TATA Motors emerged as the top gainer in the month of January as compare to the other automotive brands worldwide. The Indians automotive giant registered a 43% of growth in its share price followed by the American brand General Motors with the gain of 22% as compared.
The Indian company has been performing well since August 2020, following the announcement by the company to be debt free within the duration of 3 years by the newly appointed chairman of Tata Sons, Mr. N Chandrasekaran.
The third quarter played major role in reducing the automotive debt to Rs 55,000 cr, with the FCF of Rs.7,000 crore generated by the Tata’s JLR. The company has been registering significant improvement in operating margins and financial deleveraging across all of its segments (JLR, Passenger Vehicles and Commercial Vehicles). The company is also getting benefits of its strong electric vehicle strategy.
The stock price of Tata Motors has grown form Rs. 120 in August-end to Rs. 341 as of yesterday.