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Motilal Oswal Report
Tata Motors Ltd. hosted its India Business Investors Day in which it presented its strategy to meet its aspiration of -
1. leading the commercial vehicle industry with across cycle double-digit margin,
2. sustainably improving its position in the passenger vehicle industry with a high single-digit margin,
3. lead the electric vehicle disruption, and
4. attain zero debt by FY24.
We present below our key takeaways from this meeting -
The CV industry is expected to grow by 36-38% in FY22, with medium ahd heavy commercial vehicles growing at 60- 65%.
Light commercial vehicles and pick-ups could see slower growth (as they didn't fall as much).
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