Why is Mahantesh Sabarad worried about Tata Motors capex plan?
Mahantesh Sabarad is concerned about the sustenance of Tata Motors’ capex for their JLR arms amidst worrying debt levels. Urban consumption has been weak due to inflation and Covid after-effects, with car and two-wheeler sales barely growing in single digits. However, the RBI’s recent pause suggests inflation may soon be under control, reviving urban consumption growth in the future.
