Tata Motors Q1 Expectations Preview: Analysts expect JLR volumes (excluding China JV) to increase by 9% YoY led by strong growth in Range Rover, Range Rover Sport and Defender model volumes. Overall, revenues (ex China JV) to increase by 6% YoY in 1QFY25.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.