“Over the past few years, we have driven some strategic changes which have led to strong margin growth, robust free cash flows, and high return on capital employed,” he said, adding that profitable growth and global expansion remain core priorities.
Tata Motors’ commercial vehicle (CV) business was listed as a separate entity on the stock exchanges on November 12. The new entity began trading at ₹335 per share, a 28% premium to its pre-open price discovery level of ₹260.The existing listed company has been trading as Tata Motors Passenger Vehicles for about a month.
Wagh said the GST rate rationalisation has supported demand recovery across segments. “There has been good demand in smaller commercial vehicles due to price reduction and higher consumption,” he said adding that there is also an increase in freight, which will lead to secondary demand for long-haul, medium, and heavy-duty trucks. “Therefore, we are quite optimistic about the second half of this financial year.”He also underlined the company’s commitment to decarbonisation and circularity as key parts of its regulatory and sustainability roadmap. “There has been close coordination with the government on safety, emissions, and CO2 norms,” he said. “We’re not only working towards compliance but leading some of the important transitions, especially in decarbonisation and circularity.”
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