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Tata Motors - A Cheap Stock To Leverage The Indian Economic Resurgence

Tata Motors Limited (NYSE:TTM) is a part of the Tata conglomerate and is one amongst the top 5 commercial vehicle manufacturers worldwide. The company earned revenues of $38.9 billion in 2013-14, with operations in India, UK, South Korea, Thailand, South Africa and Indonesia. The company recently gave its Q3 FY15 results where it showed improved performance in its international segment, especially its Jaguar Land Rover (JLR) subsidiary which was the star performer.

The Indian automobile market has been going through a tough couple of years, as volumes have fallen due to a slowdown of the Indian economy. Tata Motors has been weak in the Indian automobile market, where companies such as Hyundai and Maruti Suzuki are much stronger. TTM is mostly strong in the commercial vehicle market. "Nano" never really lived up to its promise and is not giving TTM the volumes it desired. Read more