Tata Motors New Coverage: Price Estimate at $33.11 |
| April 03, 2014 | April 2014 Bond Updates |
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Although JLR accounted for only 31% of the unit sales in fiscal 2013, the division contributes over 90% to our valuation for Tata, due to higher revenue per model, heftier margins and promising international expansion plans. In fiscal 2013, the company sold nearly 1.2 million vehicles and generated revenues of $34.8 billion |
| View more at: http://www.forbes.com/sites/greatspeculations/2014/04/03/tata-motors-new-coverage-price-estimate-at-33-11/ |
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