Tata Motors blockbuster Q3 results beat Street estimates on all counts! Strong demand for passenger vehicles in India & sustained growth in Jaguar Land Rover (JLR) sales helped lift up the top line. FYI – JLR sales was up 27% YoY to hit 1.01 lakh units, which is amazing.
On top of this, lower raw material costs + price hikes + greater high-margin product mix helped boost margins and the bottom line.