0511 GMT - The outlook for Tata Motors' passenger and commercial vehicles seem positive, Nomura analysts say, citing a meeting with the company. Since India's Sept. 3 announcement of a goods and services tax reduction, the automaker has outperformed the passenger-vehicle industry's bookings with a 25% increase, the analysts say in a report. According to management, there's a clear trend of premiumization with highest jump in bookings for compact and micro sport utility vehicles. For the commercial vehicle business, management expects the GST reduction to support CV demand as trucks become more affordable and freight demand increases. Nomura has a neutral rating and a target price of INR732.00 on the shares, which are 2.4% higher at INR696.75. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 01, 2025 01:11 ET (05:11 GMT)

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