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Tata Motors' stock outperforms all global premium car makers

Jaguar Land Rover's volume growth climbed 19.4 per cent compared with an average growth of 8.3 per cent by other leading luxury car manufacturers.

, ET Bureau|
Updated: Feb 28, 2014, 03.56 PM IST
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Jaguar Land Rover's volume growth climbed 19.4 per cent compared with an
 average growth of 8.3 per cent by other leading luxury car 
manufacturers.
Jaguar Land Rover's volume growth climbed 19.4 per cent compared with an average growth of 8.3 per cent by other leading luxury car manufacturers.
The stock Tata Motors has outperformed all global premium car manufacturers in the past six months. The stock, on a normalised basis, has jumped 30 per cent since August 2013, while average stock returns of other premium car makers stood at just 2 per cent in the same period. The Bloomberg global auto index is up only 1.2 per cent.


Tata Motors' stock outperforms all global premium car makers

The reason for this performance is the strong demand for its luxury Jaguar Land Rover vehicles and rise in EBITDA margins. In CY13, JLR’s volume growth climbed 19.4 per cent compared with an average growth of 8.3 per cent by other leading luxury car manufacturers. While the proportion of higher-priced models has reached 32 per cent from almost 3 per cent a year back, EBITDA margin has gradually moved higher, though other players have seen volatility in margins.

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