Tata Motors TTM

By all accounts Tata group is highly leveraged and has to payback several billion dollars in debts over coming months. CDs are selling at large discounts anywhere from 45% to 55%. All sentiment is negative and there are high expectations of defaults.
But this is still the strongest and well positioned automotives in India. There is no other company with similar range of products, sales and service network, facilities and technical staff. The top management is world class though it has been reckless in the last few years on acquisitions and leverage.
Tata Motors is a good bet and once the economy improves, I think it will strongly bounce back in absence of competition and on the back of the transport market. Buy now and stay invested.