Tata has just announced the world's cheapest automobile at U$2500.00 and has a license to manufacture a vehicle in India which runs on compressed air, which may or may not come to fruition. Tata manufactures cars and trucks which are sold throughout India, Europe, and South America, but does not currently sell vehicles in the United States. They have also purchased the Jaguar and Land Rover lines from Ford Motor Company.
A subsidiary of Tata Industries, the motor division benefits from the stability of a large, diversified international corporation with 98 companies in 7 different business sectors: engineering, materials, energy, chemicals, services, consumer products, information systems, and communications.
Individual investors must decide if the benefit of smaller, low cost, fuel-efficient, and possible air-fueled automobiles outweighs the potential environmental and social downside of Tata's other business units.
P/E: under 13
Dividend Yield: 1.9%
P/S: 0.82
I am a registered investment advisor who personally owns and have clients who own this security.
$18.3 (01/16/08)
