(be aware this is an old article)
what do you think of this? low PE ratio is directly because of the car sales and because indian cars don't give a massive profit margin it was all in the luxury car sales. tata batta, lokka or future nano if occurs etc. wouldn't give a huge profit margin. how many indian cars is it worth to cover the profit margin of a benz.
also i've heard brokers give only 60% value as credit for DIMO shares.