Tata Motors is investing up to ₹ 4,000 crores in the next two years to revamp and rationalise its product portfolio and introduce cleaner powertrains. It seeks to meet future emission norms of the industry that appear to be on course to scaling a fresh peak in sales volumes. 

The brokerage remains convinced of JLR meeting the FY23E volume estimate of 360k units with the order book at 200k units and sub-par inventory levels.

In addition, the company recently rolled out India’s first CNG- powered truck in the M&HCV segment. Further, it has launched a fleet of seven trucks in the intermediary and light commercial vehicle segment. Most truck makers currently offer CNG only in the small and light commercial vehicle segments. 

Tata Motors is working on a host of alternative fuel solutions in order to meet its net zero emission targets. With these prospects in mind, the company is hoping to create strong differentiation and recoup some market share it has lost in recent months. 

ICICI Securities has a buy call on the shares of  India’s largest commercial vehicle maker, Tata Motors Ltd. with a target price of ₹ 646 apiece, achievable in one year. The company’s shares were trading at ₹ 445.75 apiece at 11:30 am on Wednesday. This indicates an upside of 44.92% as compared to its current share price.

Tata Motors is a large-cap company in the auto sector with a market capitalization of ₹ 1.48 lakh crores. Its key products and revenue segment include motor vehicles, spare parts and others, miscellaneous goods, sale of services and other operating revenue for the year ending March 31, 2022.

The company reported a consolidated total income of ₹ 72822.02 crores, down 8.22 % from l total income of ₹ 79341.61 crores in the previous quarter this year and up 8.71% from ₹ 66988.05 crores in the corresponding quarter last year. It reported a net profit after tax of ₹ -4987.01 crores in the latest quarter.

Written by Simran Bafna


The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

To stay updated with the Latest Stock Market news, download our app here !

For editorial purposes, contact news@tradebrains.in

Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains.   Click here to Register today to Start your 3-Day FREE Trail . And do not miss out on the Introductory Offer!!

im电竞体育比赛手机版新版v2.7(im电竞体育即时电脑版) pc28加拿大平台走势号码 鲸鱼电竞决赛赛程 大神电竞积分即时 pc加拿大28走势位置在线官方网址 体育电竞数据0.2.2