Deven Choksey of KRChoksey Invst Managers told CNBC-TV18, "I have been looking at this particular development for Tata Motors largely because the new range of models which are coming up for Jaguar portfolio and even for the Land Rover’s Evoque Convertible which is happening this year, but to a greater extent, I would think that the new models would drive the additional business for the company.""Fortunately, they are not seeing as much of an impact even from the Euro region, given the kind of launch they have with the new models probably JLR could give a better performance going forward as well. So, really remaining positive on this company. Still valuation wise, it stays attractive. On the other side, domestic market and the commercial vehicles segment has started showing growth, maybe it is a little early, but coming two quarters and thereafter, probably the story will get confirmed as far as the commercial vehicle growth is concerned," he said."The domestic market could also start responding well to the balance sheet numbers going forward. So, that is the reason for which I think one could safely buy this company. Maybe the momentum will come up in this company and many of the largecap companies as I see it in the second half of this calendar year. So, it is safer to get into this stock."
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