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Tata Motors PV Sales Jump 23% In October, So Why Is Citi Cutting Its Valuation?

Tata Motors PV Sales Jump 23% In October, So Why Is Citi Cutting Its Valuation?

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Citi has reduced its EBITDA estimates for Tata Motors' India passenger vehicle business, arguing that healthy volumes are being more than offset by lower margins amid rising cost pressures.

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