- Published: November 2011
- Region: India
Tata Motors Ltd.
- Published: December 2006
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Comparatively strong market position. Improved revenue diversity and synergy from vehicle financing business. Integrated and efficient operations. Adequate financial profile. Vulnerability to cyclical demand for commercial vehicles. Intense competition in the passenger vehicle business. Significant capital commitments to capacity expansion and vehicle financing activities. Tata Motors Ltd. is India's largest manufacturer of commercial vehicles and the second largest in passenger vehicles. In fiscal 2006, the company's revenues stood at Indian rupee (INR) 271.4 billion (US$6.1 billion) and net income was INR17.3 billion. The rating on Tata Motors is constrained by the following factors: Vulnerability to cyclical demand for commercial vehicles. Domestic demand for commercial vehicles is closely linked to rainfall and agricultural production, industrial growth, and the level of infrastructure...
Companies mentioned in this report are: Tata Motors Ltd.,Tata Power Co. Ltd.,Tata Steel Ltd.
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Tata Motors Ltd.,Tata Power Co. Ltd.,Tata Steel Ltd.