I have not yet made up my mind on buying Tata Motors. As of now, key drivers of Tata Motors profitability has been performance of JLR…On positive side anticipated, interest rate reductions in key geographies like US, EU and UK etc. may help. So also the fact that Sept-Oct is when UK based car companies usually launch new car models. On the negative side, one of the big contributors to JLR in recent past – China is undergoing its own challenges in the economy. So if you can reasonably guess how JLR is likely to perform in coming quarters, that should answer the question for you.
The other known trigger of demerger of PV and CV business is still some distance away (unless the demerger date has already been announced).
Hope this gives you some food for thought. No recommendations, please do your own due diligence.
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