Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| So, particularly strong on our big three products in those three regions, and from what we can see, that will continue for the balance of this year |
| Going forward, the bright spots that we see that there is a strong booking pipeline in the industry |
| And that has really led us to increase our volumes, market share in hatches, and of course, for [indiscernible] |
| And this is coming out of the way the multipart train strategy has unfolded for us, Tiago EV and Altroz CNG with the print cylinder technology that we launched, has been really taken well in the market, and both these products are doing very good |
| As far as Tata Motors is concerned, Altroz iCNG, which we launched, indeed has been very well received, and we have a very strong booking pipeline |
| Tiago EV also supported by IPL and the awareness that it created for this product has also been seeing very strong bookings |
| So the A ordinary shareholders continue to benefit from the upsides or the growth story of Tata Motors even in future |
| We continue to be a very strong number three player |
| And that's what gives us a positive in the quarter |
| And as you know that with EV and CNG, both these products are really doing good and have seen significant growth |
| And I think with this kind of product superiority, we will also be able to get our market share back |
| EV wholesale has seen a very strong growth, 2.5 times to what it was in the last financial year |
| Quarter one FY 2024 was strong from a wholesale growth perspective, 9% growth versus the same quarter last financial year |
| And then on top of it, if I add PLI, which have now filed for Tiago EVs, they are certificates have been received and now we're going to the next phase of filing to the ministry, quite confident that the second half of the year, you should see the EV business also coming to add to these numbers |
| At the outset, a very strong set of numbers coming through, and actually quite happy with the sequential momentum that is building in the business |
| While in contrary, we are seeing in the industry, the hatches are under pressure, but we have been growing and enhancing our market share |
| Very happy with us consolidating our position in the face of significant competitive on slot on multiple fronts |
| We have been consistently improving the engagement time with the increased insights that are being provided |
| We also introduced the subscription models, which was very well received by the customers |
| And we are also improving the channel health as the markets continue to operate at lower volumes |
| And therefore, I'm very confident that in the medium term within this year, I would say, with all the combination of all these factors, the outlook for margin of EV business is going to be very strong |
| And in fact, we have improved margins in the international business compared with Q1 of last year and also the entire last year |
| And of course, profitability came through from both JLR and commercial vehicles in a strong manner |
| There's a localization that we have been working on for the last two years, and that is going to yield us significant benefits from a cost reduction perspective |
| We've also started field trials of the BS6 Phase II vehicles, which is also indicating a very good performance improvement over this BS6 Phase I and therefore, good customer acceptance |
| Number two, as I said, that PLI is going to be a big addition to the margin and we are confident that we are adhering to all the requirements |
| And this, we believe, will be a major advantage for us going ahead |
| And in the passenger carriers, good growth of 11.5%, despite availability constraints |
| EBIT, 8.6%, that is the highest EBIT that we have achieved in six years |
| And EBITDA, 16.3%, that is the highest EBITDA that we have achieved in eight years |
| Statement |
|---|
| So revenue, £6.9 billion, down slightly as our volume was 1% below, and we also had some impact of foreign exchange coming through |
| Share of Hatch and Sedan may come under further pressure with the new launches that have happened recently in the industry |
| For Q2, we expect our production to be lower than Q1, and that's a natural effect of we have two weeks of shutdown coming in the first half of August |
| That leads to an operational FX adverse for us |
| That led to a challenge on availability in terms of productionization as well as ramp-up |
| There is the entry segment, which is facing demand pressure |
| We still do have chip and other supply constraints |
| But there is an underlying issue that we're dealing with in both the UK and Europe, which is we still have some supply shortages |
| So, we will have production and cash flow lower than in Q1, but we would expect wholesales and profitability much more in line with recent quarters |
| They're not generic in the same way that they work before hand, but we still have some constraints within our PHEV supply system |
| That's by far the biggest of the one-offs, and that's what drives the reported EBIT of 8.6% down to what I specified as an underlying of around 7.5% |
| One is demand and how do you see demand coming through? And number two is you are losing market shares at Tata Motors |
| Overall call out, a 15% decline in the wholesales and 15%, 14% decline in retails |
| On the EV side, the EBITDA margin did go down, but a lot of it is also coming from two aspects |
| So overall, you should take, as far as EBITDAs for EV is concerned, the only losses we should be seeing, if at all, is related to product investments that we are making and nothing else that should be there |
| We do have some small challenges in within the UK and Europe |
| And -- but we do expect Q2 from our own financial forecast perspective to be a little bit worse, in terms of production and cash flow, although wholesales and profitability will be more in line with recent quarters, and we will revisit our guidance after Q2 |
| But if we see the registration volumes, I think they actually declined by around 6%, which is a true indication |
| So, that's the reason why there's a slightly more muted performance in the UK and Europe outside of even the seasonality effect within the UK |
| You can see now, hatch segment has come down to 32% |
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