Tata Motors Limited

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BSE Code: 500570       NSE Code: TATAMOTORS

Business Profile
Business Profile
Tata Motors, the flagship company of the Tata group, is India`s largest automobile company. With over three million of its vehicles plying in India, Tata Motors is the leader in commercial vehicles and the second largest in passenger cars. It is also the world`s fifth largest medium and heavy truck manufacturer and the second largest medium and heavy bus manufacturer. Through its subsidiaries, Tata Motors is India`s only fully-integrated automobile manufacturer with a portfolio that covers trucks, buses, utility vehicles and passenger cars.

The company`s manufacturing base is spread across Jamshedpur, Pune and Lucknow. It has the unique distinction of giving India its first and only indigenously built passenger car Tata Indica, mini truck Tata Ace, and the sedan Tata Indigo. It is also the first company from India`s engineering sector to be listed in the NYSE. The company`s commercial and passenger vehicles are being marketed in several countries in Europe, Africa, the Middle East, Australia, South East Asia and South Asia. It has assembly operations in Malaysia, Kenya, Bangladesh, Spain, Ukraine, Russia and Senegal.

Tata Motors plans to consolidate its presence in the African continent by entering new markets like Nigeria and Kenya, introducing new vehicles, and hiking capacity of its bus body building facility in South Africa..

The company swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 2,632.60 million compared with a profit of Rs 4,990.50 million in the same quarter previous year. Net sales declined 34.38% to Rs 47,586 million, while total income for the quarter fell 33.85% to Rs 48,581.30 million, when compared with the prior year period. It posted loss of Rs 5.51 a share during the quarter compared with earnings of Rs 11.72 a share in previous year period.

Recent Developments
The company announced that Ravi Kant, the managing director of Tata Motors, will retire from his executive position on Jun. 1, 2009, on reaching the retirement age of 65 years as per the company`s policy.

Tata Motors successfully concluded an agreement for amendment of its bridge finance loan, extending the final maturity of USD 1 billion by 18 months up to Dec. 31, 2010.

The car maker reported marginal decline of 2% in sales in the month of April 2009. During the month, the company`s total sales including exports was at 37,518 vehicles as against 38,149 vehicles sold in April last year.

The company has tied-up with Canara Bank for financing its range of passenger vehicles.

The company has joined hands with United Bank of India for financing its range of passenger vehicles.

The company launched the most awaited car of the year, Tata Nano, the world`s cheapest car having BS-III compliant emission engine with 2-cylinder aluminium MPFI 624 cc petrol engine mated to a four-speed gear box.

The company has tied-up with Indian Bank for financing its range of passenger vehicles.

The company has tied up Andhra Bank for financing its range of passenger vehicles.

In order to provide an added facility of car finance to its customers the company has inked a pact with State Bank of Bikaner and Jaipur for financing its range of passenger vehicles.

In order to provide an added facility of car finance to its customers, the company has tied up with State Bank of Travancore for financing its range of passenger vehicles.

The company has inked pact with Union Bank of India for financing its range of passenger vehicles.

The company has entered into tie-up with State Bank of Patiala for financing its range of passenger vehicles.

The falling demand for commercial vehicles due to tough credit condition and economic slowdown has forced the company to again temporarily halt work at its Pune plant for six days this month. The plant will be closed from December 5 to 7 and again from December 26 to 28, reports Business Standard.

Due to drop in demand the company will shut its commercial vehicle plant at Jamshedpur for 5 days, from November 25-29 for the second time in a month, reports agency sources.

Gujarat has offered a loan of Rs 95.70 billion to the company for the Nano project with soft 0.1% simple rate of interest, reports Economic Times.

The company said its Korean commercial vehicle subsidiary has developed the prototype of the 4.5 ton LPG truck in association with the Korean government, reports Business Line.

The company has UK subsidiary, Tata Motors European Technical Centre, has acquired a 50.3% holding, at an acquisition cost of Kroner 12 million (Rs 94 million), in Milj - Grenland / lnnovasion, Norway, which specialises in the development of innovative solutions for electric vehicles.

The company has raised Rs 4.87 billion to part-fund the purchase of UK-based Jaguar-Land Rover (JLR) by selling its investment in Tata Steel to its parent company, Tata Sons, reports Business Standard.

Other Information
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