Tata Motors shareholders meet today approved the Hiving off of its Passenger Vehicles Business to a new Unit . Tata Motors currently has a Buisness of Rs 9417 Crore in Passenger Vehicles Segement.
As we all know Passenger Vehicles has been a segment where Tata Motors has seen recent growth. The recent push for Atmanirbhar Bharat has also given a strong push to Tata Motors PV Business with more people opting for the Indian Company.
Also Tata Motors has always had a strong edge over its competitors for the Outer body of the vehicle as it has its own Steel sheets in Tata Steel leading to lower costs. So we can expect strong growth overall for TATA MOTORS as its Passenger and Commercial Vehicle segment will be handled separately and with more focus.
Same has been reflective on the shares of Tata Motors as it has grown more than 100% over the last 6 months. The company plans to settle this transition by May-June this year. Same was approved by 99.958% shareholders.
So we may get to see some strong vehicles coming out in the Passenger Vehicles segment from Tata Motors over the next 2-3 years and be ready to buy them as India pushes for Atmanirbhar Bharat.
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