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2025-04-12 12:12:16 pm | Source: Motilal Oswal Financial Services Ltd
Neutral Tata Motors Ltd For Target Rs. 725 by Motilal Oswal Financial Services Ltd
Neutral Tata Motors Ltd For Target Rs. 725 by Motilal Oswal Financial Services Ltd

* For India, both PV and CV volumes declined ~6%/3% YoY.

* CVs’ EBITDA margin is expected to expand 90bp YoY, while EBITDA margin for PV is likely to remain stable YoY at 7.3%.

* JLR volumes are expected to grow 3% YoY. However, we expect EBITDA margin to be under pressure and contract 130bp YoY due to rising discounts and higher warranty costs.

* Overall, we expect TTMT to post 8% PAT growth.

 

 

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