Diwali Dhamaka - Tata Motors

Buy - TATAMOTORS

CMP (NSE) 10:24, 20 May

418.30 19.654.93%

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Sector

Automobiles

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Reco. Price

482

Period

12-Months

Target Price

610

upside

%

Stop Loss

0

Last updated on

03 Nov, 2021

Tata Motors Group is a leading global automobile manufacturer.

TTMT has taken the lead in this nascent market, with ~70% market-share. Some of the factors that are aiding higher EV penetration are government incentives, launch of relatively affordable models, rise in ICE vehicle prices, sharp rise in fuel costs, etc.

TTMT’s planned passenger car EV subsidiary (‘EVCo.’) will be asset-light and would house all dedicated EV talent and design capabilities. ‘EVCo.’ would invest USD2bn over the next five years in products, platforms, charging infrastructure, etc.

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