Poll: Tata Motors is a good growth story

Today morning they announced their monthly July sales numbers. The numbers are a bit weak because the company had some component, product related issue which is just sorted out. They were issues regarding emission norms which had affected the production in the initial 2-3 months. By the beginning of October it will again start showing good numbers. It was little negative on month on month. Their YoY growth was very marginal. May be people were expecting better numbers and were below their expectation levels. It's a long term good story. One should hold on to it. It would offer you 12-15% return in the next 12-18 months. One can hold on and buy on declines. The company is basically changing the business model. They are focusing more on exports along with the domestic market. So any business cyclical downtrend in the commercial vehicle in the domestic market will partially offset the export growth. Though there is pressure on margins and crude oil concerns, but that's not only for Tata Motors but for all the other companies as well.