MUMBAI, - "Tata Motors, through its Jaguar and Land Rover have a large market in Europe and North America, but the current economic situation remains difficult. Mahindra is likely to take advantage of the conditions to increase the capitalization of capital is greater than Tata during conditions of (uncertain) continues," Surjit write.
Mahindra & Mahindra Ltd. succeeded in displacing the position of Tata Motors in terms of value of transactions in India who held since October 2008. At the end of last week (19 / 8), the value of transactions recorded on the trade Mahindra rose to 9.22 billion dollars, Tata Motor is above the record 8.86 billion dollars (down 5 percent).
Surjit Singh Arora, analyst at Prabhudas Lilladher Private Mumbai said, international sales accounted for 73 percent of Procedure of the total Group revenues (holding), down 44 percent compared to last year. While Mahindra also experienced a decline in sales, but not as deep as Tata, only 7-5 percent.
Mahindra is currently listed as a manufacturer of sports utility vehicle (SUV) in India and the largest local networks trying to expand into overseas markets. In fact, Mahindra managed to record profits in the first quarter of this year compared to same period last year.
