Tata Motors Limited (TTM) Q2 2022 Results - Earnings Call Transcript

Tata Motors Limited (TTM) Q2 2022 Results Conference Call November 1, 2021 9:00 AM ET

Company Participants

Sneha Gavankar - General Manager, Mergers and Acquisitions
Thierry Bolloré - CEO, Jaguar Land Rover
P B Balaji - Group CFO
Adrian Mardell - CFO, Jaguar Land Rover
Girish Wagh - Executive Director, Tata Motors
Shailesh Chandra - President, Passenger and Electric Vehicle Business, Tata Motors

Conference Call Participants

Sneha Gavankar

Good day, and welcome to Tata Motors Q2 FY22 Earnings Conference Call.

I’m joined today by Mr. Thierry Bolloré, CEO, Jaguar Land Rover; Mr. P B Balaji, Group CFO, Tata Motors; Mr. Adrian Mardell, CFO Jaguar Land Rover; Mr. Girish Wagh, Executive Director, Tata Motors; Mr. Shailesh Chandra, President, Passenger and Electric Vehicle Business, Tata Motors; and my colleagues from the Investor Relations team.

Today, we plan to walk you through the earnings presentation followed by Q&A. As a reminder, all participant lines are in listen-only mode, and we will be taking questions via the Team’s platform, which is already open for you to submit your questions. You are requested to mention your name and the name of your organization while submitting question.

I now hand over to Balaji to begin the presentation.

P B Balaji

Thank you. Thanks Sneha. Firstly, welcome all of you for the Tata Motors Q2 results call.

Let me take you to the safe harbor statement. Next slide, please?

I want to pause here for a minute, draw your attention to the top right hand corner where how we have accounted for passenger vehicles business in this particular quarter. Since we have received the honorable NCLT’s approval for subsidiarizing the PV business, accounting will force us to actually take business as a discontinued operation in our standalone accounts. This does not impact the consolidated books of accounts. And therefore, what we are currently