Companies You’ve Never Heard Of: Tata Motors (TTM)
The name Tata Motors Limited (ADR) (NYSE:TTM) may be unfamiliar to most Americans, but its luxury brands are not. Tata bought Jaguar Land Rover from Ford Motor Company (NYSE:F) in 2008, and has restored both the Jaguar and Land Rover brands to their former prominence.
Tata also is one of the biggest companies, and the largest auto manufacturer, in the fast-growing market of India. Tata has 13% market share for personal vehicles and over 40% in commercial, according to its annual report. That makes Tata a name investors should know as well.
Few companies of its size — TTM stock is worth $25 billion, and the company generated nearly $40 billion in revenue in its fiscal 2016 — have the growth opportunities that Tata does. In India, a population over 1.2 billion offers decades of potential market growth. And overseas, the continued improvement of Jaguar and Land Rover adds more room for earnings increases.
The irony of an Indian company resurrecting famous brands of the British elite has been noted by many observers. But the growth possibilities for Tata are worth mentioning as well.