Sustainable Profitable Growth Envisaged For Tata Motors India: ICICI Direct
Pedestrians walk past the logo of Tata Motors Ltd. displayed on the exterior of the Prabhadevi Concorde Motors India Ltd. dealership in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Sustainable Profitable Growth Envisaged For Tata Motors India: ICICI Direct

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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.

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.

Click on the attachment to read the full report:

ICICI Direct TataMotors Company Update.pdf

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