TMCV

🌍 Strategic Developments

📈 Business & Financial Updates Revenue growth remains strong (~15–16%) But: Profit declined (~40–50% YoY) due to margin pressure Indicates: Good demand But cost pressures impacting earnings 🚚 Industry Outlook (Big Trigger) Commercial vehicle (CV) cycle is turning positive Key drivers: Infrastructure spending Logistics growth Economic recovery 👉 This is the biggest positive for TMCV 🌍 Strategic Developments Large export orders (Indonesia deal ~70,000 vehicles) Expansion in: Global CV markets Electric & alternative fuel vehicles Possible benefits from: EV adoption in LCV segment Hydrogen truck development 📊 Brokerage View Positive outlook from global brokerages: Targets in ₹480–₹650 range Reasons: