MARKET EYE-Tata Motors sales will rebound in March qtr-Morgan Stanley

Wed Dec 5, 2012 1:48pm IST

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* Morgan Stanley maintains its 'overweight' rating on Tata
Motors and is optimistic of a strong rebound in sales
in the January-March quarter, after visiting Solihull and Castel
Bromwich facilities of luxury unit Jaguar Land Rover (JLR).
* The investment bank says the recent weakness in numbers is due
to the slow ramp-up of launches rather than a "demand issue". 
* Most of the upgrades are slated for shipment in December, thus
numbers thereon should see a strong sequential pickup, the note
added. 
* JLR's global sales growth, a key issue for investors in Tata
Motors, has slowed in recent months and sales fell in September
for the first time in 14 months. 
* At 0806 GMT, Tata Motors shares were up 2.3 percent
at 277.75 rupees. 

 (manoj.dharra@thomsonreuters.com)
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