Tata Motors, a subsidiary of the Tata Group, is the largest Indian vehicle manufacturer. Its business has been divided into three segments: Tata and Other Brand Vehicles, Jaguar, and Land Rover. ... more 
Tata Motors, a subsidiary of the Tata Group, is the largest Indian vehicle manufacturer. Its business has been divided into three segments: Tata and Other Brand Vehicles, Jaguar, and Land Rover. However, Tata and other brand vehicles constitute less than 5% of the company’s valuation by our estimates. This is mainly due to relatively low revenue per vehicle for this segment and heftier margins for Jaguar and Land Rover. In addition, sales have been declining for Tata branded vehicles, hurt by low domestic demand, poor quality perception, and sliding export numbers. Potential growth in passenger vehicle volumes, and an uptick in the housing industry might turn the tide in Tata’s favor in the long run. less 
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Thu, Apr 10, 2014 2:30 PM EDT