Ways2Capital Reviews : Tata Motors To Complete Half Century Of CV Launches This Fiscal

India’s largest commercial vehicle manufacturer, Tata Motors Limited (TML) has put in place aggressive plans to further strengthen its position in the commercial vehicle (CV) space. The company will launch close to 50 CVs in India in FY19, including variants and facelifts. It had launched a similar number of vehicles in FY18.

The aggressive product launch had paid good dividends for the company as its market share in the domestic CV space inched up from 44.4% in FY17 to 45.1% in FY18. The company had saved Rs1,900cr in FY18 as a result of cost-saving measures in CVs and PVs. It expects to achieve a similar quantum of savings in FY19 and will invest Rs1,500cr in CVs this fiscal. The amount will be spent in R&D, capacity expansion and making products BS-VI compliant before the emission norms kick in with effect from April 1, 2020.

Tata Motors Ltd is currently trading at Rs304.70 down by Rs1.85 or 0.6% from its previous closing of Rs306.55 on the BSE. The scrip opened at Rs308.45 and has touched a high and low of Rs308.45 and Rs304.30 respectively. So far 10,66,283 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs97,682.51cr.
 
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About Bhoomi Desai

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