Tata Motors: Cheap Growth Stock

Tata Motors Ltd.(TTM traded at the NYSE), India’s largest automobile manufacturer, is currently trading at  a PE multiple for 2011 of 9.2, which is low for a company with outstanding growth opportuninities. The Indian market has been depressed for the last 5 months due a spike in inflation and subsequently a spike in interest rates. Following the production stops at the competing Japanese automobile plants because of the horrible natural disasters, Tata Motors has already recovered somewhat during the last 2 weeks.