Buzzing stock: Tata Motors eyes turnaround by FY18E
Rohan Takalkar / 22 Aug 2017
Tata Motors is eyeing turnaround by FY18E with a massive expansion plan worth Rs 40,00 crore. The company has lost its market share to Ashok Leyland and Mahindra & Mahindra in the commercial space. The company has posted net loss of Rs 467 crore in the quarter ending June 30, 2017.
Tata Motors is eyeing turnaround by FY18E with a massive expansion plan worth Rs 40,00 crore. The company has lost its market share to Ashok Leyland and Mahindra & Mahindra in the commercial space. The company has posted net loss of Rs 467 crore in the quarter ending June 30, 2017.
The company targets to invest Rs 1,500 crore for commercial vehicles and Rs 2,500 crore for passenger vehicles.The domestic commercial vehicle segment has been the pillar for Tata Motors and it has consecutively lost market share to its peers like Ashok Leyland and M&M – up to 44% in FY17. This was largely due to poor supply of BS-IV vehicles at the start of FY17.
The company aims to regain its market share in the commercial vehicles’ segment and has lined up 10 new products. Of these 10 vehicles, six will be for the medium commercial vehicle segment and four for the intermediate CV category.
Tata Motors’ stock is currently trading at Rs 376 mark, up by 0.5% at 1121 hours.
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