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  • 08 Apr 2022
  • ICICI Securities

Tata Motors receives institutional order in truck segment

TATAMOTORS - 417 Change: 11.25 (2.78 %)

News: Tata Motors has received an institutional order amounting to 1,300 units in the commercial vehicle space (M&HCV and I&LCV category) from VRL Logistics

Views: The said order will fetch the company ~Rs 250-300 crore as revenues and Rs 6-8 crore EBITDA (using margins clocked in Q3FY22 @2.6%) and bodes well for its overall market dominance in the domestic commercial vehicle space (market share at 40%+). The 1,300 units correspond to ~3-4% of its overall monthly sales in the CV domain

Impact: Positive

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