Note: All dollar figures referenced below have been converted to U.S. dollars unless otherwise noted.
Background
Tata Motors (NYSE: TTM) is an Indian automotive manufacturer and was founded in 1945. Its most recognizable brands are Jaguar and Land Rover. They have a large distribution network spans over five continents and over 100 countries. In addition to their automotive business, Tata Motors has over business segments such as information technology services, machine tools, and factory automation. Over the past few years, the share price has been negatively impacted by many factors including weakening sales and political