December 5, 2012 / 8:22 AM / 5 years ago

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

* 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below