Tata Motors

From Wikipedia, the free encyclopedia

Tata Motors Limited


Type Public
Traded as NSE: TATAMOTORS
BSE: 500570
NYSE: TTM
BSE SENSEX Constituent
Industry Automotive
Founded 1945
Founder(s) Jamshedji Tata
Headquarters Mumbai, Maharashtra, India
[1]

Area served Worldwide
Key people Ratan Tata, (Chairman)
Ravi Kant, (Vice-Chairman)
Products Automobiles
Commercial vehicles
Automotive parts
Services Vehicle leasing
Vehicle service
Revenue US$ 34.575 billion (2012)
[2]

Profit US$ 2.821 billion (2012)
[2]

Total assets US$ 28.540 billion (2012)
[2]

Total equity US$ 6.507 billion (2012)
[2]

Employees 59,759 (2012)
[2]

Parent Tata Group
Divisions Tata Motors Cars
Subsidiaries Jaguar Land Rover
Tata Daewoo
Tata Hispano
Website www.tatamotors.com
Tata Motors Limited formerly TELCO, (NSE: TATAMOTORS, BSE: 500570, NYSE: TTM) 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 and coaches. It is the world's
eighteenth-largest motor vehicle manufacturing company, fourth-largest truck manufacturer and second-largest
bus manufacturer by volume.
[2]

Tata Motors has auto manufacturing and assembly plants
in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad and Pune, India, as well as in Argentina, South Africa,
Thailand and the United Kingdom. Tata Motors has produced and sold over 6.5 million vehicles in India since
1954.
[3]

Originally a manufacturer of locomotives, the company manufactured its first commercial vehicle in 1954 in a
collaboration with Daimler-Benz AG, which ended in 1969.
[4]
In 2010, Tata Motors surpassed Reliance to win
the coveted title of 'India's most valuable brand' in an annual survey conducted by Brand Finance and The
Economic Times.
[5]
Tata Motors is ranked 314th in the 2012 Fortune Global 500 ranking of the world's biggest
corporations.
[2]

History
The second-generation Tata Indica; one of the best selling cars in the history of the Indian automobile industry
Tata Nano, the world's most inexpensive car
Tata entered the commercial vehicle sector in 1954 after forming a joint venture with Daimler-Benz of
Germany. After years of dominating the commercial vehicle market in India, Tata Motors entered the passenger
vehicle market in 1991 by launching the Tata Sierra, a multi utility vehicle. After the launch of three more
vehicles, Tata Estate (1992, a stationwagon design based on the earlier 'TataMobile' (1989), a light commercial
vehicle), Tata Sumo (LCV, 1994) and Tata Safari (1998, India's first sports utility vehicle).
Tata launched the Indica in 1998, the first fully indigenous Indian passenger car. Although initially criticised by
auto-analysts, its excellent fuel economy, powerful engine and an aggressive marketing strategy made it one of
the best selling cars in the history of the Indian automobile industry. A newer version of the car, named Indica
V2, was a major improvement over the previous version and quickly became a mass-favorite. Tata Motors also
successfully exported large quantities of the car to South Africa. The success of Indica played a key role in the
growth of Tata Motors.
[6]

In 2004 Tata Motors acquired Daewoo's South Korea-based truck manufacturing unit, Daewoo Commercial
Vehicles Company, later renamed Tata Daewoo.
[7]

In 2005, Tata Motors acquired a 21% controlling stake in the Spanish bus and coach manufacturer Hispano
Carrocera.
[8]
Tata Motors continued its market area expansion through the introduction of new products such as
buses (Starbus & Globus, jointly developed with subsidiary Hispano Carrocera) and trucks (Novus, jointly
developed with subsidiary Tata Daewoo).
In 2006, Tata formed a joint venture with the Brazil-based Marcopolo, Tata Marcopolo Bus, to manufacture fully
built buses and coaches.
[9]

In 2008, Tata Motors acquired the British car maker Jaguar Land Rover, manufacturer of the Jaguar, Land
Rover and Daimler luxury car brands, from Ford Motor Company.
[10][11][12][13]

In May 2009 Tata unveiled the Tata World Truck range jointly developed with Tata Daewoo.
[14]
Debuting in
South Korea, South Africa, the SAARCcountries and the Middle-East by the end of 2009.
[14]

Tata acquired full ownership of Hispano Carrocera in 2009.
[15]

In 2010, Tata Motors acquired an 80% stake in the Italy-based design and engineering company Trilix for a
consideration of 1.85 million. The acquisition formed part of the company's plan to enhance its styling and
design capabilities.
[16]
In 2012, Tata Motors announced it will invest around Rs 600 crore on developing
Futuristic Infantry Combat Vehicles in colloboration with DRDO.
[17]

Profit loss account
Mar ' 12 Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08
Income

Operating income 54,217.22 47,957.24 35,373.29 25,660.67 28,767.91
Expenses

Material consumed 40,457.95 34,692.83 24,759.49 19,039.41 20,931.81
Manufacturing expenses 2,937.80 2,224.74 1,652.22 1,171.59 1,230.14
Personnel expenses 2,691.45 2,294.02 1,836.13 1,551.39 1,544.57
Selling expenses 2,370.44 2,289.11 1,583.24 1,224.15 1,179.48
Adminstrative expenses 2,489.16 2,568.50 2,249.92 1,867.05 1,982.79
Expenses capitalised -907.13 -817.68 -740.54 -916.02 -1,131.40
Cost of sales 50,039.67 43,251.52 31,340.46 23,937.57 25,737.39
Operating profit 4,177.55 4,705.72 4,032.83 1,723.10 3,030.52
Other recurring income 574.08 420.69 402.27 841.54 359.42
Adjusted PBDIT 4,751.63 5,126.41 4,435.10 2,564.64 3,389.94
Financial expenses 1,218.62 1,383.79 1,246.25 704.92 471.56
Depreciation 1,606.74 1,360.77 1,033.87 874.54 652.31
Other write offs - 106.17 144.03 51.17 64.35
Adjusted PBT 1,926.27 2,275.68 2,010.95 934.01 2,201.72
Tax charges 98.80 384.70 589.46 12.50 547.55
Adjusted PAT 1,827.47 1,890.98 1,421.49 921.51 1,654.17
Non recurring items -585.24 -79.16 818.59 79.75 374.75
Other non cash adjustments - - - 15.29 -
Reported net profit 1,242.23 1,811.82 2,240.08 1,016.55 2,028.92
Earnigs before appropriation 3,321.15 3,745.95 3,926.07 2,399.62 3,042.75
Equity dividend 1,280.70 1,274.23 859.05 311.61 578.43
Preference dividend - - - - -
Dividend tax 181.54 192.80 132.89 34.09 81.25
Retained earnings 1,858.91 2,278.92 2,934.13 2,053.92 2,383.07