India's Tata Motors PV slips after JLR outlines growth, investment plans
BUZZ-India's Tata Motors PV slips after JLR outlines growth, investment plans Updates
** Shares of India's Tata Motors Passenger Vehicles TAMO.NS down 7.84% at 362.25 rupees
** Stock posts its biggest intraday pct drop since Aug 5 2024
** Jaguar Land Rover, the company's British luxury vehicle unit, targets medium-term double-digit revenue growth and plans to significantly expand its U.S. business
** JLR expects FY27 revenue of 26 billion pounds ($34.87 billion), EBIT margin of 4% and operating cash flow to break-even
** Investors were likely looking for stronger near-term margin and cash-flow guidance, while concerns over tariffs and weak China demand remain, WealthMills Securities' Kranthi Bathini said
** SMC Global's Saurabh Jain says market may have reacted to JLR's focus on medium-term targets amid an uncertain global environment
** YTD, stock down 0.24%
($1 = 0.7456 pounds)
(Reporting by Surbhi Misra and Bharath Rajeswaran in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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