Tata Motors may touch Rs 300: IIFL

Prayesh Jain of IIFL told CNBC-TV18, "There had been talks about this high inventory in China and management does not confirm that. The thing is there is a slowdown and it has been there for sometime. We have seen that in numbers for JLR recently.”

He further added, “The contribution has stagnated. The volume growth is slowing down for China, although it is still a large contributor to JLR volumes, but we have seen that it is slowing down and we are worried there. Tata Motors' standalone business is not doing well. We have a market performer rating on Tata Motors and price target of around Rs 300.”