View on Tata Motors EV Update: Strong Quarter, Ambitious Targets Ahead from Saji John, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the view on Tata Motors EV Update: Strong Quarter, Ambitious Targets Ahead from Saji John, Research Analyst at Geojit Financial Services
"On the EV side, Tata Motors ended the quarter with a total of 19,000 units, putting it on course for a full-year volume of 100,000 units, supported by current order book & new launches lined up. Moreover, Tata’s market dominance remains at 76% despite significant competitive intervention during the quarter. The company intends to quadruple its E-Bus segment revenue this year as part of its 3300 electric bus supply by 2025. We also believe that the margin will improve in the future as a result of a drop in cell prices and increased localization under the PLI scheme."
Above views are of the author and not of the website kindly read disclaimer
