Tata Motors has soared by nearly 3% on Monday, after touching an intraday high of Rs331.85 per piece after the luxury car subsidiary Jaguar Land Rover (JLR) announced its future outlook in the latest investor day presentation.
JLR said, "We remain committed to competitive growth."
Highlighting its key focus area for the business, JLR stated the following in the investors' relation:
SCV and Pick up segment:
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Leverage Ace Petrol at a price point equivalent to BS4; and reinforce Ace diesel brand equity.
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Build on the initial success of Intra by introducing additional variants.
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Drive product superiority of Yoddha in Large Pickups, with network and ecosystem initiatives to increase the penetration.
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Network growth including rural, customized retail finance scheme and brand advocacy.
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Micro-segmentation for application/ geography specific selling, including alternate fuel options.
MHCV and ILCV segment:
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Continue with ‘First in the market’ products to drive share and realization.
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Focus on product refresh and variants at key tonnage points for enhanced customer earnings.
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Leverage customized Value Added Service offerings for better conversion and realization
CV passenger segment:
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Deliver efficient, value-focused options for Bus segments (Staff and School)
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Build STU specific products to increase penetration
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Drive demand for Vans in key applications such as healthcare, school and staff
JLR also said that the company will expand the network to drive higher reach and penetration. JLR expects 1,556 sales touchpoints and 2,892 service touchpoints by FY21 end.
JLR plans to achieve double-digit EBITDA.
At around 12.14 pm, Tata Motors trade at Rs326.20 per piece up 1% on Sensex.
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