Tata Motors - Lagging The Electrification Trend; ‘Chips’ Are Down: Nirmal Bang Initiates Coverage

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. .Nirmal Bang Report.We see a strong turnaround in Tata Motors Ltd.'s commercial vehicle and passenger vehicle businesses being mostly factored into the stock price. But, we anticipate broader market expectations about Tata Motors' Jaguar LandRover’s revival plans and medium-term strategy to be overly ambitious. We see JLR’s electrification strategy significantly lagging the global electrification trends (~38-40% of global electric vehicle sales are premium; of which JLR’s market share is less than1%). We see accelerated transition to EVs by competitors denting JLR’s market share and profitability. We also believe that JLR has limited capabilities for an accelerated EV push (higher investments) given its already stretched operating metrics (guidance of sustainable free cash flow positive only from FY24E and net cash positive in FY25E)..Click on the attachment to read the full report: .DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Motors - Lagging The Electrification Trend; ‘Chips’ Are Down: Nirmal Bang Initiates Coverage

Tata Motors - Lagging The Electrification Trend; ‘Chips’ Are Down: Nirmal Bang Initiates Coverage

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