Tata Motors Limited (TTM) Management on Q4 2022 Results - Earnings Call Transcript

May 13, 2022 10:10 AM ETTata Motors Limited (TTM) StockTTM
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Tata Motors Limited (TTM) Q4 2022 Earnings Conference Call May 12, 2022 9:00 AM ET

Company Participants

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

Sneha Gavankar

Good day. Welcome to Tata Motors Q4 FY '22 Earnings Conference Call.

I'm joined today by Mr. Thierry Bollore, CEO, Jaguar Land Rover; Mr. PB Balaji, Group CFO, Tata Motors; Mr. Girish Wagh, Executive Director, Tata Motors; Mr. Shailesh Chandra, MD, Tata Motors Passenger Vehicle Limited and Tata Passenger Electric Mobility Limited; Mr. Adrian Mardell, CFO, Jaguar Land Rover; and then colleagues from the Investor Relations team.

Today, we plan to walk you through the earnings presentation followed by Q&A. [Operator Instructions] I now hand over to Balaji to begin the presentation.

PB Balaji

Thank you. Welcome, everybody, and thanks for taking the time to attend the call. Going to the safe harbor statement. I want to take a minute on this to explain of a few changes that we have put through in the way we are presenting our numbers post the subsidiary election of the -- sorry, passenger vehicle and the electric vehicle business in India.

Due to this change, the stand-alone business, which earlier had the PV and the CV businesses, now has just the CV business and all the debt that is there. So as such, other than for dividend reporting purposes, it doesn't have much of a relevance in the overall scheme of things. So what we have done here onwards is to actually start reporting numbers on a consolidated basis.

So accordingly, we have 2 segments in the consolidated results, one is

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