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Prabhudas Lilladher Report
Tata Motors Ltd. hosted ‘Investors Day’ for the India business. The management’s re-iterated key target areas over next two to three years are -
1. continued market share gains both in passenger vehicle and commercial vehicle led by competitive launch,
2. double digit Ebitda in CV and high single digit Ebitda in next three years,
3. free cash flow break even by FY23 and
4. retaining leadership in electric vehicle business.
We believe sharp focus on execution both in CV and PV business will help to drive strong operating performance in standalone business.
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