Management looks more arrogent types, prefer using helicopters to visit plants, poor capital allocation in force one SUV, Gurkha delayed for launch to compete with Thar however its no comparison to Thar. No updates on Rolce Royce venture though it strated in 2019, asset turnover ratio is bad.
Positives
Stock is very cheap compared to book value of 1400 something.
Mercedes, BMW business is crossing 20000 cars annually now which will cater to 1200-1400 cr revenue.
Electric traveller will be a game changer, no dates when it will come to market.
Tourism will create additional demand for travellers. Dont know if office demand will pickup as WHF concept is here to stay.
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