{"id":24619,"date":"2022-08-08T10:46:26","date_gmt":"2022-08-08T05:16:26","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=24619"},"modified":"2022-08-08T10:54:24","modified_gmt":"2022-08-08T05:24:24","slug":"alpha-tata-motors-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619","title":{"rendered":"Alpha | Tata Motors Ltd. &#8211; Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/FI_Alpha-TataMotorsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New.png\" alt=\"\" class=\"wp-image-24620\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New.png 983w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New-300x143.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h2><strong>Tata Motors Ltd. \u2013 Turnaround Story<\/strong><\/h2>\n\n\n\n<p>Incorporated in 1945, Tata Motors Limited is India\u2019s largest automobile company and the market leader in the domestic CV industry, and one of the top three manufacturers of PVs in India. Part of the illustrious multi-national conglomerate, the Tata group, offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses, and defence vehicles to the world. TML has six manufacturing plants in India at Pune (Maharashtra), Lucknow (Uttar Pradesh), Jamshedpur (Jharkhand), Pantnagar (Uttaranchal), Dharwad (Karnataka), and Sanand (Gujarat). <\/p>\n\n\n\n<h2><strong>Valuation:<\/strong><\/h2>\n\n\n\n<p>The Robust booking pipeline, strong market share, low channel inventory, upcoming launches, and the available capacity to ramp up EV act as growth triggers for Tata Motors. We recommend a BUY rating in the stock with the target price (TP) of Rs.574, 6x FY24E EV\/EBITDA.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/FI_Alpha-TataMotorsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tata Motors Ltd. \u2013 Turnaround Story Incorporated in 1945, Tata Motors Limited is India\u2019s largest automobile company and the market leader in the domestic CV industry, and one of the top three manufacturers of PVs in India. Part of the illustrious multi-national conglomerate, the Tata group, offers a wide and diverse portfolio of cars, sports [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":24620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,786,108,746,517,745,272,124],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Tata Motors Ltd. - Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Tata Motors Ltd. - Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Tata Motors Ltd. \u2013 Turnaround Story Incorporated in 1945, Tata Motors Limited is India\u2019s largest automobile company and the market leader in the domestic CV industry, and one of the top three manufacturers of PVs in India. Part of the illustrious multi-national conglomerate, the Tata group, offers a wide and diverse portfolio of cars, sports [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-08T05:16:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-08T05:24:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New.png\" \/>\n\t<meta property=\"og:image:width\" content=\"983\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New.png\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/08\/Alpha-New.png\",\"width\":983,\"height\":467},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619\",\"name\":\"Alpha | Tata Motors Ltd. - Equity Research Desk\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619#primaryimage\"},\"datePublished\":\"2022-08-08T05:16:26+00:00\",\"dateModified\":\"2022-08-08T05:24:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/alpha-tata-motors-ltd-equity-research-desk\/24619#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha | Tata Motors Ltd. &#8211; 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