Domestic CV and PV outlook positive for 2HFY21. TTMT's 2QFY21 results were a mixed set with JLR margins at 11.1% (PLe 9%, -230bp YoY) while S/A margins at 2.9% (PLe 5%). JLR is seeing better volume recovery post Covid in key markets like UK and China with retail sales improving to 113.6k units in 2Q (v/s 74.1k units in 1Q). However, key overhang such as no deal Brexit, increasing covid cases in European markets and emission compliance norms continue to persist. Any favorable outcome from...