TTM (Tata Motors has just received ratings increases from Moodys and S&P. This past week. They are getting ready to make a partner deal to increase sales in China for Jaguar and Land Rover. They also just announced that the plant that makes the very popular Nano will be at maximum production by march 2011. Currently they cant make enough of this model. They have a waiting list and are only selling in parts of India because they can't make enough of them. They have also recently added model that are higher priced and higher margin. This is what Toyota did in the past bay add new model into different market segment they were not in too increase sales. Finally Tata Motors is expanding distribution to other countries out side of India besides and including China.
President Obama is scheduled to meet with the CEO of Tata Motors when he goes to India this week.
TTM seems like it's has a growth story similar to BIDU in China only in a different market segment.
Philip
About Tata Motors.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs. 92,519 crores ($ 20 billion) in 2009-10. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 5.9 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com) |
