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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.
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