Tata Motors is an A /T+1 group Passenger Cars & Utility Vehicles company with having Face value of Rs. 2. Tata Motors Limited is a leading global automobile manufacturer of cars utility vehicles buses trucks and defence vehicles. As India's largest automobile company and part of the USD 37 billion Tata Group. Tata Motors has operations in the UK South Korea Thailand South Africa and Indonesia through a strong global network of 86 subsidiary and associate companies including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In India Tata Motors is a market leader in commercial vehicles and among the top passenger vehicles manufacturers with 9 million vehicles on Indian roads. With design and R&D centres located in India the UK Italy and Korea Tata Motors strives to pioneer new products that fire the imagination of GenNext customers.

Fundamentals (FY22-23):

Financial Results:

Company’s Net Sales was at Rs 88,488.59 crore in December 2022 up by 22.51%, Quarterly Net Profit at Rs. 2,957.71 crore in December 2022 up by 295.08% and EBITDA stands at Rs. 11,950.62 crore in December 2022 up by 53.6% compared to December 2021.

List of recent updates regarding the company:

1. Tata Motors signed an MoU with Uber to bring 25,000 XPRES–T EVs into their premium category service. Aligned towards its goal of a clean and green environment, Tata Motors will be aiding Uber in electrifying their services across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad. The Company will begin the deliveries of the cars to Uber fleet partners in a phased manner, starting this month.
2. In July 2021, company launched the ‘XPRES’ brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. The new XPRES-T electric sedan comes with 2 range options – 315km and 277km (ARAI certified range under test conditions). It packs a high energy density battery of 26 kWh and 25.5 kWh and be charged from 0- 80% in 59 mins and 110 mins respectively, using fast charging or can also be normally charged from any 15 A plug point, which is easily available and convenient.
3. Tata Motors recently completed the delivery of 218 Winger veterinary vans to the Government of West Bengal. The specially customised Tata Winger will be utilised by the Department of Animal Resource Development for animal and livestock welfare.
4. Tata Motors recently delivered the first batch of 2000 Tiago.evs, which received a stupendous response from the market, surging past the 10,000 mark booking in a single day, making it the Fastest Booked EV in India.
5. Recently at Auto Expo 2023, Tata Motors aspires net-zero emissions by 2045 for commercial vehicle business. It unveiled 14 exclusive vehicles & concepts representing, India’s greenest, smartest, and most advanced range of logistics & mass mobility solutions. It also Exhibited: smart digital and connected vehicle offerings: e-Dukaan, Fleet Edge & Fleet Management Solution.
6. Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) for a 7 MW captive solar power project at its Pantnagar plant in Uttarakhand. Collectively, this installation is expected to generate 215 million units of electricity, potentially mitigating over 1.7 lakh tonnes of carbon emissions. This is equivalent to planting over 2.72 lakh teak trees over a lifetime.
7. Tata Passenger Electric Mobility Limited, a subsidiary of Tata Motor’s Limited has completed acquisition of Ford India’s Sanand plant which will help to ramp up its EV mobility production and increase sales.
8. Tata Motors commenced deliveries of the all-new Ace EV, India’s most advanced, zero-emission, four-wheel small commercial vehicle. The first fleet of the revolutionary Ace EV was delivered to leading e-commerce, FMCG and courier companies, and their logistics service providers: Amazon, Amplus EV, Delhivery, DHL (Express & Supply Chain), FedEx, Flipkart, Johnson & Johnson Consumer Health, MoEVing, Safexpress and Trent Limited.
9. Tata Motors bagged many orders for its Tata Star Bus Ev from different state govts’ like Delhi, Bangalore. Tata Starbus EV are are 1500 low-floor, 12-metre air-conditioned electric buses which offers superior design and best-in-class features for comfortable travel.
10. Tata Motors also signed an MoU with Everest Fleet Private Limited for the delivery of 5000 XPRES-T EVs and 2000 XPRES T EVs to Evera. Recently, it has rolled-out 50000 EV, from its Pune facility.
11. Tata Motors will also provide eco-friendly public transport solutions to Jammu & Kashmir’s smart cities.

In past three year the stock gave a return of 175.51% as compared to Sensex which gave a return of 46.23% and 175.39% return compared to 46.42% rise in Nifty.

Tata Motors has recently unveiled First in India: Most comprehensive range of greener sustainable logistics and mass mobility solutions across CV segments, powered by natural gas, electric and hydrogen. It has revealed Unique Hydrogen propulsion concepts under names Starbus Fuel cell EV- India’s first Hydrogen fuel cell bus for commercial application, PRIMA E.55S– India’s first hydrogen fuel cell powered Tractor concept and PRIMA H.55S– India’s first hydrogen ICE powered concept truck. Considering the Government’s push for faster adoption of EV and Green Hydrogen as a fuel under schemes such as FAME and Green Hydrogen Mission, Tata Motors is well poised to be benefited under these schemes. Tata Motors has been the first Indian company to launch its EV fleet and grabbed the opportunity of being Early Mover in this space and with its ambitious plan of becoming net zero in near future by converting its entire fleet into net zero emission backed by healthy financial books and trust of Tata group’s legacy. Investors looking for safe investments and healthy returns can add this company’s stock into their portfolios for long term period.

HET ZAVERI

info@smartinvestment.in

(Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody. Investors must take advice from their financial advisors before investing in any stocks.)