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A CNBC-TV18 poll expects the company to return to profitability compared to a loss during the year-ago period. Revenue growth is likely to be in the mid-teens, while EBITDA margin may expand 100 basis points.
Tata Motors' India business is likely to be led by a 33 percent growth in volumes of its passenger vehicles division. On the other hand, the commercial vehicles business is likely to decline five percent from last year.
Passenger vehicle volumes for Tata Motors stood at 13,230 units for the quarter, compared to 9,950 units during the same period last year.
The company's UK unit Jaguar Land Rover's (JLR) volumes for the quarter increased 14 percent to 94,300 units from 93,100 units during the same period last year.
Realisations for JLR are likely to go up by 4.5 percent year-on-year to GBP 71,244 per unit. A superior product mix, which is a higher mix of range rover is likely to aid margin expansion this quarter.
To deepen its presence in the electric vehicle (EV) space, Tata Motors recently commenced deliveries of its light commercial vehicle (LCV) Ace EV. A total of 25 Ace EVs were delivered to Amazon, Delhivery, DHL, FedEx, Flipkart, J&J Consumer Health, MoEVing, and Safexpress.
The company also unveiled the Magic EV, the Prime e28, ultra e.9 as well as the Hydrogen Fuel Cell truck at the Auto Expo 2023, among its commercial vehicle segments. In its private vehicles segment, it also unveiled the Harrier EV and Sierra EV and showcased the Altrzo CNG as well as the Curvv Coupe.
Tata Motors is also working on cars with a view on affordability and technology. Chairman N Chandrasekaran said the focus cannot just be on sub-10 lakh models, and that the company would continue to work on batteries and high-end vehicles.
Shares of Tata Motors have declined 14 percent over the last 12 months.