Sustainable Profitable Growth Envisaged For Tata Motors India: ICICI Direct
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ICICI Direct Report
We attended the ‘Tata Motors Investor Day 2021 for India Business’, in which Tata Motors Ltd.’s senior management provided an update on the business environment and future outlook for the two India facing business segments.
We came away enthused by the exciting progress that the company has been making in its domestic commercial vehicle, passenger vehicle turnaround efforts.
The company reiterated its commitment towards near zero automotive net debt level by FY24E and is open to partnership in domestic PV business given segment’s capex needs.
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