Tata Motors’ operationally strong earnings were in line with the street expectations. The company’s management is cautious owing to supply-side issues and rising raw material costs.
Sector experts are of the view that Tata Motors have the potential to drive growth going ahead.
Aditya Makharia, Senior Analyst-Automobiles of HDFC Securities is positive on the prospects for Jaguar-Land Rover (JLR).
“Tata Motors has a lot of growth drivers ahead for it. There are several triggers which are yet available for this company,” Makharia told CNBC-TV18.
He expects a double-digit growth, 15 percent plus volumes at JLR for next year.
“Near-term could be a little volatile but second-half onwards things should start looking much better,” he said.
For more, watch the accompanying video.
(Edited by : Ankit Gohel)
First Published: IST