Tata Motors has overtaken Korea’s Hyundai Motor Co to become the second most valuable automaker in Asia outside Japan.
Tata Motors is currently valued at about $27.3 billion, compared with Hyundai’s market capitalisation of about $27 billion. China SAIC is currently the most valuable automaker in Asia outside Japan with a market cap of around $36 billion, according to Bloomberg data.
Tata Motors’ market capitalisation is up over 50 per cent in the past
12 months, making it the best performer among top 20 carmakers globally
during the period.
In comparison, Hyundai Motor’s market value is down 13.5 per cent, while SAIC is
up 16 per cent during the period. Globally auto stocks have been
laggards with three per cent decline in the combined market cap of the
top 50 automakers by market value.
Tata Motors is now the world’s 13th most valuable automaker, up from the 21st slot a year ago, and is ahead of Renault, Suzuki Motor Corp and Volvo among others. Some of the automakers ahead of Tata Motors are Tesla Motors, Audi AG, Nissan and
Ford Motor Co. Tata Motors’ market cap includes the current market
value of its class-B or differential voting rights shares (DVRs) that
carry limited voting rights.
Tata’s local competitor Maruti Suzuki is now the 15th most valuable automaker, up from 18th biggest a year ago.
Maruti Suzuki is currently valued at $25.8 billion, compared with $20 billion last year.
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