Tata Motors’ India Business Scaling In The Right Direction: ICICI Securities 
A vehicle exits a Tata Motors Ltd. dealership in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg).

Tata Motors’ India Business Scaling In The Right Direction: ICICI Securities 

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 Securities Report

Tata Motors Ltd.’s India management on its annual investor day gave an update on the domestic outlook and strategy.

The key takeaways were -

1. India commercial vehicle business growth is likely to be approximately 38% YoY in FY22 driven by medium and heavy commercial vehicle segment;

2. Commercial vehicle business’ revolves around providing superior value to customers (e.g. lower total cost of ownership, superior value-added services);

3. aim is to consolidate the company’s number three position in the passenger vehicle segment with new product introductions (two new SUV launches in CY20) equipped with superior features.

Click on the attachment to read the full report:

ICICI Securities Tata Motors Company Update.pdf

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