Tata Motors Shs Sponsored American Deposit Receipt Repr 5 Shs (NYSE:TTM) Q4 2018 Earnings Conference Call - Final Transcript
Feb 07, 2019 • 08:30 am ET
Good day, and welcome to the Tata Motors Group Earnings Conference Quarter Three Financial Year 2019 Conference Call. Today's conference is being recorded. And at this time I would like to turn the conference over to Balaji. Please go ahead.
P B Balaji
Hi, good evening all of you. Are you able to hear me clearly? I presume that should be fine, let me get started. Firstly thanks for joining the call so late in the evening. As it is won't like last time, I don't intend to cover all the slides and I'll probably just cover our slides that are relevant and you already have the decks in front of you. So I will refer to the page number and we'll take off from there.
Starting with the safe harbor statement, no additional information other than a critical information that you'll notice, which is on retail sales domestic of Tata Motors. Happy to announce that we are henceforth on a quarterly basis, we will report retail sales for both CV domestic, and PV domestic, like any other part of the world. And we would want to take this initiative from our end and we hope that other OEMs would follow suit as well. So that's on safe harbor statement.
On market conditions, the second quick slide on Slide number 3, it's not a slide deck that we would actually like to see, but that's what it is in terms of all parts of the world really getting into trouble be it on US, Brexit-related matters in the UK, China in particular, if you notice a change from green to an amber to a red at this point in time, hence that was in trouble and of course, India has been a very weak market situation at this point in time, and because of the muted demand environment that is there. So that's the environment that we see in front of us.
And an exciting product portfolio that has been launched in particular in -- if I look at the Indian operation, I think two big numbers, one is Harrier being launched and Nexon getting its 5 star rating. And even more excited that TML has now been rated as a second most attractive overall brand and the most attractive automotive brand. So quite happy with the progress that you've seen in the Indian (Technical difficulty)
Apparently, you're experiencing some technical difficulty.
And you are connected.
P B Balaji
Okay, can you -- Ralf, can you hear me now?
We can hear now. Yes, now it's quite fine. Thank you.
P B Balaji
Okay, apologies, guys, a bit of a technical snag that is sweeping through, so hopefully, this should be sorted with this. So going back into the models in JLR, we have the all-new Evoque that has been launched and is now available on sales with hybrid options. And the new Defender has been announced as well, the most eagerly awaited car, if any that is out there. And other big one that we have this quarter was