The optimism is underpinned by major progress at Jaguar Land Rover (JLR), a substantial reduction in automotive debt, a focus on profitability in domestic operations, and recent order wins in the domestic bus segment.
Given this, the Management anticipates a major recovery in the second half of FY25, supported by eased supply constraints and strategic cost management, though marketing expenses will likely remain high to bolster JLR’s order book.
The northward move in the Tata Motors share today came after domestic brokerage DAM Capital upgraded Tata Motors to ‘Buy’ from ‘Neutral’.
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