Tata Motors: Firmly on transformation path; Focus on offering affordable technology to gain competitive advantage
(TTMT IN, Mkt Cap USD8.2b, CMP INR181, TP INR200, 10% Upside, Neutral)
Tata Motors (TTMT) hosted the second edition of its Investors Day for the India business, where entire senior management of TTMT India business presented on its strategy and focus areas. The message was very clear – (a) a focus on leveraging technology to gain competitive advantage by making it more affordable as well as sustainable, (b) very high emphasis on modularization in both CVs/PVs to derive cost savings and reduce development cost/time and (c) a continued laser-sharp focus on growth, profitability and cash flow generation.
Tata Motors is an automobile company, engaged in the manufacture and sale of commercial and passenger vehicles primarily in India. Co. provides cars, utility vehicles, trucks, buses, and defense vehicles, as well as develops electric and hybrid vehicles for personal and public transportation. In addition, Co. is engaged in the provision of engineering and automotive applications, as well as machine tools and factory automation applications; construction equipment manufacturing; automotive vehicle components manufacturing, among others. Co. markets its vehicles in Europe, Africa, the Middle East, South East Asia, South Asia, and South America.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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