Tata Techs headcount has increased by 8% from FY23-end despite ongoing ramp-down in Vinfast. This indicates that the company has been able to redeploy resources and back-fill Vinfast revenues.
Tata Technologies, with its full vehicle proposition and end-to-end EV capability is a play on the electrification-led outsourcing theme, JM Financial said earlier this month.
On Tuesday, Tata Technologies stock was trading at Rs 1,161.65, down 0.88 per cent. While the Tata group scrip is trading 132 per cent higher than it IPO issue price of Rs 500, it off from Rs 1,400 level, the scrip hit on Day 1 of its listing.