Tata Motors continues to zoom; CLSA sees more scope for grow

Tata Motors continues to zoom; CLSA sees more scope for growth


Updated Jan 12, 2021 | 19:19 IST
The outperformance of the China market definitely has been a key trigger for the brokerage's optimism on the prospects of the stock.
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Shares of Indian automotive giant Tata Motors continued their upmove for the eighth consecutive sessions, clocking in a gain of almost 20% in the last two days alone.  Jaguar Land Rover’s (JLR) Q3FY21 retail sales came in at 1.28 lac units, down 9% YoY.
One of JLR's key markets, China, showed a marked sequential improvement of nearly 20% and 19% growth in retail sales YoY. Retails in most other regions also continued to recover and were up significantly on a QoQ basis.  The volume share of electric vehicles (EV) also increased to 12% in Q3, from 6% in Q2 of this fiscal. 

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