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    Tata Motors Q3 FY23: A strong quarter for both India, international businesses

    The waning impact of semiconductor chip shortage and the softening of raw material prices helped the company race ahead

    Nitin Agrawal
    January 27, 2023 / 11:05 AM IST
    Tata Motors Q3 FY23: A strong quarter for both India, international businesses

    Tata Motors has also indicated that despite short-term challenges, such as chip shortage, the company will be able to improve its margins and profitability in the PV segment

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights New products and the easing of chip supply helped JLR’s operating margin Softening of raw material prices and higher realisation helped domestic business margins Aggressive focus on EVs a key trigger for re-rating Both JLR and domestic business expected to perform well on the back of strong demand SOTP valuation suggests stock has upside potential With the waning impact of semiconductor chip shortage and the softening of raw material prices, Tata Motors (TML; CMP: Rs 419; Market cap: Rs 1,50,100 crore) posted a strong...

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