Motilal Oswal: Tata Motors - Near Net Debt Zero By FY24 Pivoted On Business Recovery

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.We had hosted Mr PB Balaji, Chief Financial Officer– Tata Motors LTd., for a meeting with a group of investors.Mr Balaji articulated their approach to achieving a near net debt zero target by FY24, primarily pivoted on -1. revenue improvement, b) cost-cutting, and c) capex control plans laid out for four key businesses (including non banking financial company).He discussed the businesswise roadmap to attaining positive free cash flow.Jaguar Land Rover (JLR) – recovery underway; FCF-positive from FY22 -Demand recovery is visible across markets in the U.S., UK, EU, and China.Only rest of the world (RoW) markets are yet to see recovery.JLR is seeing an additional boost from strong demand for the recently launched Evoque and Defender. This, coupled with a strong product pipeline, makes management positive on demand..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: Tata Motors - Near Net Debt Zero By FY24 Pivoted On Business Recovery

Motilal Oswal: Tata Motors - Near Net Debt Zero By FY24 Pivoted On Business Recovery

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