Economic TimesLean R·
Tata Motors CV shares rise 4% as July sales jump 37% YoY. Nomura expects Iveco to support earnings recovery; check target price
Tata Motors CV rose sharply after the company reported a 37% year-on-year jump in July commercial vehicle sales. While Nomura remains cautious on near-term demand, it expects the Iveco acquisition, cost efficiencies and new product launches to drive earnings recovery over the next two years.
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