Tata Motors ties-up with IndusInd Bank for dealer financing

IndusInd Bank Ltd. and Tata Motors have entered into an agreement, where IndusInd Bank will provide channel finance facilities to Tata Motors ’ dealers.

The dealers of Tata Motors will now have access to ready upstream finance from IndusInd Bank to meet their working capital requirements in addition to the existing retail finance arrangements. IndusInd ranks in the top retail financiers for Tata motors commercial vehicle segment today. This tie up is a part of the strategic focus of IndusInd Bank in developing the supply chain business.




Mr. R. Ramakrishnan Vice President (Sales & Marketing, Commercial Vehicle Business Unit, Tata Motors Limited) said, “Tata Motors Commercial vehicle has a good share of business in the retail asset funding through IndusInd Bank and going forward, we want to leverage this tie up to garner even more business in the retail loan segment. We would also like to provide our Channel partners with the inventory funding from IndusInd Bank at reasonable and competitive rates. We are sure that our growing network will drive the tie up to achieve the aspirational growth targets.”

Mr Suhail Chander, Head Corporate & Commercial Bank, IndusInd Bank said, “We, at IndusInd, are already amongst the largest Retail Financier of Commercial vehicles in the country. A Channel Finance facility to the dealers is a natural corollary to this business. By introducing technology, we aim to create value in this partnership between the Dealer, Tata Motors & IndusInd Bank.”

Mr. Ramesh Ganesan, Head Transaction Banking, IndusInd Bank said, “IndusInd Bank’s focus is to expand the scope of client relationships by adding value to partners of our clients. There is an increased need for financing in this fast growing sector. We propose to deliver this product through a technological platform enabling integration with the manufacturer and the dealers, thus speeding up credit delivery at a reduced cost supported by widespread branch network.”

Source:- Tata Motors ties-up with IndusInd Bank for dealer financing - New Cars

Tata Motors to cut debt by raising Rs 4,700 crore

Tata Motors, one of the largest car maker in the Indian market, has decided to raise Rs 4,700 crore through the medium of equity, convertible bonds, debentures and warrants to reduce debt and fund expansion. For the process of fund raising the company will seek the approval from its shareholders.

At the Board Meeting of the Company held on Monday, the Board, inter alia, decided to seek Shareholders’ approval through a Postal Ballot for raising funds equivalent to about Rs.4,700 crores through a combination of issue of Ordinary Shares, ‘A’ Ordinary Shares, Convertible Bonds, Debentures, Warrants or other equity linked instruments in the domestic and/or international markets in one or more tranches.




The major chunk of this debt was utilized in financing the acquisition of brands Jaguar and Land Rover (JLR) in year 2008. At that time the company had taken a short term loan of $3-billion, which was used in financing the acquisition as well as in meeting the requirement of its working capital. The company had sold some of its GDRs and convertible notes to repay the debt taken at the time of purchase of JLR.

The company has reduced its debt to equity ration to 2.05 as against the ratio of 4 in March 2009, and it aims to further decrease this debt-equity ratio to 1 by year 2012. Tata Motors had a net debt of about Rs 18,800 crore by the end of the last fiscal. The company plans to meet its capital expenditure need of around 2,500 crore by cash flows.

Source:- Tata Motors to cut debt by raising Rs 4,700 crore - New Cars

Tata Nano Superdrive reaches Hyderabad

Tata Nano superdrive that started its campaign on June 22nd at the Sanand plant in Gujarat reached the I.T city Hyderabad today. The 15,000 km drive was initiated to celebrate the opening of Nano's new plant in Gujarat.

Tata Nano with its superdrive campaign garnered a lot of attention as a stream of Nanos made their way through various landmarks in the city including the Charminar, The Golconda Fort and the Charminar. The interesting part was where the people at the Hyderabad Central Mall were given a chance to explore the car and its features, up close and personal. Besides this, there were plenty of games organized related to the car that kept the participants and the audience entertained.



The Tata Nano superdrive will be heading towards its next destination, Aurangabad, Maharashtra tomorrow. The drive will conclude on June 28 in Mumbai.

Just to give you a quickie on why the whole superdrive began in the first place. The superdrive was initiated with the motive to assure the customers that Nano was a safe car. The assurance was needed after Tata Nano caught fire in different parts of the country where it was sold.The repeated accidents became a cause of worry and consequently, Tata Motors called a 20 member expert team from JLR that scrutinized the car and ultimately gave it a clean chit.


Source:- Tata Nano Superdrive reaches Hyderabad - New Cars

Tata Motors provides complete Transport Solution to Queen's Baton Relay 2010 Delhi

Tata Motors is happy to announce that it is providing complete transport solution to the Queen’s Baton Relay, as part of Commonwealth Games 2010. The Baton came from Pakistan today at the Wagah Border.

On its 100-day national tour, the baton will visit the capital of each state and union territory, and many other cities along the way, covering more than 20,000 km. By the end of its journey, the baton will have traversed over 190,000 km in 340 days, making the Queen’s Baton Relay 2010 Delhi one of the longest relays in the history of the Commonwealth Games.

As part of transport solution, Tata Motors is supporting with 17 Sumo Grandes, one Land Rover Discovery 4, three Buses, three covered body trucks and one media vehicle. Tata Motors is also providing fuel, drivers and routine maintenance for these vehicles.



The Land Rover is the gold standard in the world of 4x4s. Land Rover has best in class engines which is the heart of any automobile. The power, combined with the responsive chassis & suspension to take on any surface and Landmark Terrain response technology which is a unique to Land Rover, effortlessly propels the vehicle on any kind of terrain.

Besides this, the Grande Mark II is the most rugged and safe vehicle of its class. Designed like a mean machine, with all the comforts of a family car, the new Grande Mark II is a whole lot more than meets the eye. Designed to make heads turn, from its macho stance to its rugged good looks, each and every styling detail has helped to lend the Grande Mark II with a truly unforgettable look.

The baton’s journey symbolises the unity and shared ideals of the Commonwealth of Nations, and enables communities beyond the Host City to share the Games celebrations. It also serves a functional purpose in carrying Her Majesty Queen Elizabeth II ‘message to the athletes’ from Buckingham Palace to the opening ceremony of the Games.

Source :- Tata Motors provides complete Transport Solution to Queen's Baton Relay 2010 Delhi - New Cars

Tata Motors opens new JLR sales outlet in Hyderabad

The Premier Car Division of India's leading car maker Tata Motors has appointed Inline4Motors as the authorized dealer of Jaguar & Land Rover (JLR) in the city of Hyderabad. This is the 4th sales outlet of JLR in the Indian market. It already has two dealerships in Delhi and one major outlet in the city of Mumbai. The Inline4Motors will now be selling all India portfolio models of JLR in the Indian market including Jaguar XJ, XF, XK and the Land Rover Freelander 2, Discovery 4, Range Rover Sport and the Range Rover. We should mention here that Jaguar and Land Rover are two fully owned British subsidiary of Tata Motors.



The new JLR outlet in Hyderabad is located at Road No. 36, Jubilee Hills and spread over a massive area of 6,000 sq feet.



Hyderabad is one of the key markets identified for premium cars and SUVs as part of the phase one expansion and the company is happy to establish a footprint for the two iconic brands through a dealership in the city, said Mr S Krishnan, senior vice-president (Commercial), Passenger Car Business Unit, Tata Motors. This is one more step towards tapping the full competitive potential in the identified markets, he added.

Source:- Tata Motors opens new JLR sales outlet in Hyderabad - New Cars

New Range Rover diesel to be launched by Sept 2010

Land Rover, a British subsidiary of Tata Motors announced on Thursday that it will roll-out two new generation diesel versions of its iconic SUV (sports utility vehicle), Range Rover, in its domestic market by Sept 2010. The new diesel-run Range Rover SUVs will be powered with 4.4 litre and 5.0 litre engines respectively. Both the models will be compatible with the new Euro-V emission norms which guarantees an improved fuel economy and a comparatively low CO2 emission level.



While announcing the prospective launch of these new Range Rover diesel models, Managing director Phil Popham, Land Rover, said that the 2011 Range Rover retains its position as one of the world's most complete luxury vehicles. Its combination of reduced CO2 emissions and superior engine performance continues to make it a clear industry benchmark. Where the 4.4L LR-TDV8 Range Rover will be equipped with an eight-speed-automatic-transmission, the 5.0-litre LR-V8 Range Rover will be using a six-speed automatic transmission.



Moreover, the company will also roll-out a special edition of this SUV comprising some unique design elements. While commenting on the latest design of the limited edition Range Rover, Land Rover's Design Director Gerry McGovern said that at the top of the range, the new Autobiography Black 40th anniversary limited edition offers customers the option of complete exclusivity with unique colour combinations as well as striking interior and exterior design features.

Source:- New Range Rover diesel to be launched by Sept 2010 - New Cars

Tata Motors global sales up by 50%

Tata Motors Group global sales, comprising of Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with distributed brands in India, and Jaguar and Land Rover, were 79,819 nos. in May 2010, a growth of 50% over May 2009. Cumulative sales for the fiscal (April 2010 – May 2010) are 157,548, higher by 52% compared to the corresponding period in 2009-10.

Sales of all commercial vehicles were 36,689 nos. in May 2010, a growth of 45%. Cumulative sales for the fiscal are 71,159 nos., a growth of 42%. Sales of all passenger vehicles were 43,130 nos. in May 2010, a growth of 54%. Cumulative sales for the fiscal are 86,389 nos., a growth of 60%.

Tata passenger vehicle sales, including those distributed, were 24,077 nos. for the month, a growth of 42%. Cumulative sales for the fiscal are 49,427 nos., a growth of 56%.

Jaguar Land Rover global sales in May 2010 were 19,053 vehicles, higher by 72%. Jaguar sales for the month were 5,120, higher by 34%, while Land Rover sales were 13,933, higher by 93%. Cumulative sales of Jaguar Land Rover for the fiscal are 36,962 nos., higher by 66%. Cumulative sales of Jaguar are 8,679 nos., higher by 18%, while cumulative sales of Land Rover are 28,283 nos., higher by 91%.

Source:- Tata Motors global sales up by 50% - New Cars

Tata Nano's price to get dearer

Tata Nano, the cheapest car in India and the pride of Tata Motors might get a little dearer in price from this August-September, industry sources suggest. The hike could range anywhere between Rs. 5000 to Rs. 15000. Nano is expected to be available for sale without any waiting periods once the production starts in full swing at its Sanand plant in Gujarat.

A hint given by Tata Motors officials during its launch suggest that the company might increase the price of the car, once it would complete the delivery of 1 Lakh units. A spokesman from Tata Motors commented that the company has not made any decision on the price hike as of now and also added that further clarifications on its price would be made in due course of time.




The '1 Lakh sales target' seems to be reaching its finale soon, as the company is planning to raise the production of Nano to 1200 units a day at the Sanand facility. Presently, the manufacturing unit operates in single shift and produces 150 units a day. Another plant at Pantnagar also has a similar production capacity.

Tata Nano has been in demand since the time it was launched in July 2009 and till now the company has managed to deliver 33,000 units within an year. The car also got a new BS IV variant as the rule was enforced in 13 cities of the country.

Analysts from the industry suggest that the customers buying the car after December 2010 might have to pay 10-12% more. There is a component crunch in the market presently and the manufacturers need to find some way to retain stability.

Source:- Tata Nano's price to get dearer - New Cars

Tata Nano to be available on-the-spot from Aug-Sept 2010

Tata Nano, one of the most sought-after small car in the Indian market will be available on-the-spot at company's dealerships across Indian from August-September, and there will be no need to book this car in advance, company said in a statement on Tuesday. Mr Manoj Arora, Senior Manager, Tata Motors, told reporters that customers will be able to walk into company's showroom and drive out in a Nano, from this August or September. roduction capacity of 2.5 lakh units . Setting up a manufacturing facility at Sanand (Gujarat) will help the company deliver cars faster, Mr Arora Added.



The Tata Nano model was launched in India in March last year when company took bookings for only 1.55 lakh units of Nano using a lottery system. At the time of launch Tata Motors had announced that first one lakh units of Tata Nano will be price protected. The company has started an special event named as 'Tata Nano Superdrive' to celebrate the inauguration Tata Nano's new plant in Sanand. A fleet of 9 Tata Nanos driven by prospective customers, who participated in an online contest, began a country-wide drive, called the Nano Superdrive, from Sanand on 2nd June. The drive was flagged off by Mr. Ratan N. Tata.

Source:- Tata Nano to be available on-the-spot from Aug-Sept 2010 - New Cars

New Tata Aria to be launched in India in July-Sept period

Tata Aria, the long awaited multi utility vehicle (MUV) in India, is expected to be launched in the third quarter of this year, the company indicated in a corporate communication to a leading news daily. Tata Motors had displayed the Aria model at the Delhi auto Expo in January, where it attracted a large number of car enthusiasts and visitors.



The Tata Aria comes loaded with a 2.2-liter CRDI engine which is already powering the Safari and Sumo Grande models. With this, the model has a four-wheel drive option with a unique torque on demand system which distributes the drive by sensing requirement on different surfaces. The model is expected to be launched in the price range of Rs 12 and 15 lakh rupees.



The Aria model has a basic design of a crossover and it was showcased as the Xover concept in Geneva auto show in 2005. After analyzing the response of buyers in India, the company may plan to launch it in the European markets also. The all new Aria model will be equipped with some unique new generation features like 3D surround sound, in-dash built in GPS, infotainment system, dual air conditioning with automatic climate control and cruise control, multifunctional steering wheel, 6 airbags and ESP.

Source:- New Tata Aria to be launched in India in July-Sept period - New Cars

Tata Nano Superdrive – a journey through India

celebrate the inauguration Tata Nano's new plant in Sanand a fleet of 9 Tata Nanos driven by prospective customers, who participated in an online contest, began a country-wide drive, called the Nano Superdrive, from Sanand on 2nd June. The drive was flagged off by Mr. Ratan N. Tata.

Tata Nano Superdrive will be an enchanting 26 day voyage, wherein nine Tata Nanos will circumambulate India on three different routes identified by Tata Motors. Tata Motors has given prospective customers an opportunity to drive these Nanos on select routes, and enjoy the car in the real-world.

Each route has been christened after our tri-coloured national flag namely ‘The Saffron Route’, ‘The White Route’ and ‘The Green Route’ keeping with the theme of the country-wide drive. Tata Motors has specially festooned each Nano with a theme and these 9 Nanos will travel through diverse terrain, covering the length and breadth of the country.

Along the route, in every city visited, the cars will halt at landmarks and at malls where customers and walk-ins will have an up-close experience with the Nano and its unique features. Tata Motors will organize a celebration ceremony for proud Nano owners to rejoice a successful year of sales and deliveries of the Tata Nano.

The Nano Superdrive will cover a distance of 15,000 km touching 36 cities in North India, Central and East India, West and South India, before converging at Sanand on June 28.

Source:- Tata Nano Superdrive – a journey through India - New Cars

Tata Motors likely to invest further in Gujarat

Tata Motors, which has recently inaugurated its new Nano Production facility at Sanad (Gujarat), is eying on investing some more money in the state of Gujarat. Indicating on the future investment from Tata Motors in Gujarat, the state Chief Minister Narendra Modi said that Mr Tata had promised to surprise him. He welcomed Mr Tata and his company with open arms hoped that Mr Tata will bring new projects to the state and thus contributes to both Gujarat and India's development.



The revolution brought by Ford in the early 20th century with its small car is being replicated now by Ratan Tata with his Nano. The government is also incorporating the corporate approach to make things happen in record time. That it was completed in 14 months to coincide with the golden jubilee of the state is proof of it. It will be Gujarat governments endeavor to match strides and make things happen in future as well, Mr Modi added.

The Tata Motors had to relocate from Singur, West Bengal to Sanand, Gujarat, due to a series of political agitations on the issue of land acquisitions, there. While summing-up the company's relocation from Singur to Sanand Mr Tata Said that the company had searched for another home for Nano and it wanted to be sure that it could move in peace and harmony, and be able to establish new home for the plant... Modi stood out among all the others in guaranteeing the company whatever it needed.

Source:- Tata Motors likely to invest further in Gujarat - New Cars

Re.1, is all that Gujarat invested to bring Nano home; Says Modi

An investment of Rs 1 is all that the Gujarat Chief Minister Narendra Modi made to rope in a heavy investment of Rs 2,000 crore for the state of Gujarat from Tata Motors. Mr. Modi also added that he just messaged Ratan Tata "Welcome to Gujarat" when Ratan Tata said in a press conference in Kolkata that they are leaving West Bengal. These statements were ushered during the mega launch of Tata Nano's Sanand plan in Gujarat.



However, what left unmentioned at this occasion was a basket full of concessions, incentives, a large piece of land on a subsidized rate and a strong political will, which is more than enough a state govt can do for establishment of an industry.



The Tata Motors had to relocate from Singur, West Bengal to Sanand, Gujarat, due to a series of political agitations on the issue of land acquisitions, there. While summing-up the company's relocation from Singur to Sanand Mr Tata Said that the company had searched for another home for Nano and it wanted to be sure that it could move in peace and harmony, and be able to establish new home for the plant... Modi stood out among all the others in guaranteeing the company whatever it needed.

The Nano production facility at Sanand which has been established with an investment Rs 2,000 crore, has a manufacturing capacity of 2.5 lakh units annually which is expandable to 5 lakh units.

Source:- Re.1, is all that Gujarat invested to bring Nano home; Says Modi - New Cars

New plant for Tata Nano at Sanand Inaugurated

Tata Motor's brand new plant for the Tata Nano at Sanand, in Ahmedabad district of Gujarat, was inaugurated today by the Honourable Chief Minister of Gujarat, Mr. Narendra Modi, in the presence of the Chairman of Tata Sons and Tata Motors, Mr. Ratan N. Tata, Ministers of the Gujarat Government, top officials, vendor and supplier partners, dealers and associates of the company.



The plant’s inauguration marks the culmination of the company’s goal of making the Tata Nano freely available to hundreds of thousands of families, desirous of the car. The capacity of the plant, to begin with, will be 250,000 cars per year to be achieved in phases, and with some balancing is expandable up to 350,000 cars per year. Further capacity expansion has also been provided for in this location.

Deliveries from the plant, including BS4 Tata Nanos, will begin this month. The output, supplemented by the facility at Pantnagar (Uttarakhand), will in the immediate phase complete pending orders from the booking process of 2009. Built in a record time of 14 months starting November 2008, the integrated facility comprises Tata Motors’ own plant, spread over 725 acres, and an adjacent vendor park, spread over 375 acres, to house key component manufacturers for the Tata Nano.



In line with latest world-class manufacturing practices, the Tata Nano plant has been equipped with state-of-the-art equipment. They include sophisticated robotics and high speed production lines. Conscious of the critical need of environment protection, the plant has energy-efficient motors, variable frequency drives, and systems to measure and monitor carbon levels. These are supplemented with extensive tree plantation, sustainable water sourcing through water harvesting and ground water recharging and harnessing solar energy for illumination.

In November 2008 itself, simultaneously with the construction of the plant, Tata Motors also began its community development activities in the area. These initiatives, encompassing 20 villages in a 20-km radius, are on health, education, employability and environment enhancement. The initiatives have already led to provision of drinking water for about 10,000 residents, sanitation for about 600 households, competency upgradation of about 140 primary school teachers, employability enhancement for about 500 men and women. The company is committed to developing the area, converting it into a beehive of inclusive growth.

Source:- New plant for Tata Nano at Sanand Inaugurated - New Cars

Tata Motors ties-up with Uttarakhand Open University

Tata Motors, India's leading car maker, has entered into a tie-up with the Open University of Uttarakhand on Monday. Under this tie-up, Tata Motors will train a student of the university from the field of automobiles, who will enroll for Certificate course for technical excellence. The company will provide training to these students at its facility in Pantnagar, as per a release issued by the university on this regard.



From Tata Motors' side the agreement was signed by Mr P K Chaube (Tata Motors Pantnagar plant head), the Registrar of University Dr B R Pant signed the agreement on behalf of Uttarakhand Open University. The course will be of six months duration in which students will be provided both theoretical as well as practical training. In the starting batch, Tata Motors will train about 600 students, which will enable them to work in any automobile company.

It is to be mentioned here that Tata Motors manufactures its most popular car Tata Nano at its facility in pantnagar, where the first lot of 50,000 Nano's was manufactured. Tata Motors Pantnagar has been declared the winner of National Energy Conservation Award 2009, 1st prize in Automobile Manufacturing category by Ministry of Power, Government of India.

Source:- Tata Motors ties-up with Uttarakhand Open University - New Cars

Tata Motors May sales at 56,779 nos.

Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in May 2010 were 56,779 vehicles, a growth of 41% over 40,196 vehicles sold in May 2009. The company’s domestic sales of Tata commercial and passenger vehicles for May 2010 were 52,801 nos., a 38% growth over 38,392 nos. sold in May last year.



Cumulative sales (including exports) for the company for the fiscal are 113,978 nos., a growth of 47% over 77,714 nos. sold last year. The company’s sales of commercial vehicles in May 2010 in the domestic market were 31,475 nos., a 37% growth compared to 23,004 vehicles sold in May last year. LCV sales were 17,615 nos., a growth of 22% over May last year. M&HCV sales stood at 13,860 nos., a growth of 61% over May last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are 62,438 nos., a growth of 36% over last year. Cumulative LCV sales are 35,421 nos., a growth of 21% over last year, while M&HCV sales stood at 27,017 nos., a growth of 62% over last year.

The passenger vehicles business reported a total sale and distribution offtake of 23,489 nos. (21,326 Tata + 2,163 Fiat) in the domestic market in May 2010, a 42% increase compared to 16,563 nos. (15,388 Tata + 1,175 Fiat) in May last year. Sales of Tata passenger vehicles were 21,326 nos., a growth of 39% over May 2009. Sales of the Tata Nano were 3,550 nos. The Indica range sales were 8,468 nos., lower by 15% over May last year. The Indigo range recorded sales of 6,600 nos., a growth of 133% over May last year. The Sumo/Safari range accounted for sales of 2,708 nos., higher by 6% over May last year.

Source:- Tata Motors May sales at 56,779 nos. - New Cars

Tata plans to expand JLR in China

Tata Motors, which has recently announced more than 30 percent increase in its total revenue, is now eying to expend its operations in the Chinese market through increasing the presence of its British subsidiaries Jaguar and Land Rover, there. Company is planning to increase presence of its JLR in China as it is expecting a considerable volume growth will come from there in the coming years, said, Carl Peter Forster, Chief Executive Officer and Managing Director, Tata Motors.



Chinese automobile market is one of the largest auto market in the world and has a high growth potential in the passenger car segment. Both Jaguar and Land Rover have performed very well in the Chinese market which has encouraged the Tata Motors to expand operations of these two brands in that market.



Tata Motors has recently reported consolidated revenues (net of excise) at Rs. 92,519.25 crores posting a growth of 30.5% over Rs. 70,880.95 crores in the previous year. There has been strong volume growth both at Tata Motors and at Jaguar Land Rover.

The Consolidated Profit before Tax (PBT) for the year was Rs. 3,522.64 crores compared to a Loss before Tax of Rs. 2,129.25 crores. The Consolidated Profit after tax (PAT) for the year was Rs. 2,571.06 crores, a significant turnaround from a loss of Rs. 2,505.25 crores in the previous year. The consolidated financial performance is not comparable to the previous year 2008-09 on account of the acquisition of Jaguar Land Rover in June 2008.

Source:- Tata plans to expand JLR in China - New Cars

Tata Nano may get a new marketing strategy in India

Tata Nano, the small car sensation which was launched in India in March 2009, is all set to be rolled-out from Tata's Sanand plant by the end of this year. However, the high enthusiasm and excitement which Nano had generated at the time of its launch in India is seems to be missing this time around. It is widely speculated that the company may come-out with a fresh marketing campaign to revitalise the market for Nano in India.



Tata Motors is all set to inaugurate a Nano production facility at Sanand next month which will be heaving a production capacity of 2.5 lakh units. Company is eying to cut-short the current long waiting period for Tata Nano model by utilizing the full capacity at this plant. The company had stopped booking of Tata Nano model after receiving 1 lakh orders initially, last year, and till now it has managed to deliver about 35,000 units of Nano in India.



The company is bound to provide the Nano at its initial price tag to the first 1 lakh allottees as these allotments are price protected, however, company may increase the price of this car as the booking reopens in last quarter this year. However, there is no announcement from the company's side regarding the price rise of Nano till now. Tata's had to relocate their Nano plant from Singur, West Bengal to Sanand in Gujarat, due to a series of Political agitations on farmer land acquisition.

Source:- Tata Nano may get a new marketing strategy in India - New Cars

Tata Motors' total revenue jumped 30.5% in FY 09-10

Tata Motors today reported consolidated revenues (net of excise) at Rs. 92,519.25 crores posting a growth of 30.5% over Rs. 70,880.95 crores in the previous year. There has been strong volume growth both at Tata Motors and at Jaguar Land Rover. The Consolidated Profit before Tax (PBT) for the year was Rs. 3,522.64 crores compared to a Loss before Tax of Rs. 2,129.25 crores. The Consolidated Profit after tax (PAT) for the year was Rs. 2,571.06 crores, a significant turnaround from a loss of Rs. 2,505.25 crores in the previous year. The consolidated financial performance is not comparable to the previous year 2008-09 on account of the acquisition of Jaguar Land Rover in June 2008.



On March 30, 2010, the company has divested its controlling stake (20%) in Telco Construction Equipment Company Ltd. The resultant profit of Rs 1057.92 crores is included in other income. Tata Motors has reported a Basic Earnings Per Share (EPS) of Rs. 48.64 in 2009-10 for its consolidated operations in 2009-10 as against a Loss Per Share of Rs. 56.88 in 2008-09.

Tata Motors Stand-Alone Financial Results Financial year ended March 31, 2010 Tata Motors gross revenue for the financial year 2009-10 was Rs. 38,364.10 crores (2008-09: Rs. 28,568.21 crores). The revenues (net of excise) at Rs. 35,593.05 crores representing a growth of 38.9% over Rs.25,629.73 crores in the previous year. The PBT for the year is Rs. 2,829.54 crores, an increase of 179.1% over Rs. 1,013.76 crores previous year.



The PAT for the year is Rs. 2,240.08 crores, an increase of 123.7% over Rs. 1,001.26 previous last year (after exceptional item of a loss of Rs.850.86 crores recognized on redemption of preference shares by TML Holdings Pte Ltd, Singapore, a wholly owned subsidiary of the company) Volume recovery led by introduction of new products and strong continued growth in the existing portfolio, continued focus on cost efficiencies and price increases undertaken by the company to combat strengthening commodity prices aided the company to grow realizations and deliver double digit operating margin of 11.74%. Operating profit (EBITDA) came in at Rs. 4,178.28 crores in FY 2009-10 compared with Rs. 1,752.44 crores in the previous year.

Source:- Tata Motors' total revenue jumped 30.5% in FY 09-10 - New Cars

Tata Motors proceeding towards Mexico

Though the very famous Tata Motors have not made any official announcements on this, neither have they confirmed the reports but the news is that Tata Motors will be soon heading towards the Mexican market. Several significant officials from Tata Motors have already been to Mexico for some important discussions regarding the same. If all goes well, soon Tata Motors will be manufacturing Tata Manza, Tata Nano and Tata Indica Vista in Mexico market.



Earlier, Tata Motors had acquired a unit in South Africa. This was a manufacturing unit that was earlier owned by Nissan Motors Company. This was done by Motors in order to make its entry in the upcoming markets. Company’s Mexican move can be seen as yet another step to make a low cost entry in the newer markets.

One of the subsidiaries of Grupo Proeza is Metalsa. It makes various components for passenger as well as the commercial vehicles. Metalsa India Pvt. Ltd is the wholly owned subsidiary of Metalsa. It supplies the parts like chassis, oil pump etc to Tata Motors’ various trucks. Jamshedpur has its manufacturing unit.

Source:- Tata Motors proceeding towards Mexico - New Cars