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Since we have bought this stock, it has continued to underperform and eaten at our gains. We don't see the car business thriving under a pandemic right now and especially with the development of electric cars and TaaS (transportation as a service), we believe we should let this stock go
Tata Motors, Short position. This investment supports our Hedge Fund strategy to have short positions in traditional Automobile industry companies. Industry that are expected to have difficulties to be competitive in near future. Tata Motors has 7th largest weight in our portfolio (5%), because it's considered as the biggest automobile manufacturer in India.