​Among the Sensex stocks, Tata Motors, ICICI Bank, Infosys, IndusInd Bank, HDFC Bank, Tech Mahindra rose about 0.5-1%. Bajaj Finserv, Asian Paints, SBI, M&M, and Maruti also opened with gains.

Economic Times India | January 23, 2023

Stocks to Watch: Axis Bank, Maruti Suzuki, Zomato, Tata Motors, Nykaa

Maruti Suzuki, HDFC Asset Management Company, Colgate-Palmolive, CG Power and Industrial Solutions, Macrotech Developers, Nazara Technologies, PNB Housing Finance, SBI Cards and Payment Services, TVS Motor Company are among the key companies scheduled to announce earnings today

Livemint | January 23, 2023

Stocks to Watch: Axis Bank, Maruti Suzuki, Tata Motors, Welspun Corp, Dilip Buildcon, CONCOR and more

Stocks To Watch: Earnings reactions continue as Axis Bank reacts to its quarterly results along with a slew of broader market names. On the other hand, Maruti Suzuki will be reporting earnings today. Also reacting will be Welspun Corp on the back of its order win.

CNBC TV18 | January 23, 2023

Tata Motors looking to minimise discounts in truck segment

Commercial vehicles market leader Tata Motors is looking to minimise the practice of discounting that has plagued the industry, eroding margins of market leaders, said a top executive and multiple people in the know.

Economic Times India | January 23, 2023

Tata Motors Confirms Delisting From New York Stock Exchange, Termination of ADS Programme | LatestLY

Tata Motors on Monday said the voluntary delisting of its American Depositary Shares, representing ordinary shares, from the New York Stock Exchange will become effective close of trading on January 23, 2023. Tata Motors Confirms Delisting From New York Stock Exchange, Termination of ADS Programme.

LatestLY | January 23, 2023

ICICI Bank to offer financing solutions to Tata Motors electric vehicles dealers

Tata Motors has been pioneering the Indian automotive market with its ground-breaking efforts and is currently leading the e-mobility wave in India with a commanding market share of 85.8%

Livemint | January 23, 2023


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