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Tata Motors Q1 Review - Strong Performance Under JLR, India CVs; India PV Margin Disappoints: ICICI Securities

For the company's India business, with CV set to remain flat and PV growing in single-digits, the brokerage believes, the key driver of Ebitda growth would be improving margins in the EV business.

<div class="paragraphs"><p>Tata Motors Ltd. (Source:&nbsp;NDTV Profit)</p></div>
Tata Motors Ltd. (Source: NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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