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I entirely agree. Being about one-third the size of the U.S., India has a long way to go with roadways (and other) infrastructure development. Basically, long distance travel in both India and China is currently what we in the U.S. would refer to as “off road” ... one of the reasons two wheelers and Land Rover type vehicles are in so much demand there.

We live in a rural location (Central Wisconsin) where we have to take our own trash to “recycling centers” ... we need at lease one vehicle with ample carrying space. Once, when we purchased a Jeep, the salesman asked, “Do you plan to go off-road”? I responded, “ I sincerely hope not!”

At 63 yo, I can remember the U.S. going from two-lane to 4+ lane highways. For years, common comments when my wife and I drive any distance are, “when did this become 4 lanes?” or “Lets’ take the old route.” The gradual build-out of those roadways will require a lot of trucks ... another of Tata’s product lines.

I hope they can keep the Tata Group a family-run business; they’ve managed it well thus far.

My best to you and yours,

Position: Long & holding (though I did buy a few extra shares today for my wife’s ROTH ... had some extra cash there ... either 93 shares TTM or a gallon of gas ... “what a world, what a world”).
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