Still have a strong 'buy' call on Tata Motors: Ajay Srivastava

In a chat with ET Now, Ajay Srivastava, Chief Executive Officer, Dimensions Consulting shares his views on Tata Motors. Excerpts:
ET Now: What have you made of the monthly sales data which has started trickling in? Tata Motors on the domestic front has disappointed. Do you think there could be a speed breaker to the rally that Tata Motors has been posting of late?

Ajay Srivastava: No. I will say, just ignore Tata Motors’s domestic sales. I do not think they have a vehicle of name in the market. They are just there historically. They might even wind it down for all I care, because it does not add value to them. You have got to look at Tata Motors purely as a global company doing extremely well. Secondly, in the truck market, revival should happen, if agriculture has to move and GDP has to grow. There is no reason why the truck industry is not going to start buying more, because if the goods cannot move, there will be no growth in this country. So as far as Tata Motors is concerned, ignore the passenger vehicle traffic; they do not even want to sell it seriously. You should just focus on global sales and movement on trucks. We believe it is still a very attractive buy. You will get it around Rs 380, go and buy it and then hold for at least Rs 420-450 and maybe even Rs 500 maybe for a year from now. Let it correct little bit and you must keep it.