UBS has maintained its Sell rating on Tata Motors, projecting a 10% downside from the current market price of Rs 916, setting a target price of Rs 825. The key factors include the slow growth in China, which is no longer the fast-growing market for global carmakers as it once was.
While premium cars might prove more resilient, UBS highlighted that market share loss in key regions is likely to continue. Global carmakers, including Tata Motors, need to rationalize capacities, optimize their product mix, and collaborate more with local players to sustain growth in this challenging environment.
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