The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst
: I had just a follow-up on the China thing. Now at this level of volumes, the EBIT margin is still very, very negative. So how should we look at it? I
mean does -- I mean if volumes were to improve only gradually, do you see the margin trajectory improving? Or we continue to see that this
business will be -- will have a big loss portfolio?
Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst
: Yes, yes, yes. It's the JV.
Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst
: Okay. Any guidance you can give as to how should we see this trajectory improving? I mean do we see this turning positive anytime soon or this
stays negative until we really see the mix in terms of new products coming through?
Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst
: Okay. And the second question I had was on the capital raise. Now this is entirely going to be used for your stand-alone operations, as I understand.
Is there any thought process to look at -- to think about looking at the funding gap at JLR? Because clearly, your own guidance is that it stays
negative for 2 years. And I mean what is the thought process that -- is there going to be any infusion to bridge the gap -- funding gap there?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
OCTOBER 25, 2019 / 1:00PM, TAMO.NS - Q2 2020 Tata Motors Ltd Earnings Call
Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst
: Okay, got it. Just last question, if I can squeeze in, on the alliance with BMW. And we've also spoken about looking at such more alliances. Could
you show some more light on it? I mean what kind of alliances we are looking at? And does that mean that there is a case for CapEx to be lower
from where we are currently at JLR?
| 
