Tata Motor (PE : 16)
Force Motor (PE: 30)
Ashoke Leyland (PE: 35)
Eicher Motor (PE: 52)(Let’s try to analyze Eicher’s 2-weeler business out of the equation)
Going by the average PEs Tata Motor definitely looks a buy, but having said that I see very few new tata motor trucks around . Almost all new trucks I see in my locality are of Eicher or Ashoke Leyland.
With Eicher there are quite a few issues around like Chennai Flood, NGT order ban of diesel vehicles, lower waiting time for their motorcycles etc.
Concern with Ashoke Leyland is they already had a big run up and may correct if they aren’t able to match their 2015 performance.