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Below are Quote on Tata Motors Numbers by Mr. Milan Desai, Lead Equity Analyst, Angel Broking   

Tata Motors has posted good volume recovery on MoM basis. The total Domestic Sales have grown by 78% MoM (+125% YoY) to 43,704 units. Total Domestic CV sales grew by 107% MoM/108% YoY to 19,594 units while PVs were up 59% MoM to 24,110 units. CV exports were up 23% MoM to 2,506 units, as against 856 units in May’20. Although the recent months have been impacted, we expect the scenario to gradually improve for CVs during H2 with better freight availability and pick up in construction. We have a positive view on the stock on due to factors such as focus on electrification, focus on profitability, and cash flows at JLR and rebound in overall demand, among others.

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