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Maruti Suzuki is Overthrown by Tata Motors

Deba, February 1, 2024

With a market capitalization of Rs 3.27 trillion, Tata Motors has overtaken Maruti Suzuki to reclaim the title of most valuable automaker in India. The 10% rise in Tata Motors’ stock price is a result of the company’s UK-based luxury vehicle affiliate, Jaguar Land Rover (JLR), achieving good sales and profit margins. Due to the company’s accomplishment of its free cash flow goals, investor opinion is now favourable. The three most valuable car companies in India are Eicher Motors, Mahindra & Mahindra, and Bajaj Auto. JP Morgan set a price target of Rs 925 for the rerated Tata Motors stock. Analysts anticipate that Tata Motors’ upcoming third-quarter earnings will show improved operating margins due to increased sales and a favourable product mix. Read More…

Also Read: Mahindra Scorpio N SUV Updated for 2024

Automobiles Top Stories Maruti SuzukiTata Motors

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