Tata Motors – DVR

Tata Motors released the vehicle sales performance
JLR : https://www.bseindia.com/xml-data/corpfiling/AttachLive/7ef4f7b7-1877-4ad7-825e-d45f920851fa.pdf
Domestic Business: https://www.bseindia.com/xml-data/corpfiling/AttachHis/11c2c596-664d-4e41-9cbe-c05b355323d1.pdf

Though the PV domestic sales was a bit low, I believe it was because of their facelift variants of Nexon and other models. They are coming out with facelift versions, which are feature loaded and extremely well priced in my opinion.
What is exceptional is their JLR business which has sold 106561 vehicles (including china , Cherry JLR) and they have an order book of 168000 vehicles ( Q1FY24 – 185000 vehicles). They are able to produce 5000 vehicles per week , and had 2 week of planned shutdown this quarter at the plant.

Hi @Hemanth1121 ,
Yes Divgi I feel is a great business, but its fairly valued in my opinion. The strengths of the business

1. EV Gearbox supplier for both Tata and M&M
2. Virtual monopoly in the 4×4 space due to their torq converter portfolio
   Current capacity can give them around 500-600 Cr of sales
   Other drivers will be EV gearbox of 3 Wheelers. I will try to write more on the company and the product soon

Disc: Tata Motors is almost 22% of my PF and i am heavily biased.