Commercial Vehicle recovery key to Tata Motors re-rating

Peers like Ashok Leyland get higher valuation; they have gained market share at Tata Motors' expense

Ram Prasad Sahu  |  Mumbai 

Tata Motors has reported another tepid show, for the month of June. After having lost about 570 basis points in market share over three years, it reported a two per cent year-on-year decline in commercial vehicle (CV) sales. Closest peer Ashok Leyland reported an 11 per cent spurt for the same period. Barring the under-2 tonne mini truck segment, it has lost significant market share in the nine sub-segments that make up the light, medium and heavy CV sector. From dominating almost all categories, it ceded market leadership in the 7.5-12 tonne segment to Volvo Eicher ...

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