Tata Motors hits record high; Citi raises target

Shares in Tata Motors gain as much as 3.1 percent to a record high

RELATED ARTICLES

of 434.30 rupees after Citigroup raises its price target on the stock to 486 rupees from 421 rupees, citing the outlook for the automaker's luxury unit Jaguar Land Rover (JLR).

Citi says JLR is poised to become the world's fourth biggest luxury car maker on the back of new launches in the next 15-18 months.

Citi also says JLR will benefit from China's growing luxury car market, which the investment bank estimates will grow at around 15 percent over the next two years.

JLR, via its joint venture in China, could sell around 160,000 units by fiscal year 2016, implying an around 8 percent market share, according to Citi.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Subdued crude oil prices offer an excellent opportunity for India

    In Mid-June, when most of us probably first heard of the ISIS posing a serious threat to stability in West Asia, international crude oil price suddenl

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why UGC must focus on quality

In a vast country like India, where there are pressures ...

Rajgopal Nidamboor

The sum total of our conscious experience

All of us epitomise a multiplicity of conscious thoughts. This ...

Gautam Gupta

Don’t let success kill the essence of the concept

In 1999 when my mother started her own label, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture