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While many other Indian equities have a large, concentrated exposure to either the slowing developing countries or their own domestic economy (INDY, quote), Tata Motors (TTM, quote) offers investors access to the Indian economy without the problems plaguing other stocks thanks to its global diversification.
With the Association of Indonesian Automotive Manufacturers (Gaikindo) projecting auto sales in Indonesia will hit 875,000 units this year, and manufacturers Toyota (TM, quote), Honda (HMC, quote), Nissan (NSANY, quote), Suzuki (SZKMF, quote) and Daihatsu (DHTMY, quote) posting robust sales, tire maker Goodyear Indonesia is coming along for the ride.
Tuesday’s best web covers Petrobras’ new CEO, increased Kremlin control of oil and gas, automotive production in Turkey, Telkom’s rejection of foreign investment, and returns on emerging market bond investments.
Coming on the heels of robust Indonesian (IDX, quote) sales numbers recently released by competitors, Astra Daihatsu Motor, Southeast Asia’s largest auto manufacturer and the Indonesian distributor of Daihatsu vehicles, has announced it is investing $68.7 million to build a research and development center in the archipelago.
Honda (HMC, quote) is joining numerous foreign automakers with its plans to build a new assembly plant to boost local production of its most popular models in Indonesia, Southeast Asia’s second-largest car market after Thailand.
