Owners of Jaguar and Range Rover, India-based Tata Motors designs, manufactures, and sells automobiles and all things machine-related.
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If you have the patience and a long term horizon, then give Tata Motors a look. They can't keep people out of the showrooms just to take a look at the Tata Nano. an estimated 350,000 people are plunking down $80 just to enter a raffle in the hopes they are 1 of 100,000 who get to buy a Nano over the next twelve months. The demand is through the roof. Plus, you are looking at the type of vehicle that is European friendly.
The only real issue with the Nano at the moment is that Tata is forced to use temporary facilities that can only produce about 3,000 cars a month, when they aim for about 250,000 production target.
TTM is the number one car brand in India. It provides scooters, motor cycles, small cars up though trucks.
Without export, they can be expected to grow at 6 - 12% with domestic sales alone. When you consider export to Europe and soon the US, growth will look more like a small cap vs a large cap manufacturing company. The all electric Nano target priced under 10K has no competetion in the world.
I find them one of the most attractive issues in my portfolio after an 80% appreciation.