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2 years ago
BUZZ-India's Tata Motors falls on slowdown worries of China's luxury car market
July 14, 2015 / 6:03 AM / 2 years ago

BUZZ-India's Tata Motors falls on slowdown worries of China's luxury car market

** Tata Motors Ltd shares fall over 2 pct; down 19.6 pct YTD

** Investors seeing read-across from Brilliance China Automotive Holdings Ltd's profit warning on Monday

** Brilliance makes mini vans for China's domestic market and assembles luxury cars for BMW

** Worries of a slowdown in China's luxury car market hurting Jaguar Land Rover sales, weighing on Tata Motors' stock, say analysts

** After witnessing a strong growth of 47 pct CAGR over FY10-15, JLR has been reporting weak headline retail sales in China since January 2015 - Ambit Capital

** Credit Suisse removes Tata Motors from its Asian portfolio (RM: karen.rebelo.thomsonreuters.com@reuters.net)

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