The company's commercial vehicle (CV) segment, too, reported volumes of 33,966 units, up 21 per cent YoY and 3.2 per cent on month-on-month (MoM) basis.
"Positive momentum was sustained (single digit growth MoM) in wholesale dispatches in the CV domain with trucks leading the space with healthy double digit YoY growth figure with buses segment still struggling. With government impetus for purchasing buses for urban transport and voluntarily scrappage policy under way, the segment is well poised to report robust numbers, going forward," ICICI Securities said in a note. The brokerage firm maintains 'buy' rating on
with target price of Rs 375 per share.
Re-imagine marks a bold and necessary step change in evolution for Jaguar Land Rover (JLR) in what is set to be a transformational decade for its business worldwide given the ongoing rise of Electric Vehicles (EVs). We are enthused by its commitment towards phasing out of solely fossil fuel powered vehicles by FY26E while maintaining financial discipline on the deleveraging and capex fronts, analysts said in stock update.
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