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
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Tata motors is always a one car one model co.
Earlier sumi,then horrible indica ,and nano which duped so many users
Now it’s only Nexon and when it battery replacement happens….god knows what
Ratan tata has been instrumental in playing his hobby games at tata motors with no understanding of segmentation on experimentation
Neve belive or will in tata motors cars
Tata nexon has been worst product of Tata . Our Nexon has given teething problem due to which we have to sell the car in loss .
Change of guard in England has a potential pressure on the guidelines of the company. The price of the stock will remain flat for a month.