13-09-2013, 02:56 PM
Tata Motors Limited ( TELCO)
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INTRODUCTION
Tata Motors Limited (formerly TELCO) is an Indian multinational automotive manufacturing
company headquartered in Mumbai, Maharashtra, India and a subsidiary of the Tata Group.
Its products include passenger cars, trucks, vans, coaches, buses and military vehicles. It is
the world's eighteenth-largest motor vehicle manufacturing company, fourth-largest truck
manufacturer and second-largest bus manufacturer by volume.
Tata Motors has auto manufacturing and assembly plants in Jamshedpur, Pantnagar, Lucknow,
Sanand, Dharwad and Pune, India, and in Argentina, South Africa, Thailand and the United
Kingdom. It has research and development centres in Pune, Jamshedpur, Lucknow and Dharwad,
India, and in South Korea, Spain, and the United Kingdom. It has a bus manufacturing joint
venture with Marcopolo S.A., Tata Marcopolo, and a construction equipment manufacturing joint
venture with Hitachi, Telcon Construction Solutions.
Founded in 1945 as a manufacturer of locomotives, the company manufactured its first
commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969.
Tata Motors entered the passenger vehicle market in 1991 with the launch of the Tata Sierra and
in 1998 launched the first fully indigenous Indian passenger car, the Indica. Tata Motors acquired
the South Korean truck manufacturer Daewoo Commercial Vehicles Company in 2004 and the
British premium car maker Jaguar Land Rover in 2008.
Tata Motors is listed on the Bombay Stock Exchange, where it is a constituent of the BSE
SENSEX index, the National Stock Exchange of India and the New York Stock Exchange.
Tata Motors is ranked 314th in the 2012 Fortune Global 500 ranking of the world's biggest
corporations.
ECONOMIC CONDITION
The demand for automobiles in the Indian market is influenced by factors including
the growth rate of the Indian economy, easy availability of credit, and increase in
disposable income among Indian consumers, interest rates, freight rates and fuel prices.
The automotive industry in general is cyclical and economic slowdowns in the past have
harmed manufacturing industries including the automobile and automobile components
manufacturing industry. There can be no assurance that the Indian economy will not
experience a downturn, and weakening of economic activity. Lack of vehicle finance
availability, increase in interest rates and/or increases in fuel prices are examples of
developments that could lead to a decline in the demand for automobiles in the Indian
market as well as impact our costs, which could significantly affect our sales and future
results of operations in an adverse manner.
In addition to India, tata automotive operations in South Korea and recently
commenced operations in Thailand. Furthermore, we acquired the Jaguar and Land
Rover business, which has operations in over 165 countries, from Ford Motor Company
on June 2, 2008. See “– Recent Developments – Acquisition of the Jaguar Land
Rover Business”. The worldwide automotive industry is affected significantly by
general economic conditions, including the cost of purchasing and operating a vehicle
and the availability and cost of credit and fuel (among other factors), over which
automobile manufacturers have little control. Should industry demand soften beyond
our expectations because of slowing or negative economic growth in key markets in
which we operate, our results of operations and financial condition could be substantially
adversely affected
PRODUCTS AND SERVICES
Tata Motors provides its products and services on a global basis. In India it provides
products and services in five categories viz passenger cars, commercial passenger
carriers, utility vehicles, defense vehicles and trucks.
In passenger cars section it offers Indica Vista, Indigo XL, Indica V2, Indigo, Indica V2
Turbo, Indigo Marina, Indica V2 Xeta, Indigo CS, Indica V2 Dicor and Fiat Cars. In
utility vehicles section it offers Safari Dicor, Sumo and Sumo Grande.
In trucks section Tata Motors offers medium and heavy commercial vehicles, light
commercial vehicles, intermediate commercial vehicles, small commercial vehicles, Tata
Novus and TL 4×4. In commercial passenger carriers section Tata Motors provides buses,
Magic and Winger.
Tata Motors also deals in defense vehicles. In a global context products of Tata may be
divided into passenger cars and commercial vehicles.
AWARDS AND RECOGNITION
Tata Motors has won a number of awards. Recently it won NDTV Profit Business
Leadership Award 2008. It was conferred with EEPC's Top Exporter Trophy. It has
received Uptime Champion Award in 2007 and National Award for Excellence in Cost
Management.
TRAKIT of Tata Motors has won silver award for 'Excellence in Design'. Tata Motors
Pune -CVBU has won “Golden Peacock National Quality Award”. Tata Motors received
four esteemed awards at 'CNBC TV18 – Autocar Auto Awards.
Tata Motors has been recognized as most trustworthy brand in automobiles in India. It
has also been conferred with title of Commercial Vehicle Manufacturer of 2006. It has
also won CII-Exim Bank award in 2005.
LATEST SCENARIO
Tata Motors Group global wholesales at 98,837 in February 2013
The Tata Motors Group global wholesales in February 2013, including Jaguar Land
Rover, were 98,837 nos. Cumulative wholesales for the fiscal were 1,080,421 nos.
Global wholesales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano
Carrocera range - were 52,175 nos. Cumulative commercial vehicles wholesales for the
fiscal are 535,109 no
Global wholesales of all passenger vehicles were 46,662 nos. Cumulative passenger
vehicles wholesales for the fiscal are 545,312 nos.
Global wholesales of Tata passenger vehicles were 11,177 nos. Cumulative wholesales
for the fiscal are 215,932 nos.
Global wholesales for Jaguar Land Rover were 35,485 vehicles. Jaguar wholesales for
the month were 7,102 and cumulative wholesales are 50,191 vehicles, while Land Rover
wholesales for the month were 28,383 and cumulative wholesales are 279,189 vehicles.
Cumulative wholesales for Jaguar Land Rover for the fiscal are 329,380 vehicles.