Weak, albeit improving, cash flow protection measures owing to the weak operating performance of Jaguar and Land Rover Vulnerable to the cyclical demand for commercial vehicles Intense competition in the passenger vehicle business Strong market conditions and operating performance in India Dominant market position in the Indian commercial vehicle market The rating on India-based automaker Tata Motors Ltd. reflects the company's weak cash flow protection measures owing to the weak, albeit improving, operating performance of Jaguar and Land Rover (JLR), its vulnerability to the cyclical demand for commercial vehicles, and intense competition in the passenger vehicle business. These weaknesses are partly offset by strong market conditions and operating performance in India, and the company's dominant market position in the Indian...
Companies mentioned in this report are:
- Tata Motors Ltd.
- Tata Power Co. Ltd.
- Tata Steel Ltd.
- Tata Steel UK Holdings Ltd.
- Tata Consultancy Services Ltd.
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