- 06 Mar 2023
- ICICIdirect Research
TATA MOTORS CROSSES 5 MILLION UNITS OF PRODUCTION MILESTONE
TATAMOTORS - 712 Change: -3.30 (-0.46 %)News: As per media sources, Tata Motors has crossed 5 million units of production milestone. This is amid its current production monthly production run rate of ~45,000 units per month with FY23E volumes pegged at ~5.4 lakh units and its captive production capacity pegged at ~6 lakh units per annum, which post Ford plant acquisition could increase to ~10 lakh units per annum
Views: The company's forever range of passenger vehicles has brought in resounding success for the company in recent times with top sellers being Tata Nexon, Punch, Tiago, Altroz among others. It has helped it improved its domestic market share to ~13% in FY23 YTD vs. 5% as of FY20. It is also leading the EV charge with dominant 80%+market share domestically and Nexon EV as the top selling model. With exciting product launches in the ICE as well as EV domain we continue to remain positive on the company with near term key monitorable being a revival in volumes at its foreign operation JLR
Impact: Positive