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As a consequence, the operating margin jumped 638 basis points year-on-year to 20.18%.

This investment is anticipated to result in a gross development value (GDV) of over Rs 3,500 crores

Passenger Vehicle production also rose by 13 %, with 1,73,230 units produced in October 2023, up from 153,550 units in the same month the previous year

This deal is consistent with the company's resolve to concentrate on its primary operations and resources.

According to a statement from Tata Motors, TPEM and JLR will also sign an Engineering Services Agreement (ESA) to assist TPEM's change content requirements for the first vehicle development.

From July to September, the company's net profit dropped by 78% year over year to Rs 60.10 crore. Additionally, revenue suffered, falling to Rs 2,424 crore, down roughly 11% year over year.

Recommendation: Buy; Target Price: Rs 765

EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by a substantial 32.6% to Rs 225 crore from Rs 169.7 crore the year before.

Recommendation: Add; Target price: Rs 3330

The company has disbursed almost Rs 30,700 crore so far this year, representing a 16% increase in comparison to the same period last year.