Tata Motors PV eyes 15% market share soon, targets 20% by FY31: MD
TATAMOTORS set out an expansion for FY31 with October 1 in focus.
· BS Companies
Tata Motors Passenger Vehicles expects to cross 15 per cent domestic market share "very soon" and is working towards its previously stated target of 20 per cent by FY31, as the nearly year-old standalone business looks to drive significant growth through investments in new product categories, faster product interventions and powertrain expansion, its Managing Director and CEO Shailesh Chandra said.
Key facts
- Period
- FY31
- Dates in focus
- October 1
The analysis
TATAMOTORS reported movement of 15%, 20% and 40% for FY31. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
For TATAMOTORS, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is TATAMOTORS.
- Sector exposure: Auto.
- The immediate tone of coverage reads positive.
In this story
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