Automobile manufacturers, up up and up
Posted by bsesensex on June 19, 2008
An interesting statistics about the so called huge Indian car consumer: Just about 4% of Indians own cars. Looking at a population of almost a billion and a quarter, one can very well imagine what the growth prospects for automobile manufactuters will be. In this context indigenous manufacturers, in the coming years, will show a very strong long term growth.
Investors, therefore, looking for long term yet strong growth should look at Suzuki and Tata Motors. The latter more so, due to its ownership of two very big and iconic brands, which are bound to show acceptance in an every increasingly diserning Indian consumer market. Tata Motors owns Jaguar and LandRover, the two ‘macho’ brands in the automobile sector.
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