A weak financial performance by Jaguar Land Rover (JLR) may limit the surge in sales in the domestic market for Tata Motors, casting a shadow on its fourth-quarter results.
A Reuters poll of 14 analysts expects the maker of cars, trucks and luxury vehicles to post a 6.8 percent year-on-year (YoY) drop in the consolidated net profit to Rs 4,041.5 crore, compared to Rs 4,336.43 crore posted in Q4FY17.
Tata Motors will declare its March quarter results on May 23.
The company, which is India’s largest automotive player by revenue, saw total JLR sales of 172,709 units during Q4FY18, a 4 percent decline from 179,531 units sold in Q417. The fall was primarily due to lower UK sales, and to a lesser extent lower sales in Europe. UK industry sales were down 12.4 percent in the quarter, more than explained by lower diesel.
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