BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Motors Ltd. hosted its India Business Investors Day in which it presented its strategy to meet its aspiration of -
1. leading the commercial vehicle industry with across cycle double-digit margin,
2. sustainably improving its position in the passenger vehicle industry with a high single-digit margin,
3. lead the electric vehicle disruption, and
4. attain zero debt by FY24.
We present below our key takeaways from this meeting -
The CV industry is expected to grow by 36-38% in FY22, with medium ahd heavy commercial vehicles growing at 60- 65%.
Light commercial vehicles and pick-ups could see slower growth (as they didn’t fall as much).
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