Tata Motor’s highly successful ‘Ace’ to have major competition
Business Standard: Tata Motors (NYSE: TTM) successful 1 ton truck ‘Ace’ will be facing stiff competition soon from the likes of Bajaj Auto, Mahindra & Mahindra (M&M), Force Motors, Eicher, Piaggio, Ashok Leyland, Atul Auto and Swaraj Mazda. The competitors are planning to enter the market in 2008.
Courtesy: AutoCar India
I am watching Tata Motors and would like to pick some shares up but it seems like it will continue to drift lower. Jim Cramer recently recommended the stock on his Mad Money show on CNBC which gave it a slight boost. However, I am going to wait for the impatient Cramer crowd to move out of this stock.