InCred Equities has initiated coverage on Tata Motors’ commercial vehicle (CV) business with an Add rating and a price target of Rs 513, citing up to 16% upside. The brokerage highlights a turning CV cycle, strong brand recall, sustained profitability, and robust volume growth as key drivers. Tata Motors’ CV volumes are expected to grow faster than the industry through FY28.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets