Tata Motors continues to gain from consistent JLR performance: Dipen Shah

In a chat with ET Now, Dipen Shah, Sr. VP-Private Client Group Research, Kotak Securities, shares his views on Tata Motors. Excerpts:

ET Now: What is the call on Tata Motors?

Dipen Shah: Out of the four wheeler space, we have a positive view on Tata Motors. That is obviously because of the good numbers which JLR has been reporting over the past several quarters now.

The domestic business has been witnessing severe stress that is the commercial vehicle business and even the passenger car business has gone nowhere but JLR has been consistent in showing performance as well as in terms of improvement in margins and with the global situation especially in Europe stabilising, we believe that JLR will continue to do well.

There could be some slowdown which can come through in China but overall, JLR numbers continue to be good and we continue to have a positive view on Tata Motors out of the four wheeler space.