Tata Motors share price 

and other auto sector stocks have been showing upside moves in the
last few trade sessions. According to experts, if the stock market today continues to maintain this
auto stock rally in the opening bell today as well, then we can expect traders and investors to mint
a good amount of money from Tata Motors shares. They said that any dip in Tata Motors stocks
in the opening bell, should be a good buying opportunity as the auto stock has good support at Rs
140. So, should buy on dips strategy in Tata Motors share.
Speaking on the Tata Motors Share price forecast, Rohit Singre, Senior Technical Research
Analyst at LKP Securities said, "Overall Tata Motors share price outlook is bullish as it has a
strong support zone till it is in the Rs 140 zone. So, any dip in Tata Motors share price should be
seen as a buying opportunity. I would recommend stock market investors and traders to buy Tata
Motors share below Rs 150 for the immediate target of Rs 160 and then for Rs 170. But one must
maintain the stop loss below Rs 140."

Highlighting upon the reason for being so bullish on Tata Motors share price, Sumeet Bagadia,
Executive Director at Choice Broking said, "Auto stocks are rising and this trend is expected to
continue for two reasons — unlock activities taking place at faster rate and Union Minister Nitin
Gadkari announcing that he may bring scrappage policy soon." Bagadia said that in unlocking
activities, people are not ready to use public transport and that has fuelled auto sales and in
coming times, these are expected to shoot up further.

Once the scrappage policy gets announced, it will further boost auto sales. So, long-term
investors can bet high on the auto stocks and Tata Motors being one of the market leaders in the
auto sector, can be a good bet for positional and long-term stock market investors.
 Why we have a ‘BUY’ rating on Tata Motors
The company has maintained its guidance on growth despite immediate worries over the
diesel composition. We feel that over the next few quarters, the traction of growth and
diversification will work in favour of Tata Motors. It would, however, be instructive to
also look at how the company is calibrating its future plans and how it is combining the
troika of alternate push, cost optimization and China focus to create a new growth
trajectory in the future. Here is why:
 As the focus on fossil fuels progressively reduces, the answer to running the billions
of cars will be batteries.

 JLR is betting heavily on its I-Pace Electric Vehicles which are likely to have a high
level of efficiency (260-290 miles driving with one charge).

 JLR plans to increase production in low-cost zones like Slovakia and also increase
localization across India, China, Hungary and Slovakia.

 Tata Motors plans to increase focus on automation and robotics in high-cost centres.

Also, development costs are planned to be reduced through in-house engineering.
 The company plans to increase its dealer network by 15% to 1,800 by the year 2023.
Also 100% dealers are expected to be upgraded to the ARCH dealer network where
the customer turnaround is higher by nearly 7%.

 The one big take away from the JLR analyst meet was that the focus on China as the
future engine of growth will continue.

 By 2021, China will move to being the largest market by a margin from being the
fourth largest market for JLR today.