Tata Motors up 4%; India business recovery to accelerate, but JLR outlook key
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MUMBAI, Feb. 23 -- Shares of auto major Tata Motors Ltd rose 3.75% on the National Stock Exchange on Tuesday as the Street cheered the management's comments shared on India Business Investors Day.
The management reiterated its key focus areas for the next two to three years, which include securing market share gains in passenger vehicles (PV) and commercial vehicles (CV) segments via new launches, double digit Ebitda in commercial vehicles, and high single digit Ebitda. Ebitda is short for earnings before interest, tax, depreciation and amortisation. The management also said that it remains committed to achieving a zero net debt status at the consolidated level by fiscal 2024.
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