Tata Motors, India’s largest automotive company by sales, has surpassed Maruti Suzuki in market value for the first time in over seven years, demonstrating the growing strong performance of all of its goods, which cross both categories and national borders.
Tata Motors’ market value (together with Tata Motors DVR) has surpassed that of Maruti Suzuki for the first time since February 2017, following a steady growth through January. Tata Motors’ market capitalization was at ₹3.14 lakh crore as of Tuesday’s closure. Shares of Tata Motors and Tata Motors-DVR reached 52-week highs of ₹886.30 and ₹589.30, respectively, throughout the day.
Himanshu Singh, a Research Analyst specializing in the automotive industry at Prabhudas Lilladher, stated that Tata Motors has shown strong performance across its various segments, including passenger vehicles, commercial vehicles, and Jaguar Land Rover (JLR).
According to Prabhudas Lilladher’s Singh, Tata Motors has been a frontrunner in the domestic electric car industry, acquiring a large local market share. Maruti Suzuki, on the other hand, has been hit by headwinds as a result of its focus on low-cost passenger vehicles. However, the brokerage rates both equities as ‘Buy’.
At around 10.42 AM, Tata Motors was trading 2.78% higher at ₹882.75, against the previous close of ₹858.85 on NSE. The counter rose to a new 52-week high of ₹896.50 today.
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