MARKET EYE-India's Tata Motors gains on JLR Nov sales

Mon Dec 17, 2012 1:55pm IST

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* Tata Motors shares gain 0.7 percent, heading for a
third day of gains, after stronger-than-expected November sales
at Jaguar Land Rover (JLR) reduced concerns about the outlook
for the key unit of the Indian auto maker.
* Tata Motors reported on Friday global wholesale sales of
102,337 vehicles in November, with JLR reporting sales of 34,649
vehicles. 
* Nomura says JLR's November sales reduce concerns about the
unit after volumes had disappointed over the last few months,
according to its note dated Friday.
* Morgan Stanley says JLR volumes should continue to improve on
the back of the introduction of a new Jaguar F-type model, whose
production is set to begin in February, and gaining market share
in China, JLR's major growth market.

 (manoj.dharra@thomsonreuters.com)
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