Tata Motors' (TML) Q1FY19 consolidated revenues at | 67081 crore (up 14.7% YoY, down 26.5% QoQ), below estimate of | 71293 crore Consolidated revenue was below estimate as JLR revenue of ~5.2 bn, came in below our estimate of 5.69 bn. The miss is attributable to volumes as wholesale volumes were down ~5% to ~131600 units (our estimate ~140222 units) due to temporary issue of sales deferral from lower duties in China & planned dealer stock reduction Reported consolidated EBITDA margins were at 9.5% (our estimate:...