Tata Motors’s split could shift its passenger-vehicles business into top gear

A rough calculation shows the market is valuing Tata Motors’s PV business at an EV/Ebitda multiple of about 5 times, far lower than Maruti’s 17 times.

Tata Motors’s split could shift its passenger-vehicles business into top gear
A rough calculation shows the market is valuing Tata Motors’s PV business at an EV/Ebitda multiple of about 5 times, far lower than Maruti’s 17 times.