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

Mon Dec 17, 2012 1:55pm IST

Related Topics

Stocks

   

* 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)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS EXCLUSIVE

REUTERS SHOWCASE

iOS 8 Issue

iOS 8 Issue

iOS 8 causing Bluetooth connectivity issues - Apple news blog  Full Article 

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Full Coverage 

NYT Job Cut

NYT Job Cut

New York Times to cut jobs as new products disappoint  Full Article 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Weak Demand

Weak Demand

Weak demand hits factory activity across Asia, Europe  Full Article 

Pimco Fund

Pimco Fund

Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Full Article 

Hopeful of Profit

Hopeful of Profit

GM sees first European profit in 2016 after years of losses  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage