Tata Motors Anticipates Robust Domestic Recovery Amid Overseas Slowdown

Tata Motors expects a gradual recovery in the domestic market driven by new launches and the festive season, despite muted global demand. The company remains optimistic due to positive economic conditions and government infrastructure investments. Key strategies include cost reduction, effective marketing, and targeted product interventions.

Tata Motors projects a sluggish demand in overseas markets for this fiscal year but remains hopeful for a gradual rebound in the domestic market, supported by new vehicle launches and the upcoming festive season.

Earlier this month, the Mumbai-based automaker reported consolidated net profit of Rs 5,566 crore and total income of Rs 1,09,623 crore for the June quarter.

Global CFO PB Balaji noted in an analyst call that global demand is likely to remain muted, with no immediate changes anticipated. However, the company expects domestic demand to improve gradually, aided by government infrastructure investments, favorable economic conditions, and new launches.

(With inputs from agencies.)