Tata Motors Q2 results tomorrow: Here’s what to expect

“Tata Motors’ standalone revenue to largely remain flat QoQ owing to flat volumes. EBITDA margin to expand by ~80bps RM cost easing out. We expect JLR volumes to grow in mid-single digit led by servicing of order book and semiconductor supply improving. EBITDA margin to improve by ~100bps sequentially,” Prabhudas Lilladher said.

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