Auto major Tata Motors is scheduled to release its March quarter results on Tuesday. Analysts expect the company to report a strong standalone performance, offset by modest performance in JLR. On a consolidated basis, they are penciling in a 41 per cent year-on-year (YoY) increase in the company's top-line and a profit of up to Rs 2,813 crore.
In comparison, Tata Motors had reported revenue of Rs 62,493 crore and loss of 5,411.2 crore, respectively, in the year-ago quarter.
According to HDFC Securities, progress on the EV platforms, especially in terms of hybrids, impact of lockdown on the near term on volumes,