Lower China Sales And Large Investments To Weigh On Tata Motors' Fiscal 2015 Results

The Indian automaker?s stock price fell 5.3% after the announcement of its third quarter and nine-months ended results on February 5, and the stock is down 20% since. This is happening while the India passenger car business is finally taking off, and growth for the luxury brands Jaguar Land Rover has somewhat stalled. JLR forms over 90% of the valuation for Tata Motors, as per our estimates, and while wholesale shipments for the British marquee brands rose by double-digit percentages in the last...