Company Profile
Tata Motors is the most global of Indian auto companies, and its product portfolio includes passenger/goods carriers, passenger cars, and utility vehicles. It is India’s largest auto company by volume and 4th largest truck manufacturer globally.
Over the years, it has acquired Daewoo’s Korean CV plant, and Jaguar Land Rover in UK. Its manufacturing facilities are located in Jamshedpur, Pune, Lucknow, Patna, Sanand and Dharwad.
Market Segmentation and Volumes
Tata Motors is present across almost all the segments (except 2W). Its JLR unit sells ~200k vehicles per year.
In the CV segment, overall sales are ~500k, and it has a dominant market share there. In the private vehicles segment, Nano has revived the overall sales number for the company, and it now sells ~200k units there. Its market share in private cars is 10% (compared with 50% for Maruti).
Its EPS is very volatile over the years due to large acquisitions, and huge debt on the books. However, the debt concerns are easing now, and D/E has come down from 6 to 2 from 2007 to 2010. Its projected EPS for 2011 is ~100.
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