Mahindra Is Now More Valuable Than Tata Motors

Published: Monday, August 22, 2011, 12:16 [IST]

Mahindra & Mahindra, the Indian SUV specialist is now the most valuable carmaker in terms of market value. Tata Motors' shares have taken a royal beating after demand for passenger cars slumped in the recent months. Mahindra's shares gained 0.2 per cent to close at Rs.718.5 when markets closed on Friday. This effectively meant Mahindra's market capitalisation was RS.44,100 crores while Tata Motors was worth 42,250 crore in the stock market.

Tata Motors shares suffered another decline this week after reports of its Jaguar brand's sales going down. The European debt crisis has also had an affect as Jaguar and Land Rover, owned by Tata Motors, cater to this market. Tata Motors is heavily dependent on its overseas sales for revenue. Any decline in Jaguar or Land Rover's sales will have an impact on its stocks.

Mahindra and Mahindra on the other hand is focussing most of its energies on the local Indian market. It will increase its presence in the global car scene by launching a new Global SUV that has been under development since quite some time. The Mahindra Global SUV is now being assessed by Korean SUV maker and Mahindra's subsidiary Ssangyong.

Article Published On: Monday, August 22, 2011, 12:16 [IST]

Read more on: #mahindra #tata motors #auto news #sales

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