Re: {LONGTERMINVESTORS} Tata Motors DVR & ORDINARY EQUITY SHARES .....thread....
RAJESH DESAI
Tata Motors completes its luxurious Crossover range with the Tata Aria 4x2
A
sedan and an SUV blend in one car -- with sedan like finesse, handling
and ride quality and SUV like performance, offroading capability and
stance- 2.2 L diesel common rail power plant delivering 140 PS power and 320 Nm torque, with dual mass flywheel
- Luxurious premium leather upholstery & three-row theatre-style flexible seating
- Dual airbags to protect occupants from every side
- Automatic darkness sensing lights & rain sensing wipers
- Steering mounted phone and music controls
- Automatic climate control
- ABS & EBD to aid steerability and control in emergency braking
- Electrically adjustable and retractable ORVMs
- 17" alloy wheels
- Aria 4x2 range will be available in 3 trim levels - Aria Prestige, Aria Pleasure and Aria Pure
Tata Motors today launched the Tata Aria 4x2, a luxurious creation with the finesse of a sedan and the muscle of an SUV all combined in one car with 4x2 option.
The Tata Aria is already available in four-wheel drive, launched in October 2010. The Tata Aria 4x2 extends the range to new segments and redefines several benchmarks with its design and technologies, offering class leading features that take comfort, and convenience to a new height.
Launching the Tata Aria 4x2, Mr. P M Telang, Managing Director - India Operations, Tata Motors said, "As the first Indian 4x4 crossover, the Tata Aria has broken a new path for Tata Motors. With the introduction of the Aria 4x2, we make the range comprehensive. The pleasure of the Aria, combining the finesse of a sedan with the muscle of an SUV, can now be availed by a larger customer segment."
Finesse of a sedan in the Tata Aria 4x2
The Aria's styling is a blend of bold proportions, uncluttered lines and uncompromising aesthetics. The aggressive, well planted stance is tempered by a lunging silhouette and a dynamic roofline. Wraparound dual barreled headlamps complement the signature Tata grille. Chrome detailing on the sides accentuates its premium class. The interiors reflect the same richness and elegance in design, layout, and visual appeal. Premium leather upholstery enhances richly textured trims in single or dual tone themes. Air-conditioning louvers on pillars and a sweeping row of roof utility spaces add to the distinctive appeal.
Passengers can simply walk into the Aria, rather than having to climb up or get down into the cabin. The three-row theatre style flexible seating ensures ample space. Like the driver's and the front passenger seat, the second row seats can also be slid fore and aft to increase legroom. Both the second row and third row seats can be fully collapsed to make the car even roomier for accessories and luggage for that weekend sojourn.
The height-adjustable driver's seat and the tilt adjustable steering help configure the most comfortable driving position. The glasshouse offers commanding visibility, aided by electrically adjustable ORVMs. There is no need to look back even to park - a Reverse Guide System helps you with exactitude. The Driver Information System continuously indicates essential drive data, the Automatic Climate Control, through roof-mounted AC vents, keeps the cabin temperature ambient. The 2-DIN music system and Bluetooth, along with steering mounted phone and music controls, helps switch between music and conversation at the touch of a button. Other features do not even require raising a finger - Darkness Sensing Lights will come on automatically, as will Rain Sensing Wipers. Roof utility bins, a glove-box chiller and conveniently placed cup holders helps keep every thing you want within easy reach.
Muscle of an SUV in the Tata Aria 4x2
The Aria's stylish design is inlaid with the DNA of an SUV, manifested in its stance, power, driveability and safety.
Its 2.2 litre Direct Injection Common Rail (DICOR) engine, with variable turbine technology and 32-bit ECU delivers 140 PS power and 320 Nm torque. It is equipped with a dual mass flywheel which isolates torsional vibrations from the powertrain, thus providing a NVH free environment in the cabin. The new Mark II gearbox is perfectly mated to the engine ensuring smooth power delivery and precise shifting.
The suspension is designed to achieve an optimal balance between ride comfort and control and stability, both on normal roads and in offroading. Its low-roll characteristics and higher soaking capacity further ensure a sedan-like ride quality and SUV-like offroading capability.
The Aria boasts of best in class safety features, making it one of the safest cars on Indian roads. The Aria's frame is constructed with advanced hydroformed members. Hydroforming enhances their rigidity while reducing weight. Besides, the body shell has crumple zones and the doors have side impact bars. Dual airbags (driver, front passenger) ensure complete safety. Besides India, the Aria satisfies all current crash safety norms in European markets.
The Aria is equipped with disc brakes on all four wheels resulting in superior braking effectiveness and better control. The Antilock Braking System (ABS) with Electronic Breakforce Distribution (EBD) aids steerability and control in emergency braking situations and on slippery surfaces.
The Tata Aria 4x2 variants
The Tata Aria 4x2 is being launched in three trim levels - the Aria
Prestige at the top end, the Aria Pleasure and the Aria Pure.
The Tata Aria 4x2 range will be available from Rs. 11.61 lakh onwards (ex-showroom, New Delhi). The Tata Aria range along with the 4x2 range is being made available, in 85 cities through 150 Showrooms in phase 1.
About Tata MotorsTata Motors is India's largest automobile company, with consolidated revenues of Rs. 1,23,133 crores ($ 27 billion) in 2010-11. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also distributes Fiat cars in India, and has an industrial joint venture with Fiat in India. With over 5.9 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the third largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
Tata Motors July sales at 63,761 nos.
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in July 2011 were 63,761 vehicles, lower by 6% over July 2010. The company's domestic sales of Tata commercial and passenger vehicles for July 2011 were 57,990 nos., lower by 9% over 63,559 nos. sold in July last year.
Cumulative sales (including exports) for the company for the fiscal are 256,799 nos., a growth of 4% over 247,381 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in July 2011 in the domestic market were 40,798 nos., a 14% growth compared to 35,694 vehicles sold in July last year. LCV sales were 24,962 nos., a growth of 22% over July last year. M & HCV sales stood at 15,836 nos., a growth of 4% over July last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 153,842 nos., a growth of 16% over last year. Cumulative LCV sales are 92,464 nos., a growth of 22% over last year, while M&HCV sales stood at 61,378 nos., a growth of 7% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and distribution offtake of 18,294 nos. (17,192 Tata + 1102 Fiat) in the domestic market in July 2011, lower by 39% compared to 30,166 nos. (27,865 Tata + 2,301 Fiat) in July last year. Sales of Tata passenger vehicles for July 2011 are at 17,192 nos, lower by 38% over July last year. Sales of the Tata Nano were 3,260 nos., lower by 64% over July last year. The Indica range sales were 5,860 nos., lower by 32% over July last year. The Indigo range recorded sales of 4,877 nos., lower by 30% over July last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 3,195 nos., lower by 2% over July last year.
Jaguar Land Rover sales in India continued their upward trend.
Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 89,105 nos. (82,300 Tata + 6,805 Fiat), against 106,375 nos. (97,974 Tata + 8,401 Fiat) last year, lower by 16%. Cumulative sales of Tata passenger vehicles were 82,300 nos., lower by 16% compared to 97,974 nos., till July last year.
Cumulative sales of the Nano are 25,239 nos., a 6% increase compared to 23,779 nos., till July last year. Cumulative sales of the Indica range are 23,795 nos., lower by 32%. Cumulative sales of the Indigo family are 19,309 nos., lower by 26%. Cumulative sales of the Sumo/Safari/ Aria range are 13,957 nos., higher by 8%.
Exports
The company's sales from exports at 5,771 vehicles in July 2011 registered a growth of 36% compared to 4,241 vehicles in July last year. The cumulative sales from exports for the fiscal at 20,657 nos. are higher by 25% over 16,484 nos. in the same period last year.
cocall INVITEE info for JLR
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Presentation & notes of today's meet are attached.
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Tata Motors First-Quarter Profit Misses Estimates as Jaguar Sales Decline
- in
Tata Motors Ltd. (TTMT) first-quarter profit missed analysts’ estimates as the owner of Jaguar Land Rover reported sales of its passenger cars in India fell and Jaguar deliveries declined.
Net income rose to 20 billion rupees ($441 million) in the three months ended June 30 from 19.9 billion rupees a year earlier, according to a statement from the Mumbai-based automaker yesterday. Profit lagged behind the 21.6 billion-rupee median of 32 analysts’ estimates compiled by Bloomberg. Sales increased 24 percent to 333.9 billion rupees.
Jaguar unit sales declined 27 percent in the period from a year-earlier, while Tata Motors posted an 8.5 percent drop in Indian passenger vehicle sales in the quarter as rising interest rates damped demand in a country where about 80 percent of purchases are funded by loans. The Jaguar Land Rover unit, bought by Tata Motors in 2008, is planning to introduce new vehicles to compete for a bigger share of the high-end segment.
“The main issue in the earnings was the performance of Jaguar Land Rover,” said Walter Rossini, who helps manage about $300 million in Indian assets at Aletti Gestielle SGR SpA in Milan. “Probably the market overestimated the strength of Jaguar Land Rover on the basis of the performance of other luxury brands.”
Trailing BMW
Sales of Jaguar and Land Rover vehicles rose 5 percent in the quarter, compared with 15 percent for Bayerische Motoren Werke AG and 4.4 percent for Daimler AG’s Mercedes-Benz.
Tata Motors shares declined as much as 4.4 percent to 812 rupees, and were trading at 814.85 rupees as of 10:39 a.m. in Mumbai. The benchmark Sensitive Index of the Bombay Stock Exchange was little changed.
The company’s compact Range Rover Evoque, which goes on sale in September, has received about 18,000 bookings, Tata Motors said in the statement. The company plans to introduce a 2.2 liter, diesel Jaguar XF by the end of this year.
“Everyone is looking at the Evoque and also at the product launches from Jaguar that will help increase sales,” said Juergen Maier, who helps manage about $1.2 billion of emerging- market shares, including Indian stocks, at Raiffeisen Capital Management in Vienna.
Jaguar, the 76-year-old British luxury-car brand, aims to challenge BMW with a hybrid supercar and an entry-level sedan to compete with the 3-Series. The new models are part of Tata’s plans to invest 1.5 billion pounds ($2.4 billion) annually in product development at Jaguar and sister brand Land Rover over the next five years.
‘Exceptional Products’
“We continue to see strong performances in key markets such as China and Russia and very soon we will have some exceptional new product offerings,” Ralf Speth, chief executive officer at Jaguar Land Rover, said in an e-mailed statement yesterday.
Tata Motors is turning to the British luxury brands, which it purchased from Ford Motor Co., for growth and to drive international ambitions. The Jaguar Land Rover unit, based in Gaydon, England, generated 57 percent of Tata Motors’ revenue for the year ended March 31, up from 53 percent a year earlier.
Higher costs and impact of exchange rates resulted in a reduction in the operating margin at Jaguar Land Rover to 15.1 percent in the quarter from 15.4 a year ago, the company said. Profit after tax declined 3.1 percent to 219 million pounds ($355 million).
The company plans to tap growing demand for luxury cars in China with more than 100 Jaguar and Land Rover dealerships by the end of this year, the automaker said in an investor presentation on its website.
Jaguar Sales Fall
Land Rover deliveries for the quarter through June rose 16 percent to 50,747 vehicles. Jaguar’s sales fell to 11,343 cars in the quarter. Tata Motors passenger vehicle sales in India declined to 76,176 units, according to the Society of Indian Automobile Manufacturers.
Raw material costs rose 37 percent to 203.9 billion rupees, the company said. Commodity prices continue to impact profit margins, Chief Financial Officer C. Ramakrishnan said at a news conference in Mumbai yesterday.
Industrywide car sales in India fell in July from a year earlier, the first monthly decline since January 2009. The nation’s central bank has raised key interest rates 1.75 percentage points this year to rein in inflation.
Last month, the industry group reduced the growth target for car sales in the country to about 12 percent in the financial year that began April 1 from an earlier expectation of an increase of as much as 18 percent.
The automaker sold 21,979 Nano minicars in the quarter and exported 825 in April, according to data from the industry group. The company began exports of the Nano to Nepal and Sri Lanka in the quarter.
Tata Motors will set up 300 dealerships to sell the Nano in the year to March 31, Vice President R. Ramakrishnan said on Aug. 2, after sales declined 64 percent in July from a year earlier.
To contact the reporter on this story: Siddharth Philip in Mumbai at sphi...@bloomberg.net
To contact the editor responsible for this story: Kae Inoue at kin...@bloomberg.net
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is attached.
TATA MOTORS FY-11-AGM-presentation
is attached.--
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Presentation is attached.
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The Board of Tata Motors has approved September 13, 2011 as the Record Date, for the purpose of Sub-Division of the Ordinary Shares and 'A' Ordinary Shares (collectively 'the Shares'), both having face value of Rs. 10/- into 5 Shares having face value of Rs. 2/- each.
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The Tata Motors Group global wholesales, including Jaguar Land Rover, were 85,392 nos., in July 2011, lower by 6% over July 2010. Cumulative sales for the fiscal are 350,565 higher by 4% compared to the corresponding period in 2010-11.
Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 47,238 nos. in July 2011, a growth of 16%. Cumulative sales for the fiscal are 177,402 nos., a growth of 17%.
Global sales of all passenger vehicles were at 38,154 nos. in July 2011, lower by 24%. Cumulative sales for the fiscal are 173,163 nos., lower by 7%.
Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were at 19,035 nos. for the month, lower by 38% over July 2010. Cumulative sales for the fiscal are at 91,954 nos., lower by 16%.
Global sales of Jaguar Land Rover in July 2011 were flat at 19,119 vehicles. Jaguar sales for the month were 4,372 nos., lower by 23%, while Land Rover sales were 14,747 nos., higher by 8%. Cumulative sales of Jaguar Land Rover for the fiscal are 81,209 nos., higher by 6%. Cumulative sales of Jaguar are 15,715 nos., lower by 26%, while cumulative sales of Land Rover are 65,494 nos., higher by 18%.
About Tata Motors
Tata Motors is India's largest automobile company, with consolidated revenues of Rs. 1,23,133 crores ($ 27 billion) in 2010-11. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also distributes Fiat cars in India, and has an industrial joint venture with Fiat in India. With over 5.9 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the third largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
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Tata Motors Said to Hire State Bank to Raise $500 Million Loan From Banks
Tata Motors Ltd. (TTMT), the Indian owner of Jaguar Land Rover, hired State Bank of India to help it borrow $500 million in a term loan, according to a person familiar with the matter.
The two-part facility consists of a $200 million portion which matures in five years and a $300 million portion which matures in seven, the person said, asking not to be identified as details are private.
Lenders committing $20 million or more to the five-year loan will receive margin and fees for a so-called all-in payment of 260 basis points more than the London interbank offered rate while those contributing that amount or more to the seven-year facility will receive a rate of 280 basis points more than Libor, the person said. Tata Motors will use the proceeds for general corporate purposes, the person said.
Meetings to market the loan to other lenders will be held in Taipei on Sept. 5, Singapore on Sept. 6 and London on Sept. 21, the person said. Other meetings may also be arranged in Dubai, the person said.
State Bank of India (SBIN) expects to complete syndication in mid October and Tata Motors will likely sign the loan later that month, the person said.
To contact the editor responsible for this story: Katrina Nicholas at knich...@bloomberg.net
Auto shares in demand on good rains
Six auto shares rose by 0.8% to 2.79% at 12:20 IST on BSE as good monsoon rains raised hopes of increased demand from rural sector.
Mahindra & Mahindra (up 2.79%), Hero MotoCorp (up 2.42%), Tata Motors (up 1.22%), Ashok Leyland (up 0.61%), Maruti Suzuki India (up 0.34%) and Bajaj Auto (up 0.80%), edged higher.
The BSE Auto index outperformed the market over the past one month until 25 August 2011, falling 9.76% compared with the Sensex's 14.44% fall. The BSE Auto index had also outperformed the market in past one quarter, sliding 9.19% as against 9.53% decline in the Sensex.
The near-term prospects for agricultural sector remain good. The rainfall deficit in the country had widened to 5% of the long-term average in July 2011, but a pick-up in August 2011 helped narrow the deficit to 1% by 24 August 2011. Good rains will help boost rural incomes, which in turn may boost sales of two-wheelers, tractors and utility vehicles and cars.
There is also expectation of pick-up in sales of two-wheeler, cars and utility vehicles during the upcoming festive season. The festive season starts with Onam early next month and will last until Diwali, the festival of lights, at the end of October 2011.
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Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in August 2011 were 64,078 vehicles, lower by 3% over August 2010. The company's domestic sales of Tata commercial and passenger vehicles for August 2011 were 59,874 nos., lower by 2% over 60,797 nos. sold in August last year.
Cumulative sales (including exports) for the company for the fiscal are 320,877 nos., a growth of 2% over 315,460 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in August 2011 in the domestic market were 43,045 nos., a 21% growth compared to 35,585 vehicles sold in August last year. LCV sales were 26,344 nos., a growth of 27% over August last year. M&HCV sales stood at 16,701 nos., a growth of 12% over August last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 196,887 nos., a growth of 17% over last year. Cumulative LCV sales are 118,808 nos., a growth of 23% over last year, while M&HCV sales stood at 78,079 nos., a growth of 8% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and distribution offtake of 17,898 nos. (16,829 Tata + 1,069 Fiat) in the domestic market in August 2011, lower by 34% compared to 27,024 nos. (25,212 Tata + 1,812 Fiat) in August last year. Sales of Tata passenger vehicles for August 2011 are at 16,829 nos, lower by 33% over August last year.
Production at Tata Motors' Sanand plant has resumed after a temporary suspension for about a fortnight. This was done for maintenance and to rationalise and align inventory. Consequently, sales of the Tata Nano from the company to dealerships were limited to 1,202 nos., lower by 85% over August last year. The company is witnessing very encouraging response to consumer-oriented marketing efforts, resulting in increasing inquiries and footfalls at the company's showrooms.
The Indica range sales were 7,206 nos., lower by 4% over August last year. The Indigo range recorded sales of 5,100 nos., lower by 24% over August last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 3,321 nos., a growth of 15% over August last year.
Jaguar Land Rover sales in India continued their upward trend.
Exports
The company's sales from exports at 4,204 vehicles in August 2011 are lower by 18% compared to 5,157 vehicles in August last year. The cumulative sales from exports for the fiscal at 24,861 nos. are higher by 15% over 21,641 nos. in the same period last year.
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Dear Shareholder,
In 2010, the world as a whole continued on a path of moderate economic recovery, but with dramatic differences between major geographic regions.
In the western hemisphere, the U.S. showed distinct signs of GDP growth at 2.8% in 2010, although job levels and home mortgage figures did not improve. Western Europe and the U.K. were marginally positive at 2% and 1.3% respectively. In striking contrast, Asia registered a growth rate of 9.5% led by China and India at 10.3% and 8.5% respectively. In Latin America, Brazil registered a robust growth of 7.5% and South Africa registered a very respectable growth rate of 2.8%.
The figures of growth and economic activity re-affirm that the hub of sustained economic growth has shifted from the developed nations in North America, Western Europe and the U.K., to the newly-developed and developing countries in Asia, Latin America and Africa, where the domestic market demand for goods and services is increasing, where the cost of skilled labor is low, and where newer production facilities are not burdened with high legacy costs. Further, the astronomical rise in natural resources has given some of the resource-rich nations in the developing world a new-found position of global dominance in sourcing to the developed manufacturers of the west. Whatever may be one’s future view, one would have to accept that investments in new technologies, manufacturing facilities and skills development will most likely be in that part of the world where large
population-driven markets have developed, and that more and more highly competitive goods and services will emanate from such locations for export to the established markets of the developed world. As boundaries and barriers become less meaningful, skilled labor, research and development and supporting infrastructure will tend to be relocated in these new emerging locations in Asia and Latin America.
A good example of these recent global shifts is the case of passenger cars. In 1955 the United States was undisputedly the largest manufacturer of automobiles. It produced 7.1 million cars ~70% of world consumption. Detroit was the center for most important new automotive technologies in terms of new features, new materials, process and manufacturing innovations. By 1960, the U.S. ceded its technical dominance to the European carmakers
which could develop and deliver more attractive cars of higher quality at competitive prices. By 1980, Japan and later South Korea became serious competitors to the Europeans and began to take a larger share of the U.S. market by producing more appealing, higher quality and technically innovative cars at competitive prices. The landscape in 2010 has dramatically changed again! China has emerged as the world’s largest automobile producer. Its production of 13.8 million cars in 2010 accounted for 24% of world production, surpassing the U.S., which produced only 2.7 million cars1 – 5% of the world’s production. Further, China has emerged as the world’s largest domestic market for automobiles (In 2010 Chinese buyers bought about 18 million automobiles, against 11.7 million bought in the U.S.). Even after the economic meltdown in 2009, China and India saw 45% and 26% growth respectively in their domestic automobile markets while Europe, U.K. and the U.S. automobile markets declined by 6%, 11% and 21% respectively.
The global automobile industry production in 2010 stood at about 58 million for passenger cars and about 19 million for commercial vehicles, registering a growth of about 22% and 38% respectively over the previous year.
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- 25 kmpl mileage achieved with five technological advancements
- New CR4 engine with smart engine management chip
- Class defining features and new interiors
Tata
Motors today launched the Tata Indigo e-CS VX, the most fuel-efficient
sedan in the country, with a mileage of 25 kmpl, certified by the
Automotive Research Association of India (ARAI). With a host of other
exciting features in the car, the Tata Indigo e-CS VX is a new trim in
the Tata Indigo e-CS range.It sports the all new CR4 Common Rail Diesel engine that has a displacement of 1396 cc delivering 70 PS @ 4000 RPM. With a higher torque of 140 NM at a lower 1800-3000 RPM, improvements in gear ratios, clutch-to-start and reduction in the weight of the car by around 10 kg, the Tata Indigo e-CS VX ensures better pickup.
The Tata Indigo e-CS VX is also available with the MPFi petrol engine. Both these engines are compliant with BS4 emission norms.
This mileage of 25 kmpl in the CR4 Common Rail Diesel engine is hinged on five technological advancements.
- SMART EMS (Engine Management System) CHIP that involves perfectly calibrating engine components every micro second to optimise functionality -- right from valve timing to compression ratios, to pressure volume ratios, to air fuel mixture, flawlessly synchronising every engine function to deliver 25 kmpl mileage.
- MAXIMUM CHARGE COMBUSTION - An innovatively designed engine head, block and piston assembly that ensures effective intake and circulation of charge (mixture of air and fuel), thereby minimising pumping friction losses. The result is maximum combustion of charge, increased efficiency and power.
- DRAG REDUCTION - Redesigned wheel arches and subtle alterations on the exteriors, combined with a lighter shell and engine, have collectively contributed to making the car more aerodynamic, reducing the drag coefficient.
- TRANSAXLE (Gear Box) - With optimised Gear ratios to give best fuel efficiency and driveability together.
- TYRES
- For drag / rolling losses reduction, optimised tyres were developed
which provide low rolling losses coupled with good riding comfort and
handling.
The interiors have been enriched with dual-tone beige seating and dashboard, premium wood-finish centre console, new instrument cluster with chrome rings and rear centre armrest for enhanced comfort. The plushness is enhanced with keyless entry, ABS, Bluetooth connectivity and electrical controls for ORVMs, besides carrying forward the comfortable AC, power steering and power windows.
The car comes with a warranty of 18 months and unlimited kms, for private usage.
The Tata Indigo e-CS VX is priced at Rs. 580,339 (ex-showroom Delhi), for the CR4 diesel engine and the Tata Indigo e-CS GVX is priced at Rs. 497,727 (ex-showroom Delhi), for the MPFi petrol engine.
The Tata Indigo CS has dominated the entry mid-size segment in the country for almost 4 years with its proposition of being the most compact sedan in the market. It has been appreciated for its classy styling as much as the great value proposition that it offers at an unbeatable price to a sedan aspirant.
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TATA MOTORS ROAD SHOW PRESENTATION IS ATTACHED.
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Tata Motors Limited announces that Mr. Carl-Peter Forster has ceased to be the Group CEO and MD, with immediate effect, due to his unavoidable personal circumstances. However, at the request of the Board, Mr. Forster will continue to serve the Board of Tata Motors Limited as a non-executive member. Mr. Prakash Telang, MD of India Operations, and Dr. Ralf Speth, CEO of Jaguar Land Rover, will represent their respective operations on the Board.
Mr. Ratan N. Tata, Chairman of the Board of Tata Motors, noted: "The Board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group CEO and MD. We are looking forward to continue to working with him as a non-executive member of the Board."
Mr. Carl-Peter Forster stated: "I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing the thriving global activities of the Tata Motors Group with its main activities in India and the UK and increasingly in additional overseas markets. I am glad to continue my association with Tata Motors."
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Tata Motors Forced to Search for Chief Executive While Jaguar Sales Plunge
Tata Motors Ltd. (TTMT), owner of the Jaguar and Land Rover brands, is being forced to search for a new chief executive officer as it struggles to revive sales of the luxury sedan amid a worsening debt crisis in Europe.
Carl-Peter Forster, 57, who helped the Jaguar Land Rover unit turn to profit in the year ended March 31, quit on Sept. 9 after less than two years as the global head of India’s biggest automaker citing “unavoidable personal circumstances.”
Forster’s replacement will face the challenge of reversing six straight months of declining sales at Jaguar as economies in Europe stall. Tata Motors, which last year got 35 percent of its revenue from the U.S. and Europe, needs to find a head for the company soon to avoid derailing a plan to invest $2.4 billion annually in new models and expanding into China, according to Deepesh Rathore, managing director for IHS Automotive.
“They are going to be left wondering who is going to replace him,” said Andrew Jackson, an analyst at research firm Datamonitor in London. “This is a big blow really for Jaguar Land Rover. He signed off on a very bold change in direction for the company.”
Prakash Telang, managing director of the company’s Indian operations, and Ralf Speth, chief executive officer of Jaguar Land Rover, will represent their respective units on Tata Motors’ board, according to an e-mailed statement on Sept. 9.
Tata Motors’ shares declined as much as 6.2 percent, and fell 3.8 percent to 147.25 rupees as of 9:41 a.m. in Mumbai. The company’s shares have dropped 44 percent this year, making it the worst performing stock in the BSE India Sensitive Index.
Growth Market
Forster presided over a 20-fold jump in Jaguar Land Rover’s profit before tax in the year ended March 31. He also led Tata Motors plan to tap China, Asia’s largest economy.
China is the No. 1 growth market for Jaguar Land Rover, Forster said in a Bloomberg TV interview in May. Tata Motors is looking for a local partner in China to set up assembly operations in the country, and the company has shortlisted manufacturers, Forster said in a separate interview the same month, without naming any of the potential partners.
Forster wasn’t available for comment, Tata Motors spokesman Debasis Ray said on Sept. 9.
Forster helped by “pulling Jaguar and Land Rover out of the mud and making them profitable,” said Peter Schmidt, managing director of Warwick, England-based Automotive Industry Data. “It will be very, very difficult to replace him in the short term, and possibly in the long term.”
The Jaguar Land Rover unit, based in Gaydon, England, generated 57 percent of Tata Motors’ revenue for the year ended March 31, up from 53 percent a year earlier.
Supercar
The division’s pretax profit surged 20-fold to 1.12 billion pounds for the fiscal year. Jaguar aims to challenge Bayerische Motoren Werke AG with a hybrid supercar and an entry-level sedan to compete with the 3-Series.
The new models are part of Tata’s plans to invest 1.5 billion pounds ($2.4 billion) annually in product development at Jaguar and Land Rover over the next five years. The spending will include 40 new vehicles or upgrades, including the Range Rover Evoque, for which the company has begun deliveries.
Europe’s debt crisis drove a 23 percent decline in Jaguar sales to 4,372 in July, according to a company statement. Almost 25 percent of Jaguar and Land Rover sales come from the U.K., where the economy grew at the slowest pace in the second quarter since it contracted in the first three months of 2010. North America and Europe account for about 22 percent each of sales, according to a company presentation.
Nano Sales
Forster, who was hired in February 2010, will remain as a non-executive member on the company’s board, Mumbai-based Tata Motors said in the statement. The company recruited Forster from General Motors Co. (GM) where he was head of European operations.
Passenger-vehicle sales at Tata Motors slumped 33 percent in August from a year earlier after India’s central bank raised its benchmark interest rate to 8 percent in July, the highest among Asia’s biggest economies.
Deliveries of the Nano, the world’s cheapest car, plunged 85 percent to 1,202 units in August, Tata Motors said in a statement on Sept. 1. The Society of Indian Automobile Manufacturers said last week it may cut the industry’s sales forecast after economic growth slowed to the lowest in six quarters in the three months ended June.
“I would expect Forster’s position to be filled up in the next two to three months if the company wants to keep their plans on track,” said Rathore.
Tata Motors bought Jaguar Land Rover from Ford Motor Co. in 2008 for $2.5 billion.
To contact the reporters on this story: Siddharth Philip in Mumbai at sphi...@bloomberg.net; Steven Rothwell in London at srot...@bloomberg.net
EQUITY BULL
RAJESH DESAI
The Tata Motors Group global wholesales, including Jaguar Land Rover, were 87,459 nos., in August 2011, higher by 3% over August 2010. Cumulative sales for the fiscal are 438,070 higher by 3% compared to the corresponding period in 2010-11.
Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 48,023 nos. in August 2011, a growth of 17%. Cumulative sales for the fiscal are 225,471 nos., a growth of 17%.
Global sales of all passenger vehicles were at 39,436 nos. in August 2011, lower by 11%. Cumulative sales for the fiscal are 212,599 nos., lower by 9%.
Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were at 18,194 nos. for the month, lower by 35% over August 2010. Cumulative sales for the fiscal are at 110,148 nos., lower by 21%.
Global sales of Jaguar Land Rover in August 2011 were at 21,242 vehicles, higher by 31% over August 2010. Jaguar sales for the month were 3,409 nos., lower by 10%, while Land Rover sales were 17,833 nos., higher by 43%. Cumulative sales of Jaguar Land Rover for the fiscal are 102,451 nos., higher by 10%. Cumulative sales of Jaguar are 19,124 nos., lower by 23%, while cumulative sales of Land Rover are 83,327 nos., higher by 23%.
About Tata Motors
Tata Motors is India's largest automobile company, with consolidated revenues of Rs. 1,23,133 crores ($ 27 billion) in 2010-11. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also distributes Fiat cars in India, and has an industrial joint venture with Fiat in India.� With over 5.9 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the third largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
EQUITY BULL
RAJESH DESAI
Tata Motors Ltd today opposed the Calcutta High Court's initiative on compensation to it for the West Bengal government vesting land at Singur that was leased to the company.
TML counsel S Pal disagreed with the proposal and informed Justice I P Mukerji, who is hearing the TML challenge of the Singur Land Rehabilitation and Development Act 2011, that there was no mention of the leasehold value of the land which could be 500 per cent higher than that of the structure constructed at Singur.
Pal submitted that he had challenged the constitutionality of the act itself and that it could not be mixed up with the question of compensation.
He stated that his right to compensation was a constitutional right and it could not be taken away by citing the letter of September 28, 2010 or by an act that he claimed violated constitutional provisions.
TML has already taken away all machinery from Singur to Sanand in Gujarat and set up its Nano car plant there.
The state government, on the other hand, said that the Hooghly district judge would determine the compensation considering the principle laid down under section 23 and 24 of the Land Acquisition Act 1894.
Replying to a directive by Justice Mukerji yesterday that the government spell out whether it was willing to pay compensation to TML, Advocate General Anindya Mitra submitted that it would also consider the structure constructed by TML at its recent market value and also the letter of the company written to WBIDC on September 28, 2010.
In the said letter, TML had said it was willing to leave the 600 acre of leased land at Singur provided it received proper compensation, he stated.
Justice Mukerji observed that though it would be dangerous if the government had the right to acquire any land for industry, but in this case when TML had written a letter stating it was willing to leave the land at Singur if paid proper compensation, then the state was within its right to acquire the land.
He observed that for TML it was not a question of keeping the land but negotiating the amount of compensation that it thought proper.
The matter was adjourned for the day and would be heard again tomorrow.
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EQUITY BULL
RAJESH DESAI
Chinese mkts grew 100% for JLR in Aug; Tata Motors surge 3%
Tata Motors
touched an intraday high of Rs 157.60 and an intraday low of Rs
153.25. At 09:32 hrs the share was quoting at Rs 156.15, up Rs 5.05, or
3.34%.
It was trading with volumes of 450,641 shares. In the
previous trading session, the share closed up 6.04% or Rs 8.60 at Rs
151.10.
The company's August JLR sales were very strong especially since it
tends to be a weak month seasonally. It was reporting flat sales for the
last couple of months. The growth is attributable to Chinese markets,
which continued to grow at 100% for JLR even in August 2011.
The volume growth in Land Rover was very strong, new Land Rover Evoque saw 1750 units; volume growth ex- Evoque was 20% MoM.
YoY
Total sales up 31% at 21242 units
Jaguar sales down 10% at 3409 units
Land Rover sales up 43% at 17833 units
MoM
Total sales up 11% at 21242 versus 19119 units
Jaguar sales down 22% at 3409 versus 4372 units
Land Rover sales up 21% at 17833 versus 14747 units
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 139.65 | 156.15 | 16.50 | 11.82 |
| 5-Days | 152.72 | 156.15 | 3.43 | 2.25 |
| 7-Days | 157.79 | 156.15 | -1.64 | -1.04 |
| 15-Days | 151.02 | 156.15 | 5.13 | 3.40 |
| 1-Month | 160.35 | 156.15 | -4.20 | -2.62 |
| 3-Month | 198.68 | 156.15 | -42.53 | -21.41 |
| 6-Month | 228.69 | 156.15 | -72.54 | -31.72 |
| 9-Month | 264.04 | 156.15 | -107.89 | -40.86 |
| 1-Year | 204.86 | 156.15 | -48.71 | -23.78 |
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EQUITY BULL
RAJESH DESAI
Tata Motors launches the Tata Manza and the Tata Prima in South Africa
Also displays at the Johannesburg International Motor Show:
- Tata Vista
- Tata Venture, a Multi Purpose Van
- Tata Super ACE, the latest 1 tonne mini-truck
- Tata Xenon CNG
- Tata Xenon 2.2 L Cargo Box
- Tata Xenon 2.2 L Double Cab 4x4
- Tata LPO 1823, 65 seater commuter bus
- Tata LPO 1623 CNG bus
- Tata Starbus 34 Ultra
- Tata LPTA 1623, a special application 4X4 truck
- V3TXF, 480 hp 6X4 tractor from the Tata Novus range
Tata Motors, India's largest automobile company, today launched the luxurious Tata Manza sedan and the international Tata Prima range of premium commercial vehicles at the Johannesburg International Motor Show 2011.
It has also displayed, for the first time, a wide range of other vehicles, laden with latest technologies delivering better comfort, convenience, performance and environment protection. In passenger vehicles, on display is the Tata Vista. Among commercial vehicles, the debutants include the Tata Venture, a multi-purpose vehicle, Tata Super ACE, the latest 1 tonne mini-truck, the Tata Xenon CNG, Tata Xenon 2.2 L Cargo Box, Tata Xenon 2.2 L Double Cab 4x4, Tata LPO 1623 CNG bus, the 65-seater, Tata LPO 1823 commuter bus, Tata Starbus Ultra range (also known as the Y1 Bus), V3TXF, 6X4 tractor from the Tata Novus range and the Tata LPTA 1623 4x4 truck.
Speaking on the occasion, Mr. P.M. Telang, Tata Motors' Managing Director - India Operations, said, "The new Tata vehicles being introduced in South Africa will bolster our already significant portfolio in the country. These introductions benefit from our innovations and learnings from South Africa's customers. We look forward to a deeper presence in South Africa, which is already a focus market for us."
According to Mr. Noel Tata, Managing Director, Tata International Limited, "We see Africa as a region of tremendous potential for the group and our participation in the Motor Show with the introduction of the latest products will serve to further strengthen the Tata brand in these markets. In South Africa, the auto industry is making giant strides and we are happy to contribute to this growth."
Mr. Raman Dhawan, Managing Director, Tata Africa Holdings, said, "Tata Africa has for over more than two decades, increased its footprint throughout Africa to be present in 11 countries. Our various Tata vehicles on the roads throughout this continent bear witness to the enthusiastic uptake and relevance of the product and the brand. We are fully committed to the long term growth and improvement of our reach in this sector throughout Africa."
Mr. Manny De Canha, CEO, Associated Motor Holdings, said, "Tata Motors has established a strong footprint in the South African market. We aim to continuously scale up on this foundation. Tata Motors has developed a new and impressive portfolio of vehicles. Accordian Investments is proud to be associated with a brand that is gaining international recognition. Tata vehicles are known to offer high value propositions to the South African customer. We will continue to support these products by offering high quality after sales service."
The Tata Manza, with a feline aggressive appearance, is a new car sporting a new body on a new platform and new interiors. The spacious right inclination rear seats with a centre armrest allow one to sit back and relax, in a living room like comfort and ambience. The tilt adjustable power steering with a height adjustable driver seat allows comfortable driving posture. The driver information system on top of the central console provides information on fuel consumption and ambient temperature, while the sporty instrument cluster shrouded in the swoop of the soft-feel dashboard completes the styling statement. A 2 DIN Music System offers connectivity with a USB port and Bluetooth connectivity through the Blue5. The safety features include a collapsible steering column, ABS and Dual Frontal Airbags amongst others. The drive refinement of the Tata Manza stems from the internationally-acclaimed Fiat 66 kw Quadrajet Diesel and Safire Petrol engines. Tata Manza has one of the most voluminous boot space in its class with a capacity of 460 litres.
The Tata Manza will be available across dealerships in South Africa next year.
The international Tata Prima range of premium trucks has been designed to offer several applications to meet varied end-user requirements in South Africa. The introductions benefit from multiple customer engagements and testing cycles in the country.
The Tata Prima's increased power as compared to the existing range ensures faster trips and higher profitability. Equipped with strong aggregates, such as a robust chassis frame and suspension, it can overcome any terrain. A data logger helps measure vehicle performance and driving practices along several parameters on a daily basis. The air-conditioned cabin, suspended driver seat and an ergonomically designed instrument cluster improve driver efficiency, resulting in increased productivity and faster returns on investment. The new range is Euro III, Euro IV compliant, and Euro V ready. Tata Motors will begin distribution of the Prima 4938S 6X4 tractor, Prima 4038S 4X2 tractor, Prima 4028S 4X2 tractor, Prima 2528K 6X4 10cum box-tipper, Prima 2538K 6X4 14cum box-tipper, Prima 3138K 8X4 19cum scoop-tipper, in South Africa by early 2012.
With the large segment of 6x4 tractors poised to grow further in South Africa, the Tata Novus V3TXF, a 480 hp 6x4 tractor, is the latest addition to the Tata stable from Tata Daewoo in Korea. Equipped with the immensely popular IsX 15 480 hp Cummins engine which commands over 20% of the South African market and an Eaton AMT gearbox, this vehicle is tailor-made for the South African market.
In South Africa, Tata Motors passenger vehicles & Light Commercial Vehicles distributor is Accordian Investments (Pty) Ltd. (www.tatasa.co.za), a joint venture company between Tata Africa and Associated Motor Holdings. The commercial vehicles distributor is Tata Automobile Corporation South Africa (Pty) Ltd. (www.tata.co.za), a subsidiary of the holding company, Tata Africa.
Tata Motors started exports to South Africa in 1998, with commercial vehicles. Exports of passenger vehicles began in 2004. The models currently being sold in South Africa are the Tata Indica and Tata Indica Vista Hatch Back, Tata Indigo Sedan, Tata Indigo Station Wagon and Tata Safari in the passenger vehicles segment, the Tata Xenon range of 2.2L and 3L pick ups, more than 20 truck & bus models ranging from 2T to 56T Gross Combination Mass prime mover trucks and 28-38 seater buses. So far, Tata Motors has sold over 32,000 passenger vehicles and over 35,000 commercial vehicles in South Africa.
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EQUITY BULL
RAJESH DESAI
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EQUITY BULL
RAJESH DESAI
Tata Motors Group global wholesales at 107,258 vehicles in September 2011
The Tata Motors Group global wholesales, including Jaguar Land Rover, were 107,258 nos., in September 2011, higher by 24% over September 2010. Cumulative sales for the fiscal are 546,645 higher by 6% compared to the corresponding period in 2010-11.
Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 51,719 nos. in September 2011, a growth of 28%. Cumulative sales for the fiscal are 278,507 nos., a growth of 19%.
Global sales of all passenger vehicles were at 55,539 nos. in September 2011, higher by 21%. Cumulative sales for the fiscal are 268,138 nos., lower by 4%.
Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were at 27,900 nos., for the month, higher by 5% over September 2010. Cumulative sales for the fiscal are at 138,048 nos., lower by 17%.
Global sales of Jaguar Land Rover in September 2011 were at 27,639 vehicles, higher by 42% over September 2010. Jaguar sales for the month were 5,525 nos., higher by 14%, while Land Rover sales were 22,114 nos., higher by 51%. Cumulative sales of Jaguar Land Rover for the fiscal are 130,090 nos., higher by 14%. Cumulative sales of Jaguar are 24,649 nos., lower by 17%, while cumulative sales of Land Rover are 105,441 nos., higher by 25%.
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CA. Rajesh Desai
RAJESH DESAI
Report is attached.
CA. Rajesh Desai
RAJESH DESAI
Tata Motors� total sales (including exports) of Tata commercial and passenger vehicles in October 2011 were 68,009 vehicles, higher by 5% over October 2010. The company�s domestic sales of Tata commercial and passenger vehicles for October 2011 were 63,838 nos., higher by 9% over 58,806 nos., sold in October last year.
Cumulative sales (including exports) for the company for the fiscal are 467,669 nos., a growth of 5% over 444,869 nos., sold last year.
Commercial Vehicles
The company�s sales of commercial vehicles in October 2011 in the domestic market were 38,714 nos., a 13% growth compared to 34,328 vehicles sold in October last year. LCV sales were 21,892 nos., a growth of 6% over October last year. M&HCV sales stood at 16,822 nos., a growth of 23% over October last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 281,848 nos., a growth of 18% over last year. Cumulative LCV sales are 168,792 nos., a growth of 24% over last year, while M&HCV sales stood at 113,056 nos., a growth of 10% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and distribution offtake of 25,746 nos. (25,124 Tata + 622 Fiat) in the domestic market in October 2011, lower by 3% compared to 26,503 nos. (24,478 Tata + 2025 Fiat) in October last year. Sales of Tata passenger vehicles for October 2011 are at 25,124 nos., a growth of 3% over October last year. Sales of the Tata Nano were 3,868 nos., higher by 26% over October last year. The Indica range sales were 10,812 nos., higher by 11% over October last year. The Indigo range recorded sales of 6,268 nos., lower by 24% over October last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 4,176 nos., a growth of 23% over October last year.
Jaguar Land Rover sales in India continued their upward trend. Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 159,886 nos. (150,572 Tata + 9,314 Fiat), against 187,539 nos. (173,651 Tata + 13,888 Fiat) last year, lower by 15%. Cumulative sales of Tata passenger vehicles were 150,572 nos., lower by 13% compared to 173,651 nos., till October last year. Cumulative sales of the Nano are 33,245 nos., lower by 18% compared to 40,467 nos., till October last year. Cumulative sales of the Indica range are 52,095 nos., lower by 11%. Cumulative sales of the Indigo family are 38,470 nos., lower by 26%. Cumulative sales of the Sumo/Safari/ Aria range are 26,762 nos., higher by 19%.
Exports
The company's sales from exports at 4,171 vehicles in October 2011 are lower by 30% compared to 5,950 vehicles in October last year. The cumulative sales from exports for the fiscal at 35,249 nos., are higher by 8% over 32,648 nos., in the same period last year.
CA. Rajesh Desai
RAJESH DESAI
The all new Tata Sumo Gold arrives
- Equipped with the new technologically advanced, BS4 3.0L diesel CR4 engine, delivering 85 PS power for enhanced driving pleasure. Also available in turbo engine
- Best in class 250 Nm torque, for excellent power and reduced gear shifts
- New generation styling with luxurious upholstery
- Smoother transmission
- Softened suspension for better ride quality
- Best in class, small turning radius of 4.9m
- Tallest vehicle in its category, with class leading seating space & comfort for all occupants
Tata Motors, today, launched the all new Tata Sumo Gold, the most powerful SUV in its category, which will redefine the market with its sheer power & reliability.
The Tata Sumo Gold has been conceived and designed keeping in mind the needs of the young & progressive customer, who is looking for a stylish, new-age vehicle that is powerful and takes on any terrain with ease.
Launching the Tata Sumo Gold, Mr. R. Ramakrishnan, Vice President, Commercial - PCBU, Tata Motors said, "The
Tata Sumo Gold is a result of extensive consumer studies and field
tests. The product has been designed to fulfil various requirements,
long-awaited by the new generation customer."
At the heart of every Tata Sumo Gold, lies a growling engine that thumps out vicious power. The Tata Sumo Gold goes a step ahead in putting the reins of power in the customer's hands, by letting him choose from two powerhouses, that suits his driving experience, delivering the best-in-class acceleration, power and an excellent torque aided pick-up & pull power.
CR4 Turbo - BS4: Symbolising a new elevated state of automobile engineering, the all-new CR4 Turbo engine brings fresh blood to a lineage of powerful engines. This 2956cc determined powerhouse delivers an output of 85Ps @ 3000rpm and a torque of 250Nm @ 1000 to 2000rpm. With a stunning mileage of 14.7 kmpl, this engine is one giant leap ahead of the rest, in its league.
Di Turbo BS3: Bringing years of know-how to a lineage of power is the Di Turbo engine. This 2956cc engine is all-muscle, generating an output of 70PS @ 3000rpm and a torque of 225Nm @ 1600 to 2000rpm. Its sheer size and heft makes the Di Turbo the largest sized diesel engine. This engine delivers an impressive mileage of 14.3kmpl.
The Tata Sumo Gold has an imposing poise, broad stable stance and a visual blitzkrieg of stylish body graphics. A new headlight design works in tandem with a prominent tail lamp cluster, high power forward and rear fog lamps, to light up the path. A renewed front grill, wide rear with a clean back and a spare wheel below the cabin, add not only to its dominant presence but also to its functionality. Large 15'/ 16' wheels with wide 215 mm / 185 mm radial tyres and a high ground clearance of 190 mm completes the Tata Sumo Gold's aggressive looks.
The Tata Sumo Gold is as refined on the inside as it is muscular on the outside. A leather wrapped steering wheel, with hydraulic power assistance, puts the driver in absolute control. A stylish centre silver console and a dashboard are thoughtfully located so that reaching out for them is almost instinctive. Plush fabrics add a touch of sophistication, to the spacious interiors, as excellent head, leg and shoulder space makes room for all passengers.
The modern HVAC, with easy to reach controls, latest music system, power windows and an engine immobiliser with a key, makes every drive comfortable, secure and entertained. Switching gears will be easier with a smooth short throw gear lever. A full featured instrument panel informs you regarding every necessary detail, about the Tata Sumo Gold.
The new Tata Sumo Gold is being launched in 4 variants - GX, EX, LX & CX - along with a warranty of 3 years or 1,00,000 kms, whichever is earlier. The Tata Sumo Gold range will be available from Rs. 5.23 lakh onwards (ex-showroom, Pune).
Flash Figure : October 2011
PRODUCTION
Category Oct-11 Oct-10 Oct-09 2011-12 2010-11 2009-10 M& HCV 17,310 13221 10980 125,217 93,288 71,758 LCV 24,628 24432 18630 202,000 129,649 118,790 UTILITY 4,260 3296 2125 26,313 17,695 18,266 CARS 24,052 23025 10513 138,824 131,891 72,740 TOTAL 70,250 63,974 42,248 492,354 372,523 281,554 SALES A. For the month
Domestic Exports Total Category Oct-11 Oct-10 Oct-09 Oct-11 Oct-10 Oct-09 Oct-11 Oct-10 Oct-09 M& HCV 16,823 13,640 11,916 1,067 1,970 1,163 17,890 15,610 13,079 LCV 21,891 20,689 18,625 2,403 3,373 1,280 24,294 24,062 19,905 UTILITY 4,176 3,389 2,454 32 38 21 4,208 3,427 2,475 CARS 20,948 21,089 17,557 669 569 388 21,617 21,658 17,945 TOTAL 63,838 58,807 50,552 4,171 5,950 2,852 68,009 64,757 53,404 B. For the year
Domestic Exports Total Category 2011-12 2010-11 2009-10 2011-12 2010-11 2009-10 2011-12 2010-11 2009-10 M& HCV 113,058 102,540 73,338 8,386 9,689 6,750 121,444 112,229 80,088 LCV 168,791 136,031 118,903 22,254 17,314 6,225 191,045 153,345 125,128 UTILITY 26,762 22,490 18,156 402 465 292 27,164 22,955 18,448 CARS 123,810 151,161 100,423 4,207 5,180 2,808 128,017 156,341 103,231 TOTAL 432,421 412,222 310,820 35,249 32,648 16,075 467,670 444,870 326,895
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CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
CA. Rajesh Desai
RAJESH DESAI
aguar Land Rover Plc has agreed in principle with China's Chery Automobile to develop a luxury car based on its Jaguar models that may carry a Chery or a new marque in order to win Chinese government approval for a manufacturing venture, a Chinese newspaper reported on Wednesday.
Britain-based JLR, a subsidiary of Tata Motors Ltd, had previously explored cooperations with Chinese partners, including Great Wall Motor Co Ltd, but made little headway.
"The National Development and Reform Commission NDRC.L made it very clear that in order to get approval for the project to go ahead, the two sides must have substantial cooperation, not just adding new capacity," the 21st Century Business Herold said, citing an unnamed source.
The NDRC has the power to approve or block major foreign joint venture projects.
A proposed tie-up between Chery and Fuji Heavy Industries Ltd to make Subaru vehicles in China hit regulatory snags because the deal was ruled to lack substance, according to the source.
The newspaper said a car co-developed by JLR and Chery would carry either a Chery logo or a joint venture logo and the two sides might also collaborate on green vehicles.
Chery and JLR executives could not immediately be reached for comment.
Tata Motors November sales at 76,823 nos.
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in November 2011 were 76,823 vehicles, higher by 41% over November 2010. The company's domestic sales of Tata commercial and passenger vehicles for November 2011 were 72,474 nos., higher by 44% over 50,419 nos., sold in November last year.
Cumulative sales (including exports) for the company for the fiscal are 544,492 nos., a growth of 9% over 499,510 nos., sold last year.
Commercial Vehicle
The company's sales of commercial vehicles in November 2011 in the domestic market were 44,737 nos., a 28% growth, compared to 35,079 vehicles, sold in November last year. LCV sales were 28,673 nos., a growth of 41%, compared to 20,376 vehicles sold in November, last year. M&HCV sales stood at 16,064 nos., a growth of 9%, compared to 14,703 vehicles sold in November, last year.Cumulative sales of commercial vehicles in the domestic market for the fiscal are 361,227 nos., a growth of 19% over last year. Cumulative LCV sales are 197,465 nos., a growth of 26% over last year, while M&HCV sales stood at 129,120 nos., a growth of 10% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and distribution offtake of 28,774 nos. (27,737 Tata + 1037 Fiat) in the domestic market in November 2011, higher by 76% compared to 16,363 nos. (15,340 Tata + 1023 Fiat) in November last year. Sales of Tata passenger vehicles for November 2011 are at 27,737 nos., a growth of 81% over 15,340 nos., sold in November last year. Sales of the Tata Nano were 6,401 nos., compared to 509 nos., sold in November, last year. The Indica range sales were 10,926 nos., higher by 91%, over 5,716 nos., sold in November, last year. The Indigo range recorded sales of 6,213 nos., higher by 3%, over 6,009 nos., sold in November, last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 4,197 nos., a growth of 35%, over 3,106 nos., sold in November, last year.
Jaguar Land Rover sales in India continued their upward trend.
Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 188,660 nos. (178,309 Tata + 10,351 Fiat), against 203,921 nos. (189,010 Tata + 14,911 Fiat) last year, lower by 7%. Cumulative sales of Tata passenger vehicles were 178,309 nos., lower by 6% compared to 189,010 nos., till November last year. Cumulative sales of the Nano are 39,646 nos., lower by 3% compared to 40,976 nos., till November last year. Cumulative sales of the Indica range are 63,021 nos., lower by 2%. Cumulative sales of the Indigo family are 44,683 nos., lower by 23%. Cumulative sales of the Sumo/Safari/ Aria range are 30,959 nos., higher by 21%.
Exports
The company's sales from exports at 4,349 vehicles in November 2011 are higher by 3% compared to 4,203 vehicles in November last year. The cumulative sales from exports for the fiscal at 39,598 nos., are higher by 7% over 36,851 nos., in the same period last year.--On Sat, Nov 26, 2011 at 1:01 PM, RAJESH DESAI <stock...@gmail.com> wrote:
REPORT ATC.
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CA. Rajesh Desai
CA. Rajesh Desai
CA. Rajesh Desai
RAJESH DESAI
Tata Motors slides as ADR slumps
Tata Motors slides after the company's American depository receipt, or ADR slumped 6.98% to settle at $16.78 on the New York Stock Exchange on Monday, 12 December 2011.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors Group global wholesales at 108,028 vehicles in November 2011
The Tata Motors Group global wholesales, including Jaguar Land Rover, were 108,028 nos., in November 2011, higher by 35% over November 2010. Cumulative sales for the fiscal are 750,457 higher by 10% compared to the corresponding period in 2010-11.
Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 49,724 nos. in November 2011, a growth of 24%. Cumulative sales for the fiscal are 371,410 nos., a growth of 18%.
Global sales of all passenger vehicles were at 58,304 nos. in November 2011, higher by 47%. Cumulative sales for the fiscal are 379,047 nos., higher by 4%.
Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were at 29,121 nos., for the month, higher by 74% over November 2010. Cumulative sales for the fiscal are at 193,616 nos., lower by 8%.
Global sales of Jaguar Land Rover in November 2011 were at 29,183 vehicles, higher by 27% over November 2010. Jaguar sales for the month were 5,315 nos., lower by 5%, while Land Rover sales were 23,868 nos., higher by 38%. Cumulative sales of Jaguar Land Rover for the fiscal are 185,431 nos., higher by 19%. Cumulative sales of Jaguar are 35,195 nos., lower by 9%, while cumulative sales of Land Rover are 150,236 nos., higher by 28%.
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CA. Rajesh Desai
RAJESH DESAI
JLR robust volume continues in November 2011
Tata Motors JLR sales (wholesale) in November 2011 was up 27% yoy (12% mom) at 29,183 units, led by Land Rover sales, up 38% yoy (14% mom) at 23,868 units and Jaguar sales of 5,315 units, down 5% yoy but up 2% mom.
After two consecutive months of positive yoy sales growth, Jaguar sales declined 5% in November 2011. Land Rover sales were supported by newly launched Evoque. We expect December 2011 to continue upward trend due to successful launch of new models like Evoque and Defender.
JLR reported 19% yoy growth at 185,431 units for 8MFY12 – while sales of Jaguar declined 9% yoy to 35,195 units, those of LandRover increased 28% yoy to 150,236 units. To achieve our forecast for JLR of 275,393 units (up 14%) for FY12, the company needs monthly run rate of 22,321 units for rest of FY12, which we believe is achievable given successful launch of Evoque and rising sales from emerging markets. We also maintain volume forecast for FY13 at 297,425 units (up 8%).
Regards,
BRICS Research
CA. Rajesh Desai
RAJESH DESAI
DBI Capital has reiterated `Buy` on Tata Motors with a price target of Rs 204 in its report dated Dec 12, 2011. The broking house gave the following rationale:
> JLR posted strong volumes for November 11, higher than estimates, up 27.1%/11.6% YoY/MoM to 29,183 units (IDBIest 26,000 units).
> Jaguar volumes were down 5.4%/up 1.6% YoY/MoM, to 5,315 units, led by rollout of 2.2 ltr XF in US and Europe and XJL in China. New XF has picked up well, though it is too early to infer any sort of trend in monthly run-rate.
> LR volumes continued to remain strong, up 37.7%/14.1% YoY/MoM to 23,868 units, led by Evoque rollout in US and Europe.
> Similar trend was visible even in volumes of BMW, Mercedes and Audi, with YoY growth ranging from 8-28%.
> In case of BMW, Germany grew by 2.8%, US and Brazil were up 14.8% and 49.0%, while India and Russia grew by 62.6% and 38.8% respectively. Korea and Turkey also registered a healthy growth of 44.0% and 59.7%.
> For Mercedes, Western Europe was down 9.7%, Asia Pacific was up 20.1%, while US was up 47.2%. Japan and China registered a growth of 30.8% and 24.1% respectively.
> For Audi, China was up 68.8% while US and Japan were up 3.6% and 25.9 % respectively. India and Brazil witnessed strong growth of 66.0% and 110.7% while Europe was up 17.8%.
> TTMT management has not seen any signs of slowdown in its fast growing markets like China, Russia, Brazil, Middle East, etc., led by growing aspirations of owning a European car, strong brand pull and relatively immune premium segment. Even US has been holding up well (largely led by restructuring of dealership network and appointing new Head of Sales earlier this fiscal).
> Though impact of slowdown is visible in Europe incl. UK, some improvement is seen led by new launches. Going ahead, the management expects growth to continue, led by China and other emerging markets, while US will remain steady and Europe will be weak. In addition, Evoque and new XF have also started dispatches to China and will gradually be rolled out to other markets, which should aid sustainability in volumes.
> Management expects 300,000 units of volumes for FY12 to be achievable; though it has categorically stated that this is not their guidance but what they feel they have the manned capacity for. (IDBIest 2,85,000 - implying a residual monthly run-rate of 25,000).
Reiterate BUY with price target of Rs 204 (core business-Rs 59; JLR-Rs 130 and subsidiaries-Rs 15).
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors launches Tata Divo Luxury Coach and Tata Starbus Ultra
Tata Motors today launched the Tata Divo, a luxurious long distance inter-city travel bus and the Tata Starbus Ultra, a modern and practical offering for commuting within the city.
Commenting on the launches, Mr. Ravi Pisharody, President - Commercial Vehicles Business Unit, Tata Motors, said, "Tata Motors has always been at the forefront in revolutionizing passenger transportation in the commercial vehicle segment. With the introduction of the Tata Divo and the Tata Starbus Ultra the company will more comprehensively address the burgeoning need of public transportation. These two buses are sure to migrate the world of passenger transportation to a completely new level of class and technology coupled with comfort and convenience.
Tata Divo Luxury Coach - arrive energized
The brand new luxury AC Coach is meant for inter-city passenger transportation and tourist operations. The Tata Divo body design comes from Hispano Carrocera of Spain, a fully owned subsidiary of Tata Motors, providing a truly international standard ride to the long distance traveler.
The sleek body and the luxurious interiors are a treat to the eye. Tata Divo offers customised interior features such as different seating layouts in semi-sleeper and seater configurations, wide seats with upto 135 degree recline with head flaps and armrests, generous saloon space with high roof, hat-racks with personalised controls for AC and reading lights, large luggage space, making it the ultimate luxurious coach. In addition, an entertainment system with DVD player and 2 LCD screens, on board refrigerator, mobile charging points, destination board, public address system, enhance the travel experience.
The BS III compliant, Tata Divo's drive-train is engineered by 285 HP powerful Cummins engine, a break-through in terms of technology and reliability. Mated with a 6-speed overdrive gearbox for higher fuel efficiency, larger 430 mm diameter clutch for enhanced life, exceptional braking performance with a hydrodynamic retarder, and a superior independent front axle for better maneuverability. All this translates into superior performance.
Driver comfort has been taken to the next level as the bus has a pneumatically suspended seat for more comfort, electronic accelerator pedal and precision gear shifting for minimizing driver fatigue, and a new aesthetic dashboard and instrument cluster with on-board diagnostics.
Tata Divo not only stands for world class design, assured reliability and superior performance, but also spells high on safety. The hydrodynamic retarder ensures better safety and the exceptional aerodynamic drag coefficient increases vehicle stability.
Customers can personalise the Tata Divo by choosing a preferred colour scheme and styling options. The range will be available across all dealerships from January 2012 onwards.
The Tata Divo (BS III version) price range starts from Rs. 66 lakhs, ex-showroom New Delhi.
Tata Starbus Ultra - Go beyond your world
Tata Starbus Ultra opens up a whole new world of comfort and luxury for office-goers, hotel guests, tourists and school children. Meant primarily for intra-city transport, the luxury variant can also be used for inter-city travel.
The Tata Starbus Ultra is available in Luxury, Standard, School and Deluxe variants. These are available in different seating configurations (22 - 46 seater), on different wheelbases, thereby providing the customer with a whole range to select from.
The Tata Starbus Ultra has an outstanding aerodynamic body design and aggregates which conform to the Bus Body Code. The Tata Starbus Ultra is the first bus in its category with the front door ahead of the front axle, resulting in more seats for the same length of bus and subsequently better returns for the operator. The advanced parabolic suspension, wider aisle width and super comfortable seating ensure that commuters have smooth and peaceful ride.
The Tata Starbus Ultra is designed using the reliable Tata 497 engine along with a viscous fan (used for the first time in this class of buses), resulting in higher fuel efficiency and lowest NVH levels in its category. The 6-speed gearbox with overdrive and cable shift mechanism ensures higher mileage, more speed selection options and a higher maximum speed, while also providing 30% more life. The high strength chassis and stronger rear axle enhance the life of the vehicle, while the wider tubeless radial tyres give a longer running life. The service interval has also been doubled for more on road availability and to significantly reduce maintenance costs for the operators.
The wider track axle and lowest in class turning circle diameter help in vehicle stability and maneuverability for the driver. Tiltable and telescopic steering with a high capacity power steering pump, dashboard mounted gear lever with car-like gear shifting leaves reduces driver fatigue.
The luxury variant comes with engine-driven individual AC vents, for each passenger. The modular hat-rack is integrated with AC vents and reading lamps. Push-back seats with upto 135 degree recline with arm-rests and footrests make the travel heavenly. The Deluxe variant has hi-back reclining seats for extra comfort. Rear and side luggage booths give ample space for storage. LCD screen fitment and CD / DVD player provision on request completes the delightful experience. The School variant is equipped with 25 safety features along with all the comfort features for children.
Thus, the Tata Starbus Ultra stands for comfort, space, style and performance with superior economics. The range is available across all Tata Motors Authorised dealerships.
The Tata Starbus Ultra (BS III version) price range starts from Rs.15 lakhs, ex-showroom New Delhi.
CA. Rajesh Desai
RAJESH DESAI
Tata Motors upgrading old Nanos with new starter motor
Tata Motors is upgrading old Tata Nanos, produced up to mid-September 2011, with a new starter motor to enhance their performance. This is in line with the company's practice of upgrading its vehicles; on the Nano itself, the company had upgraded the exhaust and the electrical system in November 2010, as was announced then.
The installation of the new starter motor, which is a vendor supplied part, began in October this year. Owners of all old Nanos were informed about the exercise, and about 50,000 cars have already been done. There are about 65,000 owners who are yet to visit their dealerships and the company is in continuous contact with them.
This new starter motor is already installed in the Nano 2012, which was introduced in November this year with a host of new features, of new colours, new interiors, best-in-class AC, a more powerful gasoline engine and even greater fuel efficiency of 25.4 kmpl, further improving on its record as India's most fuel efficient petrol car - all at the same price as before.
Making the Tata Nano even more desirable, the car's 624cc engine has been made more powerful delivering an impressive 38PS of power (earlier 35 PS) and 51Nm of torque (earlier 48 Nm). Yet fuel efficiency, already a high point with Tata Nano owners, has been taken to a new high of 25.4 kmpl (earlier 23.6 kmpl). The ride and handling, also already highly appreciated by existing owners, now has become even better with a revised suspension set-up, including an anti-roll bar at the front, and a steering mechanism made even easier. The interiors are completely new with enhanced premiumness in look and feel - luxurious beige in the Nano LX, rich black in the Nano CX and stunning medium graphite in the Standard version. The exteriors are now a veritable vibgyor of 10 colours, eight of them new. All the variants come with an unmatched warranty of 4 years or 60,000 kms, whichever is earlier.
Tata Motors' customer satisfaction studies with Nano owners indicate that over 90% are delighted with the car, because of it being small yet spacious, its performance, maneuverability, durability, mileage, safety etc. The surveys also demonstrate that the owners deeply treasure their Nanos, resulting in spontaneous suggestions of improvements. Several new features in the Nano 2012 are such insights from the owners.
Tata Motors will continue to add new features to the Nano, even as marketing initiatives, expansion of distribution network and good customer response to the Nano is resulting in a progressive increase in the car's sales.
Dena Bank signed an MoU with Tata Motors on December 21, 2011 for financing commercial vehicles in India manufactured by Tata Motors.
Dena Bank will provide loan up to 85% (on road) to eligible borrowers on merits for purchase of commercial vehicles manufactured by TATA Motors for a maximum tenure of 7 Years, at a very attractive rate of interest.
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CA. Rajesh Desai
RAJESH DESAI
Cumulative sales (including exports) for the company for the fiscal are 626,770 nos., a growth of 11% over 567,004 nos., sold last year.
Commercial Vehicle
The company's sales of commercial vehicles in December 2011 in the domestic market were 47,747 nos., a 14% growth, compared to 41,986 vehicles, sold in December last year. LCV sales were 29,500 nos., a growth of 20%, compared to 24,558 vehicles sold in December, last year. M&HCV sales stood at 18,247 nos., a growth of 5%, compared to 17,428 vehicles sold in December, last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 374,332 nos., a growth of 19% over last year. Cumulative LCV sales are 226,965 nos., a growth of 25% over last year, while M&HCV sales stood at 147,367 nos., a growth of 9% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and distribution offtake of 29,417 nos. (28,916 Tata + 501 Fiat) in the domestic market in December 2011, higher by 47% compared to 19,973 nos. (19,699 Tata + 274 Fiat) in December last year. Sales of Tata passenger vehicles for December 2011 are at 28,916 nos., a growth of 47% over 19,699 nos., sold in December last year. Sales of the Tata Nano were 7,466 nos., higher by 29%, compared to 5,784 nos., sold in December, last year. The Indica range sales were 9,307 nos., higher by 57%, over 5,923 nos., sold in December, last year. The Indigo range recorded sales of 6,888 nos., higher by 32%, over 5,233 nos., sold in December, last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 5,255 nos., a growth of 90%, over 2,759 nos., sold in December, last year.
Jaguar Land Rover sales in India continued their upward trend.
Exports
The company's sales from exports at 5,615 vehicles in December 2011 are lower by 3% compared to 5,809 vehicles in December last year. The cumulative sales from exports for the fiscal at 45,213 nos. are higher by 6% over 42,660 nos., in the same period last year.
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CA. Rajesh Desai
RAJESH DESAI
India is a great SUV market says Land Rover
Land Rover is thinking small to conquer the Indian market. Speaking to CNBC-TV18's Swati Khandelwal Jain, John Edwards, global brand director, Land Rover said, the sport-utility vehicle (SUV) maker is looking at smaller, lighter vehicles like the new Evoque to grab a bigger share of the lucrative Indian market.
Edwards sees India as a great SUV market. "We think the SUV market is forecast to grow globally. Its certainly going to grow here in India as is the premium market," he added.
Below is the edited transcript of the interview.
Q: What is your view on the SUV market?
A: We see great potential and we have great optimism. We think the SUV market is forecast to grow globally. Its certainly going to grow here in India as is the premium market. We think that we have a product range and a heritage which is well placed to exploit that growth. So, we are ambitious, optimistic and we are not complacent, but we think there is great opportunity to grow.
Q: You were talking about the innovation, downsizing, smaller cars, etc, so in which direction are we seeing Land Rover products coming along?
A: We are still in the process of launching the Range Rover Evoque globally. The Range Rover Evoque is all about downsizing, more fuel efficiency and light weight. The light weight technology is going to play much greater part in our future as we move forward. So, light weight aluminum is going to be a bigger part of our business as we move forward.
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CA. Rajesh Desai
RAJESH DESAI
- Tata Safari Storme, the new generation Safari
- Tata Ultra, the new LCV & ICV range
- Tata LPT 3723, India's first 5-axle rigid truck
Also demonstrates alternate fuel technology capability concepts:
- Tata Nano CNG
- Tata Indigo Manza diesel-electric hybrid
- Tata Starbus Fuel Cell (hydrogen)
Tata Motors today unveiled at the New Delhi Auto Expo 2012 the Tata Safari Storme, the new generation Safari SUV, the Tata Ultra, the company's new LCV & ICV range, and the Tata LPT 3723, India's first 5-axle rigid truck. They will be commercially launched in the next financial year.
The company also showcased its alternate fuel technology capability by displaying four concepts - the Tata Nano CNG, the Tata Indigo Manza diesel-electric hybrid car, the Tata Starbus Fuel Cell (hydrogen) and the Tata Magic Iris CNG. The Tata Motors portfolio already includes a full electric vehicle, the Tata Indica Vista Electric Vehicle, and CNG-electric hybrid buses.
Speaking on the occasion, Mr. P.M. Telang, Managing Director - India Operations, said, "With the Safari Storme, the iconic Safari becomes a contemporary SUV suited to the desires of today's SUV lovers. The Ultra range and the LPT 3723 will create new segments and generate higher incomes for their owners. As importantly, we are displaying our progress with alternate fuel technologies towards a more comprehensive portfolio for the future."
The new generation Tata Safari Storme is an epitome of style and performance, true to its 4WD pedigree, with a host of technologies and new exteriors and interiors. In the front are a new grill, new projector headlamps and a 'power bulge' on the bonnet. New chrome-tipped twin exhausts, the tailgate in an all-new guise and aerodynamic spoilers distinguish the rear, with the spare tyre placed under the vehicle. Freshly designed roof-rails, ergonomical side footsteps and cladding mark the side view, completing a sportier and muscular look with a hint of the Safari Storme's adventurous character
Luxurious beige seats matched with a leather-wrapped steering wheel, chrome highlighted gear knob, wood-accented dashboard and door trims, a new instrument cluster, chrome-lined speaker grills and inside door handles endow the interiors with opulence. The front seats with fore and aft adjustment and lumbar support make long drives a cruise, while the dual AC with separate integrated roof-mounted blower keeps the entire cabin ambient.
The force of the Safari Storme is in its 2.2L 16-valve common rail (DiCOR) engine (140 PS power; 320 Nm torque) with a variable geometry turbo, mated with a 5-speed manual transmission. Electronic shift-on-the-fly (ESOF) enables shifting from 2WD to 4WD even on the move. Best-in-class turning circle radius of 5.4 metres, 200 mm ground clearance, electrically operated ORVMs and a reverse parking system makes driving convenient on any terrain. For safety, there are 4-channel ABS with EBD, disc brakes on all wheels, a new rack-and-pinion steering system, rigid ladder frame construction with hydro-formed long members, crumple zones, side intrusion beams on all doors, collapsible steering column, dual SRS airbags, inertia switch and an auto engine immobiliser.
The Tata Ultra LCV & ICV range will comprise a series of variants from 5 to 14 tonnes. The range will be powered by new generation 3L (138 HP) and 5L (168 HP) common rail (DiCOR) 16-valve engines, offering higher aggregate life, longer service intervals and low NVH.
The sleek and elegant walk-through steel cabin, a dash-mounted cable shift gear and hydraulic cabin tilt mechanism make the driver at home. Ergonomically designed mechanically suspended seats with integral headrest, power steering, which is tiltable, telescopic and collapsible, and clear-lens headlamps will make long drives stress-free in all weather conditions. The instrument cluster -- showing live and trip mileage, clutch and brake wear indicator, seat and door ajar warning, water-in-fuel indicator, economy assistance -- permits continuous vehicle monitoring in drive.
The Ultra's high strength Domex 650 steel rolled chassis frame with high tensile strength and straight long member construction allows the platform the flexibility of multiple wheel bases at multiple payload points. Radial tyres, parabolic leaf springs, tuned shock absorbers and, for the first time in the category, disc brakes ensure safe transit of goods.
The Tata LPT 3723 is India's first 5-axle rigid truck. With a payload of 25 tonnes (ideal for cement and steel movement), it will radically change transportation economics by reducing he cost/tonne-km.
It is powered by a Cummins 6BT 5.9L engine (154 kW power at 2500 rpm) and mated with a 9-speed gearbox, the first in a rigid truck in India. Twin steerable front axles, a twin-drive axle and a tag-lift axle, the only truck to have such a technology, reduces tyre and fuel costs. The turning circle diameter of 21.9 metres makes it more manoeuverable than a tractor-trailer. The air-conditioned cabin, ergonomic dashboard and instrument cluster and stylish interior trims give drivers the comfort to cover longer distances at a stretch.
The Tata Starbus Fuel Cell Concept is another path-breaking Tata Motors initiative on alternate fuels. It has been developed with support from the Government of India's Department of Scientific and Industrial Research under the Technology Development & Demonstration Programme.
In fuel cell technology, hydrogen is stored in compressed form. It combines with oxygen to generate electricity which in turn charges a battery to power the vehicle's motor, emitting only water vapour. This mechanism involves a fuel cell with gross peak power of 114 HP, coupled with a motor with the peak power output of 250 HP with motor speed from 600 rpm to 2100 rpm and torque of 1050 Nm at 800 rpm. The maximum speed of the bus is 70 kmph and gradeability is 17%, which is very suitable for city application.
The Tata Paradiso G7 Multi-axle Coach, jointly developed by Tata Motors and Tata Marcopolo Motors Limited on the Tata LPO2138 rear engine platform with world class aggregates and Marcopolo's internationally acclaimed body design, will set a new benchmark in India's luxury inter-city travel segment with an experience hitherto not seen in the country. The bus comes loaded with features like separate deluxe and luxury seating areas. The interiors have been accentuated by ergonomically designed wide recliner seats and individual AC louvres, while LED lights offer optimum illumination. Optional features include sleeping and semi-sleeping seats, on-board refrigerator, HVAC with demister, mobile charging points. Individual ear-phones and speakers with volume control for every passenger and 4 LCD screens offer superior quality entertainment.
Tata Motors' displays also include, in passenger vehicles, a Tata Nano concept, the Tata Pixel concept, the Tata Indica Vista Concept S2, the Tata Manza Nova concept, the Tata Aria - AT concept, the Tata Sumo Gold and the Tata Xenon concept. Other commercial vehicles displayed are the Tata Prima 7548.S - Concept, the Tata Prima 3138.K AT, the Tata Venture Ambulance, the Tata Ace Refresh and the Tata Super Ace (Left Hand Drive).
About Tata Motors
Tata Motors is India's largest automobile company, with consolidated
revenues of Rs.1,23,133 crores ($ 27 billion) in 2010-11. Through
subsidiaries and associate companies, Tata Motors has operations in the
UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar
Land Rover, the business comprising the two iconic British brands. It
also distributes Fiat cars in India, and has an industrial joint venture
with Fiat in India. With over 6.5 million Tata vehicles plying in
India, Tata Motors is the country's market leader in commercial vehicles
and among the top three in passenger vehicles. It is also the world's
fourth largest truck manufacturer and the third largest bus
manufacturer. Tata cars, buses and trucks are being marketed in several
countries in Europe, Africa, the Middle East, South Asia, South East
Asia and South America. (www.tatamotors.com)
Tata Motors showcases the breadth of its technology capability with a range of passenger and commercial vehicles at the Auto Expo 2012
Tata Motors has displayed a wide range new generation passenger and commercial vehicles and concepts at the New Delhi Auto Expo 2012. The company unveiled the Tata Safari Storme, the Tata Ultra 714 and 1017 LCV and ICV and the Tata LPT 3723 5-axle rigid truck today.
The new-generation Tata Safari Storme makes a bold statement with its refined exteriors. The vehicle exteriors have been stylised with new front grill, side cladding, new projector headlamps and all new rear looks. The bonnet now boasts a 'power bulge' which gives the Storme a sportier look. The aerodynamically designed spoilers, new pull-type door handles and ergonomically designed side foot-steps ensure easy ingress and egress. The tailgate trim comes in an all-new guise with an ergonomically designed grab handle and the spare tyre is now located underneath the vehicle. The new chrome-tipped twin exhausts add to the sporty demeanour of the vehicle and the newly designed roof-rails add to the muscular look of the vehicle, with just that hint of its adventurous nature.
The luxurious and airy beige interiors, give the vehicle a spacious and opulent feel. There is ample leg space and headroom to accommodate the family and plenty of luggage space. The tilt-adjust (collapsible steering column), reclining front bucket seats with fore and aft adjustment position and lumbar support ensure fatigue free long drives. The integrated 12V-gadget charging points are available on first, second and third row seats. The new vehicle is designed keeping in mind the multiple storage requirements of customers. The vehicle is equipped with dual-AC with a separate integrated roof mounted blower for rear passengers. The leather wrapped steering wheel, an ergonomically shaped gear knob with chrome highlights, engaging wooden accents on the dashboard and door trims, a new instrument cluster, chrome-lined speaker grills and inside door handles, all go a long way in enhancing the interior's looks and making it feel luxurious.
Powered by a 2.2L,16Valve, DiCOR engine with a Variable Geometry Turbo, the Tata Safari Storme makes a potent 140ps of power and 320nm of torque. The engine is mated to a smooth-shifting 5-speed manual transmission (G-76 MarkII). For those adventure seekers who prefer to make their own road, the Tata Safari Storme has a generous 200mm of ground clearance and offers the convenience of electronic shift-on-the-fly (ESOF)- for those sticky off-road conditions. (ESOF enables switching from 2WD to 4WD even while the vehicle is on the move.)
The best-in-class turning circle radius of 5.4 metres, makes driving and manoeuvring in tight confines, much easier in the new Safari. The new rack & pinion steering system also offers excellent feel and accuracy, making for a more engaging and confident driving experience. Reverse parking system with audible and graphical representation on the IRVM (antiglare), electrically operated powerfold ORVM with turn signal enhance the driving experience. The Tata Safari Storme comes with host of safety features. The rigid ladder frame construction with hydro-formed long members has improved the structural strength of the vehicle. Crumple zone absorbs the impact of frontal collision and keeps the passenger cabin safe. Side intrusion beams on all four doors protects passengers from a side impact and the collapsible steering column reduces the severity of the impact transmitted to the cabin, especially to the driver. Dual SRS Airbags, will keep customers safe in the unfortunate event of a head-on collision.
The new Tata Safari Storme comes with disc brakes on all four wheels and has 4 channel ABS with EBD, which helps in keeping the vehicle under control, during emergency braking conditions. In addition, the vehicle has been designed with advanced safety features like the Inertia Switch and an auto engine immobiliser. In an event of a crash, the Inertia Switch automatically cuts off the fuel supply to the engine and unlocks all the doors and also switches on the hazard warning light to warn other road users.
All in all, the new Tata Safari Storme is an epitome of space, style and performance. The Tata Safari Storme range will be launched in the next financial year.
The Tata Ultra range of LCV and ICV trucks powered by an all new advanced DICOR 3 & 5 litre,16 valve engine with higher aggregate life, longer service intervals and low NVH levels, delivers an efficient and smooth ride. Radial tyres, parabolic leaf springs and tuned shock absorbers add to the comfort of the driver and ensure safe transit of goods. High Strength Domex 650 Steel rolled chassis frame with high tensile strength and straight long member construction gives flexibility of multiple wheel base at multiple payload points.
The all new elegant sleek look, walk through steel cabin with a dash mounted cable shift gear, hydraulic cabin tilt mechanism ensures the driver feels at home. Ergonomically designed mechanically suspended seats with integral head rest, tiltable, telescopic and collapsible power steering gives him the best of driving experience and stress free long rides. The Tata Ultra sports a new generation instrument cluster which displays live and trip fuel mileage, and offers clutch and brake wear indicators, seat and door ajar warnings, water in fuel indicator, neutral position, economy assistance, single key operation and host of other delighters. Disc brakes for the first time in this category ensure effective braking at high speeds and loads. New stylized clear lens head lamps and LED tail lamps make the vehicle ideal for all-weather night driving.
The Tata Ultra range offers future ready LCV & ICV trucks, ranging from 5 tonne to 14 tonne GVW. Thus, making them business assets that will give the customers a competitive edge always.
On display are the Tata Ultra 714 LCV truck and Tata Ultra1017 ICV truck.
Tata Ultra 714 truck: Powered by a DICOR 3L engine, the Tata Ultra 714 truck delivers 138 HP and torque of 360 Nm. The truck comes loaded with features like a roof hatch, 12V utility socket, music system, digital clock, cab tilt lock indicator, low fuel level indicator lamp, brake lining wear indicator, air filter service electrical indicator, water in fuel indicator, door ajar lamp and leather finish dashboard.
Tata Ultra 1017 truck: The Tata Ultra 1017 truck comes with a DICOR 5L engine, delivers 168 HP and a torque of 590 Nm. The truck offers HVAC, cruise control, ABS, suspended driver seat, 12V utility socket, music system, power window, electrical mirror, centralised locking, Tachograph Telematics (GPS), digital clock, cab tilt lock indicator, low fuel level indicator lamp, brake lining wear indicator, door ajar indicator, air filter service electrical Indicator, water in fuel indicator, alloy wheels, low washer fluid indicator and leather finish dashboard.
The Tata LPT 3723 is the first 5 axle rigid truck in the country and will be the next big game changer in the Indian commercial vehicle industry. This truck can carry 4 tonnes more than the existing 31 tonne MAV segment. As a result, it is all set to radically change the economics of transportation in multiple segments by reducing the cost per Tonne-Km of transportation. The increased payload will make this vehicle ideal for the movement of goods like cement and steel coils. This will translate into better returns for transporters and could potentially drive down the transportation costs of core goods such as steel and cement.
Powered by the Cummins 6BT 5.9L engine, with a maximum power of 154 kW at 2500 rpm, this 10X4 rigid truck has twin steerable front axles, a twin drive axle and a tag-lift axle at the rear. This is the only truck in the industry today to have this technology which helps transporters reduce tyre and fuel costs. This is also the first rigid truck in India with a 9 speed gearbox. With a GVW of 37 Tonnes, this vehicle has an increased payload of 25 tonnes. The Tata LPT 3723 comes with 10R20 - 16 PR (Rims 7.50X20.00) tyres and a minimum turning circle diameter of 21.9 m making it easily manoeuvrable as compared to tractor trailers.
The Tata LPT 3723 has a new-look cabin with stylized headlamps, new bumper, air deflectors at the sides and other features which lend it a refreshing external appearance. The cabin interior features include a HVAC system, music system, mobile charger, a restyled dashboard with provision for a Telematics unit, fully electronic instrument cluster, a smaller ergonomic 470 mm diameter soft touch steering wheel and improved interior trims as compared to conventional cabins. Designed to take drivers to the next level of ride quality and comfort, these features will play a major role in helping drivers increase the distance covered every day.
Other passenger vehicles on display:
Tata Nano Concept: Demonstrating the Nano's adaptability to customer desired look and driving experience is a prototype, the Damson Purple Nano LX on display. It comes with a host of features like new exhaust chrome tip, chrome strip on the hood and on the tail gate, and a modified rear bumper, on the exteriors. The interiors have also been refined with 360 mm steering wheel, new doorpads, stylised front and rear seats with seat tray, parcel shelf with speakers and glove box for driver and co-driver, new hazard warning switch on centre facia. The car comes with an engine start-stop system that significantly reduces fuel consumption and CO2 emissions in traffic conditions.
Tata Nano CNG Concept: The CNG powered Tata Nano showcases Tata Motors' capability to develop all kinds of vehicles for CNG applications. World class CNG kit components have been used for the robust and reliable Tata Nano. The sequential gas injection system has been thoroughly calibrated with the EMS system for smart switching between CNG and gasoline fuel systems. The car comes with software with safety strategies like automatic cut-off CNG supply even in the case of diminutive leakages and automatic fuel quality checks. The car has a rich-looking console with new window winding switch positions and ergonomically well designed gear-shifting mechanism. The CNG fuel system has been intelligently packaged in order to not disturb the existing luggage space. The Tata Nano CNG comes with a touring range of more than 150 km in addition to the existing touring range (375 km) of the Nano 2012, improved emissions with low CO2, best-in-class fuel economy, resulting in low running cost.
Tata Pixel Concept: Showcased at the 81st Geneva Motor Show in March 2011, the Tata Pixel, a new city car concept for Europe with 'Zero Turn' drive and an innovative diamond-shaped door system, is on display at the Auto Expo 2012. Based on the Tata Nano, the Pixel - at just over three metres in length - is the most package-efficient 4-seater in the world, comfortably accommodating four adults, unlike a typical city car which is either a two-seater or can accommodate two adults and two children only.
The Tata Pixel's ability to manoeuvre and park in the tightest of spaces is made possible by its Zero Turn toroidal traction-drive Infinitely Variable Transmission (IVT). This highly efficient, cost-effective system assists rotation of the outer rear wheel forwards and the inner rear wheel backwards during low-speed manoeuvres, while the front wheels turn at acute angles. The result is a turning circle radius of just 2.6 metres. The 'scissor' doors rotate upwards from the front to allow all four passengers to effortlessly enter or exit the Tata Pixel, even in the tightest of spaces, while the doors' large glass area provides excellent visibility. A forward sweeping roofline, with minimal front and rear overhangs, accentuates the youthful styling, while the window graphic features an interchangeable island that can be used to change the exterior appearance whenever desired.
The Tata Pixel also introduces 'My Tata Connect' -- the first integrated human-machine interface (HMI) concept from Tata Motors for its new generation programmes. 'My Tata Connect' enables seamless integration of the user's smartphone or tablet with the vehicle's infotainment system and also allows controlling key functions of the car. This provides a customised, user friendly, all-in-one touch screen display, while also allowing the driver to remain seamlessly connected to the external world. In addition to serving as the infotainment display when docked in the instrument panel, the tablet also allows temperature, ventilation and air-conditioning settings to be adjusted through its touch screen, as well as displaying information on the vehicle's performance.
A 1.2 litre three-cylinder turbocharged diesel engine, positioned at the rear of the Tata Pixel, gives lively performance.
The engine is a low-friction design, featuring variable coolant and oil pump and rapid warm-up technologies. With optimised aerodynamic drag, low rolling-resistance tyres, stop-start technology, and intelligent battery charging, the Tata Pixel returns European combined cycle (NEDC) fuel economy of 3.4 l/100km and CO2 emissions of just 89g/km.
Tata Indica Vista Concept S2: The Tata Indica Vista Concept S2 is the second and an advanced version of the Indica Vista Sport, showcased at the last Auto Expo, in 2010. The Indica Vista Concept S2 has a wider and wedge-like stance and the design features a central volume that is encased by two arrow like flanks giving the car a sense of direction. This is further emphasised by the two tone paint scheme - a matte metallic dark shadow and bright silver. The graphics also accentuate its wedge-like profile with the slashes and lines encasing triangular shapes giving it an edgy and razor sharp persona. The subtle aluminium accents connote a sense of precision and performance that is machine like, while the red accents give it a sporty flair. The headlamps feature a metallic brow on the top intended to give it a more purposeful demeanour. The lower grille is surrounded by a polished black lip and is flanked by signature LED day time running lamps. The swoopy side sills adds to the dynamism and makes the car look fast, even when standstill. At the rear, the spoiler and the subtly restyled bumper give the car a nice squat stance and the stylized LED tail lamp cluster make the rear end look racy.
On the insides, sporty race bucket seats clad in black leather show that the Vista Concept S2 is serious business. The smaller diameter sporty steering wheel and shifter scream performance. The black themed interior is subtle but has the right elements to make it seriously sporty. The entire approach of the colour and trim treatment, both on the inside and outside, was to give it a race-bred version look.
With a turbo-charged 1.4L Tata petrol engine, the Indica Vista Concept S2 puts out a phenomenal 140ps @ 6000rpm and a healthy 188Nm of torque at 3500rpm. Mated to a 5-speed Fiat C510 manual gearbox with revised gear ratios, the S2 is certainly no slouch and it stops as fast as it goes, due to meaty disc brakes all around. This concept is an excellent handler - thanks to the quick & precise steering rack, the retuned and beefed up suspension and wide 205/40 R17 tyres shod on lightweight 17" alloy wheels.
Tata Indigo Manza Hybrid Concept: The Tata Indigo Manza Hybrid Concept is a fusion of technology and luxury whilst having an extremely small carbon footprint thanks to its efficient hybrid architecture. Powered by a Hybrid 1.05Litre DiCOR engine and potent electric motors, the Indigo Manza Hybrid is an efficient yet powerful sedan with a focus on drivability and very usable performance in the real world, due to its nature of being both a Series and a Parallel Hybrid. The vehicle is designed to deliver excellent performance with less than 90gms/km CO2 emission in city traffic conditions with technologies like high speed cranking, regenerative braking, auto start/stop, series hybrid mode and limited range pure electric operation. On the highway, the vehicle delivers best-in-class acceleration performance in the parallel hybrid mode.
The Indigo Manza Hybrid Concept also has a completely redesigned front and rear which is extremely modern, sporty and yet sophisticated. The bi-xenon and LED headlamp cluster gives the Indigo Manza Hybrid Concept an extremely bold face and the LED tail lights add to the extremely modern and dynamic design of the car. The proximity-touch operated door locks on the car are not only intuitive to use, but also give one a sense of being welcomed into this revolutionary vehicle. The car also features 17" wheels with 205/45 R17 tyres with optimized friction reduction for better roll, thereby increasing efficiency. Apart from regenerative braking, the Indigo Manza Hybrid Concept also recharges its high-capacity Lithium Ion battery pack with the roof mounted solar panel. The car comes equipped with ABS and Airbags as standard, and to make driving in inclement weather safer, the Hybird Concept has a special hydrophobic nano-coating on the windscreen, which assists the conventional windscreen wipers & HVAC demister system, to keep the windscreen clean and reduce the wiper operations.
The refreshed interiors with new centre console and 6-way powered leather front seats, matched door trims, bring in a luxurious element to the Manza. The car is equipped with an electric parking brake, auto transmission, electric-assist power steering and a next-generation Infotainment system with 7-inch touch screen with haptic feedback. This new infotainment package features an intuitive controller on the all-new centre console which helps browse through the navigation, HVAC, audio and hybrid information screens and make adjustments as required in an easy and intuitive fashion. The new steering wheel in the Indigo Manza Hybrid Concept also features controls for the audio/phone system.
In all, the Tata Indigo Manza Hybrid Concept is a true technological tour-de-force which not only keeps its occupants comfortable with its luxurious interiors, but also keeps the impact it has on our environment to a minimum, making it a car that truly does care.
Tata Indigo Manza Nova Concept: In the new Spanish Tan colour, the Indigo Manza Nova redefines luxury and opulence in the segment. It is an amalgamation of technology and finesse. The new sophisticated and stylish alloy wheels add to the elegance of the exterior.
The interiors of the Indigo Manza Nova are sumptuous and inviting. The quilted genuine leather seats cosset and pamper you and the Plum and Black interior scheme makes for an elegant and plush ambiance.
The chrome highlights on the gear knob, parking lever, instrument console and HVAC controls add to the luxury quotient of the Indigo Manza Nova's interior. It comes with a new feature-rich 2 DIN head unit with improved speakers for that crisp and clear sound, to make the most of the new sound-staging virtual surround effects in the new music system.
The car is equipped with a new 'parking assist rear view camera' with the display provided in the inside rear-view mirror (IRVM) with a distance grid, to make it easier to reverse into a tight parking spot. In addition, the 'parking assist buzzer' provides an audible warning whilst parking in reverse so that you're always able to easily judge distance from an object or another car in a parking slot, with both audio and visual parking aids. To add to driver comfort during night-time driving, the new electro-chromatic IRVM has an auto-dimming feature to reduce headlamp glare from vehicles in your rear-view. The Indigo Manza Nova also comes with a perimeter security system with an anti-theft alarm. The Indigo Manza Nova - truly feature packed car with unmatched luxury making it the most desirable choice in its segment.
Tata Aria- AT Concept: Tata Aria invites you to experience its royal interior and vibrant exteriors this Auto Expo. The color play between Sandstone Beige and Rosewood Red is accentuated by a wood finish dashboard center finisher. Captain seats in the rear make the Tata Aria a delightful chauffeur driven experience. The fine quality leather upholstery with signature elements and elegant stitch pattern indulge the passengers in unparalleled luxury and comfort. This theme is echoed by the air vents and door handle decorative strips. Etched patterns on bin covers and the scuff plates add to the sense of celebration. Gold and silver finish inner door handles and roof bin buttons provide a touch of warmth and exclusivity to the luxurious interiors. The new generation steering wheel with modern styling and excellent ergonomics, features integrated controls for infotainment system and cruise control. Harman branded acoustics in the vehicle provide an enriched audio experience when you travel in the Tata Aria. The finely tuned 10-speaker and amplifier combo creates the feel of a concert hall - you enjoy each and every note of music in high definition.
The exterior facade of the Tata Aria has undergone an evolution of sorts multiplying the rugged and functional character with style. The all-new roof rail blends with the elegant swept back profile of the Tata Aria. It extenuates the sporty nature of the vehicle, while providing the option to carry extra luggage. The rear spoiler embodies the dynamic outlook of the Aria. Now step out in style onto the red carpet with the integrated foot steps. The smoked bezel headlamps and the clear lens tail lamps embellish the exteriors.
The Tata Aria offers a 6-speed Automatic Transmission to enhance the driving experience. It features Tiptronic gear selection with sport, economy and cruise driving modes. Torque converter multiplies the low end torque which allows you to drive effortlessly in bumper to bumper traffic at crawling speeds of 6-8 kmph. Driving in city traffic will be very smooth and exciting now.
Tata Sumo Gold: The Tata Sumo Gold has been conceived and designed keeping in mind the needs of the young customer, looking for a stylish, new-age vehicle that is powerful and takes on any terrain with ease. Powered by the all-new CR4 Turbo engine, the vehicle delivers an output of 85Ps @ 3000rpm and a torque of 250Nm @ 1000 to 2000rpm.
The Tata Sumo Gold has an imposing poise, broad stable stance and a visual blitzkrieg of stylish body graphics. A new headlight design works in tandem with a prominent tail lamp cluster, high power forward and rear fog lamps, to light up the path. A renewed front grill, wide rear with a clean back and a spare wheel below the cabin add not only to its dominant presence but also to its functionality. Large 15'/ 16' wheels with wide 215 mm / 185 mm radial tyres and a high ground clearance of 190 mm completes the Tata Sumo Gold's aggressive looks.
The Tata Sumo Gold is as refined on the inside as it is muscular on the outside. A leather wrapped steering wheel, with hydraulic power assistance, puts the driver in absolute control. A stylish centre silver console and a dashboard are thoughtfully located so that reaching out for them is almost instinctive. Plush fabrics add a touch of sophistication, to the spacious interiors, as excellent head, leg and shoulder space makes room for all passengers.
Tata Xenon Concept: The Tata Xenon (Cross Terrain), the lifestyle 4-door, 5-seater pick-up combines stylish on-road presence with an even more accentuated exterior design. The new front grill, edgy wheel-arch flares endow it with a stronger masculinity and a sense of ruggedness, complementing the character of the vehicle. The two front and four topspot lamps depict the off-roading DNA of the Xenon.
The interiors now sport an Ebony Black new dashboard with feel of roomy passenger space. Double Din music system, leather wrapped steering wheel, reclining front bucket seats with fore/aft adjustment position and lumbar support, integrated gadget charging points, SRS Airbags for driver and passenger make the comfortable interiors, accommodating five passengers in two rows, even more enjoyable. In addition, it has an automated manual transmission, reduced turning radius, electrically operated ORVM with turn signal and electrical shift-on-the-fly mechanism. Front crumple zone on chassis frame, side intrusion beams on 4 doors and the collapsible steering column provide all-round protection. ABS with EBD, in the Transponder based 2.2 L 16 Valve DOHC VTT DiCOR engine, enhance the off-roading capability of the vehicle.
Other commercial vehicles on display:
Prima 7548.S - Concept: The Tata Prima LPS 7548.S prime mover on display is a concept for road trains and super-linked trailers. These trucks come with an articulated vehicle configuration, already in use internationally. The road train trailers have more than one trailer towed by the same prime mover. This configuration provides much higher payloads in a single vehicle while conforming to axle load limits. With Cummins ISX 14.9L engine, 18-speed gearbox and twin-disc heavy duty clutch, this prime mover is capable of easily towing up to 50 tonnes of payload. A fleet owner will now require lesser number of vehicles and drivers, for any given project. The truck is ideal for carrying containers, steel coils, cement bags and coal transportation.
With the Tata Prima LPS 7548.S, Tata Motors now has products suitable for this application in international markets. While in India, regulations permit tractor trailers only upto a maximum GCW of 49 tons, a concept like the road train could create a big revolution in terms of improvement in transport efficiencies.
Tata Prima 3138.K AT: The Tata Prima 3138.K is a 4-axle, 31-tonne GVW tipper with Allison automatic transmission. The 8X4 tipper is powered by Cummins ISLe (CRDi) engine, which has maximum power of 370HP. The product features include new generation brakes, ABS and hub reduction axle, specially designed for off-road applications with robust Metalsa chassis frame, heavy duty suspension that can overcome any terrain with its high gradeability. The tipper comes with a robust frame, dual reduction axles and a 19 cum half pipe rock body for better payload and faster tipping time.
The tipper has spacious air-conditioned non-sleeper cabin that includes pneumatic suspended driver seat and adjustable steering wheels for enhanced driver comfort. The driving comfort enables the driver to operate for long hours, thereby offering faster turnaround time. The Tata Prima 3138.K tipper is ideal for carrying overburden in coal, iron, limestone and other applications involved in heavy mining industry as well as similar off-road applications.
Tata Starbus - Fuel Cell (Hydrogen) Concept: To address energy security and environment concerns, the government and the auto industry are trying to find alternate modes for transportation. Tata Motors has always been at the forefront to innovate more environment-friendly and efficient products for public transportation. Tata Motors started its innovation with CNG products, and moved on to series and parallel CNG-electric hybrid buses. At the Auto Expo 2012 the company has showcased yet another creation -- the Tata Starbus - Fuel Cell (Hydrogen) bus.
The Tata Starbus - Fuel Cell is a zero emission transport solution for commuting within the city. This environment-friendly bus is ideal for stop and go applications, and is built on rear module low entry platform, equipped with a ramp facility, pneumatic door operations, and climate control features.
The fuel cell technology makes this bus completely clean and silent bus on-road. Hydrogen is stored in compressed form, which combines with oxygen from the air to generate electricity, and gives water vapour as the only emission. This electricity is used to charge the battery to power the motor of the bus. A number of fuel cells are combined to form a fuel cell stack, which is placed in the rear module of the bus. This mechanism involves a fuel cell with gross peak power of 114 HP, coupled with a motor with the peak power output of 250 HP from 600 rpm to 2100 rpm and torque of 1050 Nm at 800 rpm. The maximum speed of the bus is 70 kmph and gradability is 17%, which is very suitable for city application.
The bus comes with hydraulic power steering, pneumatic suspension and full air dual circuit SCAM brakes with ABS, and radial tubeless tyres. The instrument cluster and cabin controls are of world class design. Quick and effortless acceleration make the driving experience less tiresome for the driver.
Tata Starbus - Fuel Cell has the potential to revolutionise public transportation in India. The efficiency in a fuel cell bus is about 40-60% which is almost 3 times than that of conventional buses. This leads to more than 50% reduction in fuel costs per Km. Since hydrogen is a domestically produced fuel, there will be no dependency on foreign policies and expensive fuels. Fast refueling will also reduce the downtime of the bus.
Thus, the Tata Starbus - Fuel Cell provides a convenient, quiet, completely relaxed and smooth ride.
Tata Paradiso - G7 - Multi Axle Coach: Paradiso - G7 is an internationally acclaimed bus body design concept from Marcopolo S.A., Brazil. The aerodynamic body design expertise of Marcopolo and technological capabilities of Tata Motors have been combined to develop the Tata Paradiso - G7. It is a 14 metre multi axle coach with 21 tonne Gross Vehicle Weight, packed with luxurious features, meant for long distance inter-city travel.
Built on LPO 2138 rear engine multi axle platform with a 370 HP and 1550 Nm torque Cummins ISLe engine, the Tata Paradiso is ideal for long distance travel. It has a ZF 6-speed gearbox with in-built intarder, Electronically Controlled Air suspension (ECAS), large clutch diameter of 430 mm and a large fuel tank capacity of 500L, which can be further extended to 600 L (optional). Tata Paradiso - G7 has a maximum speed of 120 kmph, good gradability of 34%, best-in-class maneuverability and superior fuel efficiency. It comes with world class axles with pneumatic disc brakes and electronic braking system (EBS).
The Tata Paradiso - G7 has been developed to provide an extremely luxurious and comfortable travel experience. The bus comes loaded with features like the full glass partitioned wall, with wider opening, for better comfort & accessibility, separate deluxe and luxury seating areas, luxurious couch in the rear section, with liquid heater and refrigerator, electrical rear view mirrors with demister and blinker. The interiors have been accentuated by ergonomically designed wide recliner seats and individual AC louvers for an ultra comfortable journey, while LED lights offer optimum illumination.
The Tata Paradiso - G7 offers host of optional features like sleeping and semi-sleeping seats, on-board refrigerator, HVAC with demister, entertainment system, mobile charging points, and internal camera with recorder, reversing camera, destination board and GPS. Individual ear-phones and speakers with volume control for every passenger and 4 LCD screens offer superior quality entertainment. Large luggage compartment with easy access enhance the travel experience in the Tata Paradiso.
Tata Magic IRIS CNG: The Tata Magic IRIS CNG is a stylish, environment friendly and comfortable public transport vehicle. It comes equipped with a powerful 611 cc, water- cooled CNG engine generating power of 12.8 HP and 37 Nm torque and mated with a technically advanced transmission system comprising 5 speed gear box. Tata Magic IRIS CNG delivers superior performance with higher power, pickup, mileage and gradeability. The strong and reliable aggregates ensure lower maintenance costs and longer life in all demanding city driving conditions.
This assures the operator of faster travel, more trips and higher earnings. Its lower NVH and adherence to stringent BSIV norms make it a comfortable last mile public transport vehicle and an environmentally ideal choice for Indian cities.
Its high touring range due to bigger gas cylinder coupled with high mileage makes it a more profitable vehicle for operators. It adheres to Tata Motor's special CNG safety standards such as Single Point Gas Injection, Swagelok Joint, Solenoid Valve on ITVR (integrated tank valve & regulator) and comes with stainless steel pipes instead of mild steel pipes, special air venting system arrangement to prevent rusting and gas leakages. The tamper proof ECU electronically limits maximum speed of vehicles as per local city requirements.
The car-like class defining features of the stylish Tata Magic IRIS CNG include all steel fully covered body with hard top, double steel sheet doors, 12" radial tires, ergonomically designed seats with seat belts, digital instrument panel, stylish dashboard mounted gear shift lever, steering wheel, big windshield, side mirrors and glass windows. It is a safe and comfortable vehicle to ride in all weather and road conditions. It comes with flexible seating options suited to meet different needs across states. With its superior features that offer style, comfort, safety and profitability to its owners, Tata Magic IRIS CNG is a best in class vehicle that is all set to revolutionize the way people commute in our cities and become an icon for the last mile public transport vehicle
Tata Venture Ambulance: The Tata Venture Ambulance, on display, is powered by a 1.4 Litre turbo diesel engine, delivering 70 HP, with best-in-class fuel efficiency. It is available in both AC and Non-AC versions. With a minimum turning radius of 4.5 metre, the vehicle offers better maneuverability and zips through in emergency conditions. The monocoque body keeps the NVH (noise, vibration, and harshness) levels low. Front independent suspension, anti-roll bars with hydraulic shock absorbers and radial tyres together ensure a bump-free ride for maximum care, comfort and safety of the patient.
The Tata Venture ambulance comes with features like HVAC, 6 feet long collapsible stretcher, 12 V plug for ECG/medical equipment connection, anti-skid flooring, tubular siren, back cabin tube light, provision for oxygen cylinder, first aid box and washable seats & stretcher.
The Tata Venture Ambulance will be available across Tata Motors dealerships in the first quarter of FY 12-13.
Tata Ace Refresh: Launched in 2005, the Tata Ace was the first commercial vehicle brand to sell 5 lakh units and has till date sold over 7 lakh units. It is the largest selling commercial vehicle brand in the country today.
The Tata Ace is now being introduced in its new avatar which is stylish and offers many comfort features. The Tata Ace Refresh has new stylish headlamps, a new wide grill, body coloured bumpers, ergonomically designed steering, comfortable fabric seats, new aesthetic dashboard and wide ORVMs. To further increase the comfort for the driver, there is a music system and mobile charging point. The Tata Ace Refresh will be available in the HT, EX and CNG variants.
Tata Super Ace - LHD: Tata Motors has displayed the Tata Super Ace - Euro V LHD (Left Hand Drive) version with enhanced safety features, suited to the developed markets. A 1.4L DICOR (Direct Injection Common Rail) engine, coupled with a 5-speed fully synchromesh gearbox is used to power & propel this global variant of the Tata Super Ace. It delivers a peak power of 70 HP @ 4000 rpm and a peak flat torque of 140 NM @ 1400 -2750 rpm . With a full 1 tonne loading capacity, the Tata Super Ace gives its customers the required tool to keep pace with their growing business & delivery needs. The contemporary and distinctive exterior styling and the all steel shell makes an artful combination of style & strength. The interiors have been designed keeping passengers' comfort and convenience in mind. Features such as HVAC (Heating Ventilation & air-conditioning), power windows, power steering, immobilizer, front & rear fog lamps, laminated windscreen, tinted glasses and external power socket enhance driving comfort & convenience. A sliding and reclining driver seat and a tiltable and telescopic steering column will provide convenience and comfort to drivers.
Tata Super Ace comes with safety features such as ABS & airbags to provide maximum safety to the driver and co- passenger. It also meets very stringent crash norms. From hot deserts of Thar to the cold deserts of Gobi & Siberia, the vehicle will come up trumps anywhere with its operating temperature range of -40 to +55 degree C. With best-in-class fuel efficiency, the Tata Super ACE offers better savings and better earnings making it the ideal choice for any business.
Commercial Vehicles
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors January sales at 87,465 nos.
Tata passenger vehicle sales highest ever for any month
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in January 2012 were 87,465 vehicles, higher by 16% over January 2011. The company's domestic sales of Tata commercial and passenger vehicles for January 2012 were 80,382 nos., higher by 14% over 70,475 nos., sold in January last year.
Cumulative sales (including exports) for the company for the fiscal are 714,235 nos., a growth of 11% over 642,415 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in January 2012 in the
domestic market were 45,713 nos., a 14% growth, compared to 40,263
vehicles, sold in January last year. LCV sales were 27,375 nos., a
growth of 15%, compared to 23,776 vehicles sold in January, last year.
M&HCV sales stood at 18,338 nos., a growth of 11%, compared to
16,487 vehicles sold in January, last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 420,045 nos., a growth of 18% over last year. Cumulative LCV sales are 254,340 nos., a growth of 24% over last year, while M&HCV sales stood at 165,705 nos., a growth of 10% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and
distribution offtake of 36,770 nos. (34,669 Tata + 2,101 Fiat) in the
domestic market in January 2012, higher by 14% compared to 32,386 nos.
(30,212 Tata + 2,174 Fiat) in January last year. Sales of Tata
passenger vehicles for January 2012 are at 34,669 nos., a growth of 15%
over 30,212 nos., sold in January last year, and highest ever for any
month. Sales of the Tata Nano were 7,723 nos., higher by 15%, compared
to 6,703 nos., sold in January, last year. The Indica range sales were
11,534 nos., higher by 9%, over 10,591 nos., sold in January, last
year. The Indigo range recorded sales of 9,272 nos., higher by 10%,
over 8,456 nos., sold in January, last year. The Sumo/ Safari/ Aria/
Venture range accounted for sales of 6,140 nos., a growth of 38%, over
4,462 nos., sold in January, last year.
Jaguar Land Rover sales in India continued their upward trend.
Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 254,870 nos. (241,894 Tata + 12,976 Fiat), against 256,268 nos. (238,909 Tata + 17,359 Fiat) last year. Cumulative sales of Tata passenger vehicles were 241,894 nos., compared to 238,909 nos., till January last year. Cumulative sales of the Nano are 54, 835 nos., higher by 3%, compared to 53,463 nos., till January last year. Cumulative sales of the Indica range are 83,862 nos., higher by 4%. Cumulative sales of the Indigo family are 60,843 nos., lower by 15%. Cumulative sales of the Sumo/Safari/ Aria/ Venture range are 42,354 nos., higher by 29%.
Exports
The company's sales from exports at 7,083 vehicles in January 2012 are
higher by 43% compared to 4,948 vehicles in January last year. The
cumulative sales from exports for the fiscal at 52,296 nos. are higher
by 10% over 47,608 nos., in the same period last year.
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CA. Rajesh Desai
RAJESH DESAI
Jaguar Land Rover Said to Plan Production Partnership With Chery in China
Jaguar Land Rover, the luxury vehicle unit of India’s Tata Motors Ltd. (TTMT), plans to partner with Chery Automobile Co. to build vehicles in China, two people with direct knowledge of the matter said.
The companies have applied for regulatory clearance to establish the joint venture, the people said, declining to be identified because the deal has not been finalized. The partnership may be officially announced as early as April at the Beijing auto show, they said.
Tata Motors said in May it had shortlisted unidentified partners in China to fuel expansion in the world’s largest auto market. China requires overseas carmakers to work with local manufacturers, who must own at least 50 percent of joint ventures, to set up production. Locally built vehicles are cheaper because they’re not subject to import duties.
“It’s a smart move by Tata Motors,” said Juergen Maier, a Vienna-based fund manager at Raiffeisen Capital Management that oversees about $1.1 billion of emerging-market assets, including Tata Motors shares. “It makes sense for Tata to have local production in China as it helps reduce the prices as well as cater supply more closely to the Chinese demand.”
Jin Yibo, a spokesman for Wuhu, China-based Chery, said he had “no information to disclose” when contacted yesterday by phone. Paul Chadderton, a Jaguar Land Rover spokesman based in Whitley, England, said there was “no news at this time” on the company’s plans to produce cars in China.
China Sales
Land Rover deliveries in China rose 63 percent to 17,812, while Jaguar climbed 92 percent in the first half of the fiscal year beginning April 1, the company said in an investor presentation on its website. The company expects China to become the second-largest market for Land Rover, and the third-largest market for Jaguar in the year ending March 31, the presentation said.
Chery, the sixth-largest automaker in China, was founded in 1997 and began making cars in 1999, according to the company’s website. Chery assembles passenger cars, commercial vehicles and minivans, the website said.
Luxury carmakers are turning to China to boost growth. German luxury-car manufacturers’ sales last year were propelled by demand in China, where they all posted sales gains of at least 30 percent, led by a 65 percent jump for Stuttgart-based Porsche. Audi Chief Executive Officer Rupert Stadler estimated last month that China’s car market will expand about 8 percent in 2012.
Majority of Revenue
Tata Motors paid $2.4 billion in June 2008 to buy the Jaguar and Land Rover brands from Ford Motor Co. (F) and subsequently combined them into a single division. The unit generated 57 percent of Tata Motors’ revenue for the year ended March 31, 2011, up from 53 percent the previous year.
Jaguar and Land Rover’s global deliveries rose 45 percent in December, the biggest monthly gain since June 2010, boosted by the new Evoque compact sport-utility model, Tata Motors said last month. Their sales gained 22 percent to 216,412 vehicles in the nine months through December.
The Range Rover Evoque, which was introduced in September, was named the North American truck of the year last month in Detroit. It received 32,000 initial orders, John Edwards, Land Rover brand director said in November.
To contact the reporters on this story: Siddharth Philip in Mumbai at sphi...@bloomberg.net; Chris Reiter in Berlin at crei...@bloomberg.net
To contact the editors responsible for this story: Young-Sam Cho at yc...@bloomberg.net; Chad Thomas at ctho...@bloomberg.net
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors stock today hit a 52-week high after the company said it has increased prices of its passenger vehicles, except small car Nano and premium crossover Aria, by up to Rs 12,000 to mitigate the impact of high input costs.
The company said the price hike has been effective from Wednesdau across the country.
The company said the price hike has been effective from Wednesdau across the country. Reuters
The stock hit a high of Rs 261.80 , which is also a 52-week high for the counter.
“The high input costs have been impacting us for quite some time. We have decided to pass on some burden to our customers. The quantum of the hike will vary between Rs 7,000 and Rs 12,000 depending on the model,” said a company spokesperson
He, however, said this price increase exercise will not include Nano and Aria.
“The price hike has been effected since yesterday,” the spokesperson added.
Last month, other passenger vehicle majors Maruti Suzuki and General Motors increased the prices of their various models by up to Rs 17,000 to offset rising input costs and the impact of currency fluctuation.
Maruti Suzuki India (MSI) hiked prices of its vehicles, except for entry-level sedan DZire, by between 0.3 per cent and 3.4 per cent. This translated into a minimum increase of Rs 2,400 on the SX4 sedan and a maximum of Rs 17,000 on the diesel variant of its Swift hatchback.
Similarly, General Motors India also increased product prices by between 0.5 per cent and 1.75 per cent for models including the Spark, Beat, Cruze and Tavera, translating into an increase ranging from Rs 3,000 to Rs 15,000.
GM India, however, left the prices of its Aveo, Aveo UVA, Optra and Captiva SUV models unchanged.
Toyota Kirloskar Motor had also hiked the prices of its different models, including the Liva and Etios, between 0.75 per cent and 3 per cent from January 1 onward.
Mahindra & Mahindra increased the price of its latest SUV, the XUV500, by up to Rs 55,000.
Agencies
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors DVR has gained 14 percent after an upgrade by Morgan Stanley at target price of Rs 226.
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CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
CARS conversion-an overhang----PFA
What are CARS?
CARS are Zero Coupon Convertible Alternative Reference Securities issued by Tata Motors in July 2007 to raise $490 million from foreign bond holders. These bonds are due for redemption on June 12, 2012 and carry yield to maturity (YTM) of 131.82%.
Scenario 1: CARS conversion by bondholders
The conversion price as well as the rupee-dollar rate while estimating the bond conversion into equity shares has been fixed. The bondholders who may opt for conversion will get a conversion price of Rs181.4. The $473 million worth CARS will fetch a dollar-rupee rate of 40.6.
Scenario 2: CARS redeemed by the bondholders
The bond holders are entitled to a 131% YTM on their zero coupon CARS. There is no fixed dollar-rupee rate for the redemption. The redemption would take place at current currency rates.
Probability of conversion low
We estimate a mere 23.3% return for bondholders in five years, assuming they sell the converted shares at Rs270 per share. The returns are much lower than 131%, five-year YTM return on the respective bonds. The conversion is highly unlikely at the current prices due to the lower relative return.
Valuation
Our FY2012 consolidated earnings per share (EPS) estimate stands at Rs36. The stock has traded between 8x and 9x one-year forward earnings in the past. Given the excellent performance of Land Rover, the company may continue to see long-term investment interest. However, the short-term overhang of CARS redemption would stay. We are positive on the stock with a long-term investment horizon.
Rajesh ji,Pl post latest reports after results.On Tue, Feb 28, 2012 at 4:23 PM, Indinomics <indin...@gmail.com> wrote:
Pl provide the report.With warm reg,
Indinomics
Sent on my BlackBerry®From: RAJESH DESAI <stock...@gmail.com>Sender: longterminve...@googlegroups.comDate: Tue, 28 Feb 2012 15:31:41 +0530ReplyTo: longterminve...@googlegroups.comCc: DAILY REPORTS<daily-r...@googlegroups.com>Subject: Re: {LONGTERMINVESTORS} Tata Motors DVR & ORDINARY EQUITY SHARES .....thread....
Tata Motors DVR has gained 14 percent after an upgrade by Morgan Stanley at target price of Rs 226.
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CA. Rajesh Desai
Tanya Mehra.
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RAJESH DESAI
'Tata Sumo Gold' wins the Desert Storm 2012 (Xplore category)
Tata
Motors Full Throttle rallied home to victory in the 10th edition of
India's longest and one of the toughest off-roading events, the Desert
Storm 2012 rally. Tata Motors took the honours with the new Tata Sumo
Gold bagging first place, driven by Mr. Ganesh Moorthy and co-driver
Mr. T. Nagrajan, followed by Mr. Sanjay Ram Takle and co-driver Mr.
Mohd. Mustafa, winning third place in the Tata Sumo Grande.
The 6-day long Desert Storm rally, often referred to as the mini Dakar rally, is the longest and amongst the most challenging rallies in India. Flagged off from Ahmedabad, on 20th February, 2012, the rally spanned a grueling 3500 km through the Rann of Kutch, Bhuj, interiors of Rajasthan through Barmer, Jaiselmer, Pokhran, Thar, Bikaner and Jaipur, before reaching Delhi.
Besides the Tata Sumo Gold, Tata Motors' UV portfolio comprises the the premium Crossover Tata Aria, the Tata Safari 4x4, the Tata Sumo 4x4, the lifestyle pick-up Tata Xenon XT.
The new Tata Sumo Gold is a result of extensive consumer studies and field tests. The product has been designed to fulfill various requirements, long-awaited by the new generation customer. At the heart of every Tata Sumo Gold, lies a growling engine that thumps out vicious power. The Tata Sumo Gold goes a step ahead in putting the reins of power in the customer's hands, by letting him choose from two powerhouses, that suits his driving experience, delivering the best-in-class acceleration, power and an excellent torque aided pick-up & pull power.
CR4 Turbo - BS4: Symbolising a new elevated state
of automobile engineering, the all-new CR4 Turbo engine brings fresh
blood to a lineage of powerful engines. This 2956cc determined
powerhouse delivers an output of 85Ps @ 3000rpm and a torque of 250Nm @
1000 to 2000rpm. With a stunning mileage of 14.7 kmpl, this engine is
one giant leap ahead of the rest, in its league.
Di Turbo BS3: Bringing years of know-how to a
lineage of power is the Di Turbo engine. This 2956cc engine is
all-muscle, generating an output of 70PS @ 3000rpm and a torque of
225Nm @ 1600 to 2000rpm. Its sheer size and heft makes the Di Turbo the
largest sized diesel engine. This engine delivers an impressive
mileage of 14.3kmpl.
Tata Motors launched the Tata Motors Full Throttle, as a platform for steering the company's participation in motor sports and allied activities. The platform also helps the company, in organising and synergising all efforts and activities, in the area of motor sports, including development and testing.
Tata Motors had earlier participated in several international rallies such as the London - Capetown rally (1998), ASEAN rally (2004) and the SAARC rally (2007), with the Tata Safari. In the past, independent participants have also driven the Tata Safari and the Tata Xenon XT (a 4x4 lifestyle pickup), in various rallies.
Off-roading enthusiasts can visit www.tatamotorsfullthrottle.com for more information on Tata Motors Full Throttle initiatives.
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RAJESH DESAI
Tata Motors February sales at 92,119 nos.
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in February 2012 were 92,119 vehicles, higher by 19% over February 2011. The company's domestic sales of Tata commercial and passenger vehicles for February 2012 were 86,704 nos., higher by 19% over 73,039 nos., sold in February last year.
Cumulative sales (including exports) for the company for the fiscal are 806,354 nos., a growth of 12% over 719,976 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in February 2012 in the
domestic market were 51,872 nos., a 26% growth, compared to 41,130
vehicles, sold in February last year. LCV sales were 32,540 nos., a
growth of 38%, compared to 23,498 vehicles sold in February, last year.
M&HCV sales stood at 19,332 nos., a growth of 10%, compared to
17,632 vehicles sold in February, last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 471,917 nos., a growth of 19% over last year. Cumulative LCV sales are 286,880 nos., a growth of 26% over last year, while M&HCV sales stood at 185,037 nos., a growth of 10% over last year.
Passenger Vehicles
The passenger vehicles business reported a total sale and distribution
offtake of 36,536 nos. (34,832 Tata + 1,704 Fiat) in the domestic
market in February 2012, higher by 8%, compared to 33,751 nos. (31,909
Tata + 1,842 Fiat) in February last year. Sales of Tata passenger
vehicles for February 2012 are at 34,832 nos., a growth of 9% over
31,909 nos., sold in February last year. Sales of the Tata Nano were
9,217 nos., higher by 12%, compared to 8,262 nos., sold in February,
last year. The Indica range sales were 10,424 nos., higher by 4%, over
10,044 nos., sold in February, last year. The Indigo range recorded
sales of 8,595 nos., lower by 4%, over 8,966 nos., sold in February,
last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of
6,596 nos., a growth of 42%, over 4,637 nos., sold in February, last
year.
Jaguar Land Rover sales in India continued their upward trend.
Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 291,406 nos. (276,726 Tata + 14,680 Fiat), against 290,037 nos. (270836 Tata + 19,201 Fiat) last year. Cumulative sales of Tata passenger vehicles were 276,726 nos., compared to 270,836 nos., till February last year. Cumulative sales of the Nano are 64,052 nos., higher by 4%, compared to 61,725 nos., till February last year. Cumulative sales of the Indica range are 94,286 nos., higher by 4%, compared to 90,914 nos., till February last year. Cumulative sales of the Indigo family are 69,438 nos., lower by 14%, compared to 80,722 nos., till February last year. Cumulative sales of the Sumo/Safari/ Aria/ Venture range are 48,950 nos., higher by 31%, compared to 37,475 nos., till February last year.
Exports
The company's sales from exports at 5,415 vehicles in February 2012
are higher by 20% compared to 4,504 vehicles in February last year. The
cumulative sales from exports for the fiscal at 57,711 nos. are higher
by 11% over 52,112 nos., in the same period last year.
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Tata Motors rose 1% on reports the company's Jaguar Land Rover unit and China's Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan car venture in eastern China.
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RAJESH DESAI
Tata Megapixel, a new global car concept,
displayed at the 82nd Geneva Motor Show
Tata Motors today presented at the 82nd Geneva Motor Show the Tata Megapixel, a new four-seater city-smart global range extended electric vehicle (REEV) concept for the performance-seeking and environment-conscious motorist anywhere in the world. Combining a lithium ion phosphate battery and an on-board petrol engine generator for recharging on the move, the Tata Megapixel offers a range of up to 900 km (with a single tank of fuel), path-breaking CO2 emission of just 22 gm / km and fuel economy of 100 km / litre (under battery only power).
Speaking on the occasion, Mr. Prakash M. Telang, Managing Director - India Operations, Tata Motors, said, "The Tata Megapixel, developed by our design centres in India, the UK and Italy, is our idea of a city car for discerning motorists in any megacity of the world. It is a result of the progress we have made on the Tata Pixel, displayed last year, and also denotes the company's future design direction."
The class-leading 'Zero Turn' drive system of the Tata Pixel (shown at the 2011 Geneva Motor Show) has been taken to an even higher level of manoeuvrability in the Tata Megapixel. The car's electric drive has four independent electric motors, one at each wheel. When parking, the electric hub motors drive the wheels in opposite directions, while the front wheels are turned at an acute angle, enabling an exceptional 2.8 metre turning radius. The at-home charging system is an as innovative induction charging system. The car has simply to be parked over the induction pad for charging to begin.
The Tata Megapixel is as distinctive in elegantly melding Indian uniqueness - in colours, graphic themes or materials - with global styling preferences. The integrated lamp and grille graphics sweep back over the front wheel arches to render a dynamic front end. It is echoed on the panoramic roof, creating a harmony between sun & shade and sense of interior space. The floating C-pillar and wrap-around belt line finisher integrate perfectly with the sculpted body surface, flowing freely to the rear and encapsulating the 5-spoke wheel design.
A double-sliding door system and the car's B-pillar less design make entry/exit easy, besides superb visibility. The battery layout and hub motors maximize the interior package. So, the Tata Megapixel comfortably accommodates four adults with luggage. The front seats are cantilevered on the central tunnel, releasing floor space for additional storage. Light leather trims and rose metal details accentuate the joyous marriage of richness of tradition and innovativeness of technology.
This fusion is heightened by an advanced human machine interface (HMI). The console docking point can connect a smart phone with the car. The built-in large touchscreen HMI, at the centre of the instrument panel, thus becomes a common access point for the repertoire of the smart device and for controlling the functions of the car, like temperature, ventilation, driving modes and performance.
Tata Motors' displays also include the new generation Tata Safari Storme SUV, the Tata Aria crossover, the Tata Indigo Manza sedan and the Tata Indica Vista hatchback.
About Tata MotorsTata Motors is India's largest automobile company, with consolidated revenues of Rs. 1,23,133 crores ($ 27 billion) in 2010-11. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also distributes Fiat cars in India, and has an industrial joint venture with Fiat in India. With over 6.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the third largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
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| Geneva Motor Show 2012: (L to R) – Mr. Ratan N. Tata, Chairman, Tata Sons & Tata Motors, Mr. Cyrus P Mistry, Deputy Chairman, Tata Sons, Mr. Ravi Kant, Vice Chairman, Tata Motors, Mr. P M Telang, Managing Director - India Operations, Tata Motors and Dr. Timothy Leverton, Head – Advanced and Product Engineering, Tata Motors, unveiling the Tata Megapixel, a new four-seater city-smart global range extended electric vehicle (REEV) concept, for the performance-seeking and environment-conscious motorist anywhere in the world. |
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Q3-FY12-Results-Concall-Transcript --pfa
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Jaguar Land Rover says to build new sports car in Britain
The two-seater convertible that is the long-awaited successor to the iconic Jaguar E-Type will be built at JLR's Castle Bromwich plant in Birmingham, central England, ahead of its sales launch in the middle of 2013.
JLR had revealed the model's name earlier this week at the 2012 New York International Auto Show. The F-Type will be based on the company's C-X16 concept that had been revealed at last year's Frankfurt auto show.
Production of the E-Type ended in 1975.
Jaguar's Vehicle Line Director Ian Hoban said in a statement: "The engineering development of the F-type has focused on delivering a heightened level of dynamic driving reward.
"We are excited about our progress to date and are looking forward to soon being able to demonstrate what we have achieved."
Britain's Business Secretary Vince Cable added: "I am delighted that Jaguar's innovative new sports car will be made by the highly skilled workforce at Castle Bromwich ... This news is further evidence of the company's growth and strength of the brand which remains a key part of the UK's positive automotive story."
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RAJESH DESAI
JRL targets emerging mkts for growth
In an exclusive interview to CNBC-TV18, Jaguar land Rover (JLR), chief executive officer, Ralf Speth says that the company could look at producing smaller engines specifically for emerging markets and India would soon become a hub for JLR.
He also says, the company plans to assemble more cars in India. Currently, JLR assembles Freelander 2 in India. He expects a good demand in China for JLR and the company does not plan to offer any discount in Chinese market.
Below is the edited version of the transcript. Also watch the accompanying video.
Q: You have said that 1.5 billion pounds is what you are going to invest every year, are emerging markets becoming so important to the company? How much of this money can we expect being re-routed into the emerging markets for further R&D?
A: We are investing heavily in R&D in product programme and international expansion. We have started producing Freelander in India. In China, we are will produce in collaboration with Chevy and we are in discussion to work out calculations in Brazil. That means, we are re-directing money into emerging markets.
Q: Recently we have seen there has been some sort of a moderation in sales as far as the luxury car market in China is concerned, which has prompted some of the luxury players going out and offering discounts. We have not seen that yet from JLR. What's your overall take of the Chinese luxury market and will we see JLR offering any kind of discounts on their products in China?
A: China is the third biggest market for Jaguar Land Rover. I am quite sure that China will take over in a very short period of time.
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RAJESH DESAI
Tata Motors has reported a 26% increase in global sales to 1,39,655 units in March over the year ago period.
For FY12, sales were up 16% at 12,52,173 units, the company said in a statement.
Global sales of all commercial vehicles Tata, Tata Daewoo and the Tata Hispano Carrocera range rose 12% to 63,791 units. Cumulative sales for the fiscal rose 17% to 5,99,927 units.
Passenger vehicles sales increased 41% to 75,864 units. For the fiscal, sales were 14% up at 652,246 units.
Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were up 32% at 39,393 units. For FY12, the company posted a 3% growth at 337,813 units.
Jaguar Land Rover sales in March were at 36,471 vehicles, up 51%.
Jaguar sales were 5,343 units, 42% higher, while Land Rover sales were at 31,128 vehicles (up 53%).
For FY12, Jaguar Land Rover sales were at 314,433 units, higher by 29%. Sales of Jaguar were 54,039 units, higher by 2%, while cumulative sales of Land Rover were 260,394, higher by 37%.
Shares of the company gained Rs 11.3, or 3.91%, to settle at Rs 300.40. The total volume of shares traded was 2,084,251 at the BSE (Monday).
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CA. Rajesh Desai
RAJESH DESAI
Jaguar Land Rover IPO Seen as Jackpot as Valuation Soars
When Tata Motors Ltd. (TTMT) bought Jaguar and Land Rover in 2008 for $2.5 billion from Ford Motor Co. (F), investors greeted the announcement by selling its stock. Those who held on may be sitting on a jackpot.
The two British luxury car brands are worth $14 billion, according to the average estimate of three analysts surveyed by Bloomberg News, more than Fiat SpA (FI) or Suzuki Motor Corp. (7269) With a planned $12 billion in capital spending and product development over five years and a proposed partnership with Chery Automobile Co. to expand in China, conditions are right for an initial share sale, according to Fim Asset Management Ltd. and Kim Eng Securities Pvt.
Tata Motors, the second-best performing automaker stock globally this year, extended its gains after Jaguar Land Rover recorded its highest ever monthly sales in March. Photographer: Graham Crouch/Bloomberg
April 9 (Bloomberg) -- Tata Motors Ltd.'s Jaguar Land Rover luxury unit displays its XJL Supersport sedan, XKR-S Coupe and XK convertible at the 2012 New York International Auto Show. (Source: Bloomberg)
April 4 (Bloomberg) -- Ralf Speth, chief executive officer of Tata Motors Ltd.'s Jaguar Land Rover, talks about the unit's vehicles and sales growth. He speaks with Matt Miller on Bloomberg Television's "Money Moves." (Source: Bloomberg)
The Jaguar XF Sportbrake automobile, produced by Jaguar Land Rover Plc. Photographer: Jason Alden/Bloomberg
After acquiring Jaguar and Land Rover from Ford, Tata Motors hired KPMG International and Roland Berger Strategy Consultants to help cut costs at the luxury unit. The company introduced new models including the new XJ sedan, the Evoque compact SUV and the XF sedan, according to a June 2009 presentation, and began targeting new emerging markets such as Russia and China.
“By listing Jaguar Land Rover, Tata Motors will allow investors who aren’t focused on India to invest in the company,” said Taina Erajuuri, a Helsinki-based money manager at FIM Asset Management that oversees about $1.2 billion including Tata Motors shares. “The new models planned for JLR require a large amount of investment, especially if the company wants to follow on the success of the Evoque.”
Record Sales
Tata Motors, the second-best performing automaker stock globally this year, extended its gains after Jaguar Land Rover recorded its highest ever monthly sales in March. That has helped make up for the slowdown in annual deliveries of Tata- branded passenger vehicles in India, where interest rates and fuel prices have dented consumer confidence.
The Indian automaker said in August that it will double its annual spending on product development and capital expenditure at Jaguar Land Rover to 1.5 billion pounds ($2.4 billion) over five years to fund an expansion that includes a pipeline of 40 new or upgraded vehicle models. That is more than the $2 billion in profit that Tata earned in the 2011 fiscal year.
The British luxury carmaker will also add 1,000 jobs and a third shift to boost production at its U.K. plant to meet surging demand for the Range Rover Evoque, named the North American truck of the year in January in Detroit.
Unlocking Value
“I think it will be a good thing if Tata Motors decides to list JLR,” said Jigar Shah, a Mumbai-based analyst with Kim Eng Securities, using the acronym for the two British brands that Tata combined after the purchase. “An IPO for JLR makes sense as it will unlock value for shareholders.”
Tata Motors expects to fund Jaguar Land Rover’s capital expenditure and product development needs through internal cash accruals, Debasis Ray, a company spokesman, said in an e-mail. “However, we will continue to consider opportunities for capital structure management as done in the past.”
In March, Tata Motors raised 500 million pounds in notes, adding to a 1 billion pound bond issue in May 2011. The company had cash and equivalents of $3.1 billion as of Sept. 30, 2011, according to data compiled by Bloomberg
The company’s stock has advanced more than 60 percent this year in Mumbai trading, the biggest percentage gainer on the 30- company benchmark Sensitive Index. The company is also the second-best performer this year on the MSCI AC World Automobiles & Components Index.
Product Pipeline
Jaguar, which announced that it would introduce a two-seat, all-new sports car in 2013 called the F-Type, is looking to expand its product portfolio as sales more than quadrupled in China, and doubled in Russia in the quarter ended Dec. 31, compared with a year earlier, Tata Motors said in a presentation on its website.
Jaguar and Land Rover sales in China and Russia boosted profitability as demand in emerging markets helped tide over slower growth in advanced economies. The Evoque, which the company began delivering in September, accounted for 30 percent of Land Rover’s 65,287 retail sales in the October-to-December quarter.
The two British brands weren’t always winners. When Tata announced the deal in March 2008, its largest acquisition ever, Jaguar’s sales had dropped 33 percent in the U.S. and Europe in the preceding two months, while Land Rover’s deliveries fell 13 percent and 7.7 percent respectively during the period.
Diluting Ownership
Jaguar was listed on the London Stock Exchange until 1990 after Ford bought the company. The U.S. carmaker sold Aston Martin in 2007, and Jaguar and Land Rover businesses a year later as losses in its main auto business drained cash.
Tata may prefer to fund the capital spending through a bond issue to avoid diluting ownership of its biggest profit center, according to Juergen Maier, a Vienna-based fund manager at Raiffeisen Capital Management which oversees about $1.1 billion of emerging-market assets including Tata Motors.
“Two years ago, it would have made sense for Tata Motors to have sold a stake in JLR,” said Maier. “Today, there is still growth and liquidity is not a problem.”
Global sales at JLR gained 29 percent to 314,433 vehicles in the 12 months through March, the company said in a statement this week. That compares with the 3 percent annual increase in sales for Tata passenger vehicles.
China Growth
The company expects China to become the second-largest market for Land Rover, and the third-largest market for Jaguar in the year that ended March 31, it said in a presentation on its website.
JLR will spend 3.5 billion yuan ($555 million) for a 50 percent stake in a planned venture with Wuhu, China-based Chery Auto. The agreement, signed in December 2011, will build the U.K. luxury carmaker’s models in China to challenge Daimler AG (DAI), General Motors Co. (GM) and Volkswagen AG (VOW) in the world’s largest auto market. The government still has to approve the venture.
The company will introduce new versions of the XF and Range Rover Sport in the 2013 financial year, Bhaumik Bhatia, an analyst at Mumbai-based IDBI Capital, said in an April 9 note. There is currently a waiting period of about six weeks for JLR models, and two to three months for the Evoque, according to the report.
“Luxury car sales have picked up this year especially in emerging markets like China.” FIM Asset’s Erajuuri said. “Jaguar has been listed in the past before it was acquired by Ford in 1989 and so I think investors will invest in JLR.”
To contact the reporter on this story: Siddharth Philip in Mumbai at sphi...@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at yc...@bloomberg.net
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CA. Rajesh Desai
RAJESH DESAI
Meet the new fans of the Tata Nano
by FP EditorsWomen. And first-time car buyers.
Yes, these two groups are boosting sales of Tata Motors’ compact car, Nano, in 2012, according to a report in Mint. Fading concerns over the car’s safety, a zippy new look, improved fuel efficiency, an increase in the number of dedicated dealerships and attractive finance plans, and improved fuel efficiency are cited as the main reasons for the surge in interest, the newspaper said.
According to a Tata Motors spokesperson, up to 10-12 percent of those behind the wheel of a Nano are women.
Agencies
In March, sales of the Nano, touted as the world’s cheapest car, nearly tripled to 10,475 units from 3,868 in October, according to data by industry group Society of Indian Automobile Manufacturers (Siam).
To cater to increasing demand, the company has been increasing production at its Sanand plant in Gujarat, according to suppliers who spoke to the newspaper. Tata Motors, according to suppliers, plans to sell about 12,000 units in April and is working towards selling 15,000 units a month — the level required for the Sanand factory to break-even — during the festive season beginning October.
It looks like things are finally turning around for the Nano, which had come close to being completely written off by industry watchers and buyers not so long ago.
A report in IndianCarsBikes says that as a next step, Tata Motors’ has started testing the diesel-engine variant of the Nano, which is set to be launched in future. That would be a real kicker to sales, since over the past year, diesel-engine car sales have accounted for nearly 40 percent of all new car sales in 2011-2012. The popularity of diesel-engine cars soared after the price difference between petrol and diesel widened, making diesel a much cheaper fuel. However, a diesel version of the Nano is still some time away.
Arriving earlier will be the CNG (compressed natural gas) version of the Nano, set to be launched before the end of this current financial year. A Bloomberg report says the diesel-engine variant could cost up to 30 percent more than the petrol variant.
Certainly, Tata seems to be getting it right with women drivers, a growing buyer segment. A cover story by Outlook magazine earlier this year pointed out that while there are several women drivers, most car dealers still don’t know how to make effective sales pitches to female customers, instead ending up being condescending.
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RAJESH DESAI
Tata's Jaguar Land Rover to invest in UK plant: report
Luxury car maker Jaguar Land Rover, part of Tata Motors , plans to invest 200 million pounds in a plant in central England, the Daily Telegraph reported on Thursday.
The investment at the factory, which will build Jaguar's new F-type sports car, is expected to create up to 1,000 jobs and increase its capacity by 50 percent, according to the article.
The newspaper said, without citing sources, that the car maker is looking to start work on expanding the plant swiftly.
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RAJESH DESAI
Tata Motors JLR Sales for April 2012 - A Big Disappointment
- JLR sales for the month of April 2012 came in at 25,143 units which is 29.4% YoY growth. But it is down 31% QoQ. In March Company sold 36,471 units.
- This sales number is a huge disappointment as it is 9% lower than the Sep 2011 sales figures of 27,639 units, which was the first month of Evoque launch.
- If we exclude Evoque sales figure of 8,300 units, sales are down by 13% YoY to 16,843 units in April 2012.
- China which account for 25% of the sales did well with wholesale volumes growing 150% YoY.
- US sales were a bit disappointing as retail volumes grew by 3% YoY.
- Jaguar sales grew 17% YoY to 3,603 units in April 2012. MoM it declined 33%.
- Land Rover sales grew 31.7% YoY to 21,540 units in April 2012. MoM it declined 31%.
- Chery Automobile Co. Ltd. has applied for government approval to establish a joint venture with Jaguar Land Rover in China. China requires environmental reviews before allowing automakers to build new assembly plants.
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RAJESH DESAI
FY13 JLR volume target steady at 3,60,000 units: Kotak Inst
Tata Motors ’ April global sales were unimpressive which came in at 87,377 units. Their total JLR global sales came in at 25,143 units. April global CV sales came in 8% lower at 38,008 units YoY.
In an interview to CNBC-TV18, Hitesh Goel, analyst at Kotak Institutional Equities breaks down the numbers and tells investors how they should play the stock going ahead.
Below is an edited transcript of his interview.
Q: What did you make of the numbers of Tata Motors? Have you rated as a blip the kind of slip they have seen month-on-month (MoM) or do you think sales are likely to start falling from here?
A: If we have to look at it from a MoM perspective, I think the sales are below expectation by 10-13%. If you look at the MoM, there is a decline of 30% and historically it is around 20%. The sales are even weaker to that extent because if you include Evoque which is a new addition to the portfolio did around 8,000 volumes this month. So excluding Evoque the volumes are down 12% which is a big disappointment.
But I think in the last quarter, there was some inventory build-up on JLR which is now getting corrected to some extent. Overall, the expectations are higher from volumes for next year which could get revised and little bit down because of weaker demand in Europe but China continues to do well for them so I don’t see a major impact on consensus estimates for next year. But yes, it is a little bit of a disappointment.
Q: Any reason to believe that this could be just a one month blip and the numbers might bounce back next month or you would be unclear or uncertain about that?
A: China is not showing any signs of slowdown as of yet although the macro news which is coming across is very weak. On the luxury car side, most of the manufacturers are reporting very strong growth. I don’t see China getting impacted on the luxury car side in the near term but Europe could surprise on the downside in my view where you could see weaker numbers whereas the US will hold off well. I think only Europe which is 45% of sales could be a concern otherwise I don’t see a major impact on the US or China.
Q: Are you cutting your own JLR estimates for the year and your price target for the stock after this?
A: Not really. Actually, my numbers are anyways lower than street of around 352,000. The consensus has moved to 370,000. I think they can easily do 3,60,000 because of Evoque. I don’t see a major concern on my price target as of now.
Q: Would you expect that the greater pressure would show up on the premium category and that may pinch margins for Tata Motors?
A: That is more of a longer term concern because historically if you look at margins for BMW, Audi and all these players, have moved up by 3% from historical level from 8% EBIT there. For BMW the margins are close to 12% because of China- you are selling vehicles at a huge premium in eastern part of China which is a fairly richer society.
Now most of these manufacturers are moving towards western side where the per capita incomes are lower and you would start seeing that playing out over the next 2-3 years where margins will start going down because these guys cannot afford the higher range SUVs which these guys are selling and making money on that. In the near term the currency would be more important. How currency moves which will determine margins otherwise from product portfolio perspective I don’t see a major downside to margins per se.--
CA. Rajesh Desai
RAJESH DESAI
Morgan stanley is buying DVRs & CLSA is buying Equity shares of Tata Motors
Don’t give up on Tata Motors, Evoque is sure to drive volumes
The stocks of Tata Motors, the country’s largest commercial vehicle maker dropped 7.5 percent yesterday to touch an intra day low of Rs 268.55 after the company reported flat global vehicle sales growth in April compared to last year.
Tata Motors has sold 87,377 vehicles in April. Overall passenger cars sales were 49,369 vehicles, a rise of 7 percent from last year. Jaguar Land Rover (JLR) sales rose by 29 percent compared to last year while commercial vehicle sales slipped 8 percent.
But JLR’s sales when compared to last month has dropped 31 percent. Leaving out JLR’s Evoque, sale have dropped 39 percent compared to last month and 14 percent over last year, which is not good news. BMW and Mailer sales also fell 21 percent in April compared March worsening the numbers of JLR.
The management has attributed the low sales to seasonality as April sales historically see a drop over March.
The management maintains the UK market always sees a large seasonal drop in sales in April and JLR has a higher UK exposure than its German peers which could explain the slip. Competitors of Tata in Europe and UK have given higher discounts in Europe and UK too.But CLSA in its latest report says there is no sign yet of any demand weakness. It notes JLR has seen an average drop of 30 percent in volumes in the last 10 years, though the drop has been a lower 22 percent in the last two years. Though CLSA expected a lower drop this month compared to the previous one, they emphasise that Tata has maintained its guidance for 1,00,000-1,10,000 Evoque volumes for 2013 and 4-6 percent growth for non-Evoque industry sales. This implies 2013 volumes of 3,70,000-3,80,000. CLSA is factoring in sales at 3,90,000 units.
CLSA explains it has factored in a Evoque sale growth of 8 percent for the current financial year. Even if the growth comes down to zero, their target price would come down to Rs 340. That is much above the current price of Rs 273.
It is also bullish on the stock as it sees multiple volume triggers in the form of Evoque ramp-up and the launch of the new Range Rover platform by 2012 end. “Multiple cost initiatives are underway, which together with an improving regional sales-mix and favourable currency trends, should drive strong margins,” CLSA writes.
It maintains a Buy with a target price of Rs 370.
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CA. Rajesh Desai
RAJESH DESAI
Dear Mr. RAJESH DESAI,
Tata Motors invites you to view the Live Webcast of the Press Conference and Analyst meet to discuss Tata Motors' Audited Financial Results for FY 2011 -12 on 29th May 2012 at 4:30 PM IST (GMT + 5:30) and 6:30 PM IST (GMT + 5:30) respectively.
Please Click Here to view the instructions.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors enters into distribution agreement in Myanmar
Tata Motors has entered into an agreement with Apex Greatest Industrial Co Ltd. (AGI), Myanmar, for the distribution of Tata Motors' commercial vehicles and passenger cars in Myanmar.
The purchase & sale agreement was signed on May 26, at Myanmar's capital city of Nay Pyi Taw, by Mr. R. T. Wasan, Head - International Business (Commercial Vehicles) and Mr. Johnny Oommen, Head - International Business (Passenger Vehicles), on behalf of Tata Motors, and the Chairman of AGI Myanmar, Mr. U Kyi Thein.
In March 2010, Tata Motors had signed a turnkey contract with Myanma Automobile & Diesel Industries Limited (MADI), an enterprise under the Government of Myanmar's Ministry of Industry-2, for setting up a heavy truck assembly plant, at Magwe, in central Myanmar, funded by a US$ 20 million Line of Credit from the Government of India. The plant, inaugurated in December 2010, is now operational.
With a highly flexible chassis & frame assembly line, along with cab manufacturing, paint shop and trimming set-up, the plant has a capacity of producing 1,000 vehicles per annum initially and has the flexibility of augmenting up to 5,000 per year.CA. Rajesh Desai
RAJESH DESAI
Today at 5.30 p.m - Tata Motors - Analysts Meet at Hotel Taj, Colaba, Mumbai
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CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
RAJESH DESAI
Eurozone crisis & Tax credits as other income has increased profits--On Wed, May 30, 2012 at 11:22 AM, Umesh Shukla <7788...@gmail.com> wrote:
WHY TATA MOTOR STOCK DOWN 8% ?????????--On Wed, May 30, 2012 at 10:57 AM, Mayuri Mehta <mayuri...@gmail.com> wrote:
Tata Motors to benefit from rising demand for diesel cars, Jaguar
JLR's stupendous performance is in fact prompting the company to make further investments in new products, facilities and technology.
On Wed, May 30, 2012 at 10:09 AM, kuku manmohan <manmoh...@gmail.com> wrote:
Tata Motors tumbled 7.88% as the company's American Depository Receipt (ADR) fell almost 3% on Tuesday, 29 May 2012, after the company reported Q4 March 2012 results. Tata Motors' consolidated net profit jumped 136.35% to Rs 6234 crore on 44.3% growth in revenue (net of excise) to Rs 50908 crore in Q4 March 2012 over Q4 March 2011.
Tata Motors' sales (including exports) of commercial and passenger vehicles for FY 2011-12, stood at 926,353 units, representing a growth of 10.7% as compared to the corresponding period last year. In the domestic market, the company's commercial vehicles sales for the quarter ended March 31, 2012, stood at 1,55,672 units, an increase of 16.2% over the corresponding period last year. The commercial vehicles sales during FY 2011-12 increased by 15.7% to 530,204 units, as compared to the corresponding period last year. The company's market share in commercial vehicles was 59.4% for FY 2011-12.
Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India, grew by 18.1% to 1,12,470 units in the domestic market for the quarter ended March 31, 2012, as compared to the corresponding period last year. Sales for FY 2011-12 grew by 4% to 3,33,044 units, as compared to the corresponding period last year. Focused marketing initiatives and network actions have positively influenced sales. The market share in passenger vehicles stood at 13.1% for FY 2011-12 largely driven by sales in the recent quarters. The market share in passenger vehicles for Q4 FY 2012 stood at 14.2%.
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Manmohan Tandan
Warm Regards,
Omesh Shukla>>>
EARN YOUR PRIDE>>>
CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
JLR- FY11-12-results-presentation - pfa
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors business-Review- FY-11-12 - pfa
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors May sales at 64,347 nos.
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in May 2012 were 64,347 vehicles, higher by 4%, over May 2011. The company's domestic sales of Tata commercial and passenger vehicles for May 2012 were 60,128 nos., higher by 6%, over 56,571 nos., sold in May last year.
Cumulative sales (including exports) for the company for the fiscal are 124,433 nos., lower by 2%, over 126,353 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in May 2012 in the
domestic market were 39,625 nos., a 7% growth, compared to 37,170
vehicles, sold in May last year. LCV sales were 27,174 nos., a growth
of 26%, compared to 21,638 vehicles sold in May, last year. M&HCV
sales stood at 12,451 nos., lower by 20%, compared to 15,532 vehicles
sold in May, last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 74,272 nos., a growth of 1% over last year. Cumulative LCV sales are 51,992 nos., a growth of 17% over last year, while M&HCV sales stood at 22,280 nos., lower by 24%, over last year.
Passenger Vehicles
Sales of passenger vehicles for May 2012 are at 20,503 nos., a growth
of 6% over 19,401 nos., sold in May last year. Sales of the Tata Nano
were 8,507 nos., higher by 31%, compared to 6,515 nos., sold in May,
last year. The Indica range sales were 5,467 nos., lower by 1%, over
5,497 nos., sold in May, last year. The Indigo range recorded sales of
3,397 nos., lower by 20%, over 4,268 nos., sold in May, last year. The
Sumo/ Safari/ Aria/ Venture range are flat at 3,132 nos., in this
month.
Cumulative sales of passenger vehicles were 43,161 nos., higher by 1%, compared to 42,788 nos., till May last year. Cumulative sales of the Nano are flat at 16,535 nos. Cumulative sales of the Indica range are 12,380 nos., higher by 27%. Cumulative sales of the Indigo family are 7,066 nos., lower by 26%. Cumulative sales of the Sumo/Safari/ Aria/ Venture range are 7,180 nos., higher by 3%.
Jaguar Land Rover sales in India continued their upward trend.
Exports
The company's sales from
exports at 4,219 vehicles in May 2012 are lower by 24% compared to
5,534 vehicles in May last year. The cumulative sales from exports for
the fiscal at 7,000 nos., are lower by 29% over 9,792 nos., in the same
period last year.
--Q: What did you make of Tata Motors numbers and how have you approached that name now?
Samir Arora : We have it. Our thesis in life has been not to sell when stocks are down 10%, so we had it before today and we still have it. A few weeks ago when I was on your channel that day, Cognizant had fallen 19% in one day. Although I didn’t own it and I still don’t own it, I said that it is ridiculous how fund managers can sell stocks like that. In this bad market since then that stock is up more than 10% from that day.
The point is my belief is that fund managers act differently when they are playing with their own money or investing their own money and then they invest as fund managers. I have always behaves with the fund money that it is my money. So would I just sell a stock down 10% as if there is some fraud that is being discovered tonight on a company, which has 4 multiple because we own the DVR and which has 3% plus yield and a 4 multiple. You may not buy it today which even we have not bought, but to sell it down 10% is basically playing with other people's money and we don’t do that
Warm regards,Shyam Pherwani
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors plant at Dharwad comes on stream
Tata Motors' Dharwad plant for small commercial vehicles is now operational and has begun to produce the Tata ACE Zip and the Tata Magic IRIS.
Mr. P. M. Telang, Managing Director - India Operations, Tata Motors said, "We are very delighted to commence manufacturing operations in Dharwad and further expand our operations in the country. This move is integral to Tata Motors' dominant presence in the Commercial Vehicles market."
Launched in May 2011, the Tata Magic IRIS is a four-wheel, 3-4 seater small passenger carrier, a stylish, safe and comfortable alternative for commuters who depend on three-wheelers. The Tata Ace Zip, also launched in May 2011, is a technologically superior and a smart micro truck with a payload of 600 kg for deep-penetration door-to-door goods movement.
Established with an investment of over Rs. 900 crores, the plant spans across an area of 405 acres. The plant has been constructed as per the norms specified by Indian Green Building Council (IGBC). The plant has been equipped with state-of-the-art equipment following lean manufacturing principles. It has built-in flexibilities to assemble large numbers and different variants in mixed mode production. The plant has been recommended for ISO 14001, Environment Management System Standard.
The major capital outlay, encompassing civil and plant engineering work for the facility, has been sourced from Europe, the US, South Korea, Japan and best-in-class suppliers from India. The capacity of the plant, to begin with, is 90,000 units per year, to be achieved in phases. Further capacity expansion has also been provided for.
The plant has already directly employed 350 individuals. The recruitment exercise covered about 76 ITIs in Karnataka. Training, skill transfer and development of local workforce is one of the top priorities of Tata Motors. The company's training processes and facilities in India have been acknowledged as among the best. Leveraging this expertise through a robust local skill transfer and training programme, Tata Motors is committed to ensuring that skill levels of individuals employed are further enhanced.
Tata Motors has also begun activities towards development of local communities by working on four thrust areas - employability, education, health and environment - making it into a beehive of inclusive growth.In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities shares his views about the Tata Motors.
ET Now: To your mind, what is the real and correct price level for Tata Motors?
Deven Choksey: I don't know what would be the right price level, but if I look at the fundamentals of the company, then I think that against last year's Rs 34.5-35 earning per share, if this company ends up producing flat result even in this year, taking the worst case scenario, then this particular price level would demand a buy in this kind of a stock.
We believe that over a period of time this company would overcome the kind of concerns that most of the analysts have raised after the last quarter's results, particularly in the JLR margin front. I think, the new launches have taken the toll on the margins for the time being which may not be the case going forward in subsequent quarters.
I assume that even if they end up maintaining single digit growth on the volume front on JLR portfolio, then probably this company on a safer side could make an earning per share of around Rs 37-38 and in a good case probably around Rs 39-40.
Hence, from that point of view Rs 35 would become a very safe bet to buy Tata Motors on an earnings basis. So from that point of view, buy into this particular stock for investment portfolio and stay invested thereafter.
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Tanya Mehra.
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CA. Rajesh Desai
RAJESH DESAI
The rise in sales was mainly led by 35 percent rise in sales of its luxury Jaguar Land Rover vehicles. Sales of its Jaguar Land Rover vehicles stood at 30,094 in the month.
Brokerage houses expect JLR to report sales in the range of 28,000-29,000 units for May 2012 as against 25,143 units in previous month, reports ET Now.
Ajay Srivastava, Dimensions Consulting Pvt. Ltd is of the view that Tata Motors is a good buy among other auto stocks and he believes that is one stock which has got lot of fundamental value. He places a target price of Rs 220 for the global auto giant.
"Tata Motors is perhaps the only one which can give trading pops of 15% to 20% and none of the other stocks in auto can give you that pop," added Srivastava.
In a separate report, Nomura has downgraded Tata Motors ratings to 'Neutral' with a price target of Rs 251. JLR's 4QFY12 EBITDA declined by 240bps q-q to 14.6%, well below the estimate and consensus of 18-19%. JLR's current margins are in line with those of global peers and management's guidance.
We, thus, reduce our FY13F/FY14F margins from 17.7%/18% to 14.1%/14.5%" said Nomura in its note to clients. Nomura's valuation of the standalone business remains largely unchanged.
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CA. Rajesh Desai
RAJESH DESAI
RAJESH DESAI
Tata Motors Group global wholesales at 96,089 vehicles in May 2012
The Tata Motors Group global wholesales, including Jaguar Land Rover, were 96,089 nos., in May 2012, higher by 12% over May 2011. Cumulative sales for the fiscal are 182,466 higher by 7% compared to the corresponding period in 2011-12.
Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range -- were 45,025 nos., in May 2012, a growth of 3%. Cumulative sales for the fiscal are 83,033 nos., lower by 2%.
Global sales of all passenger vehicles were at 51,064 nos. in May 2012, higher by 21%. Cumulative sales for the fiscal are 99,433 nos., higher by 16%.
Global sales of Tata passenger vehicles were at 20,970 nos., for the month, higher by 6% over May 2011. Cumulative sales for the fiscal are flat at 44,196 nos.
Global sales of Jaguar Land Rover in May 2012 were at 30,094 vehicles, higher by 35% over May 2011, driven by the Range Rover Evoque and the 12MY Jaguar product. Jaguar sales for the month were 4,342 nos., higher by 3%, while Land Rover sales were 25,752 nos., higher by 42%. Cumulative sales of Jaguar Land Rover for the fiscal are 55,237 nos., higher by 32%. Cumulative sales of Jaguar are 7,945 nos., higher by 9%, while cumulative sales of Land Rover are 47,292 nos., higher by 37%.
About Tata MotorsTata Motors is India's largest automobile company, with consolidated revenues of Rs. 1,65,654 crores ($ 32.5 billion) in 2011-12. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 6.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors June sales at 64,341 nos.
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in June 2012 were 64,341 vehicles, lower by 3%, over June 2011. The company's domestic sales of Tata commercial and passenger vehicles for June 2012 were 58,270 nos., lower by 5%, over 61,266 nos., sold in June last year.
Cumulative sales (including exports) for the company for the fiscal are 188,774 nos., lower by 2%, over 193,039 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in June 2012 in the domestic
market were 41,026 nos., a 4% growth, compared to 39,272 vehicles, sold
in June last year. LCV sales were 28,363 nos., a growth of 22%, compared
to 23,198 vehicles sold in June, last year. M&HCV sales stood at
12,663 nos., lower by 21%, compared to 16,074 vehicles sold in June,
last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 115,298 nos., a growth of 2% over last year. Cumulative LCV sales are 80,355 nos., a growth of 19% over last year, while M&HCV sales stood at 34,943 nos., lower by 23%, over last year.
Passenger Vehicles
Sales of passenger vehicles for June 2012 are at 17,244 nos., lower by
22% over 21,994 nos., sold in June last year. Sales of the Tata Nano
were 5,605 nos., higher by 3%, compared to 5,452 nos., sold in June,
last year. The Indica range sales were 5,332 nos., lower by 35%, over
8,188 nos., sold in June, last year. The Indigo range recorded sales of
2,658 nos., lower by 46%, over 4,882 nos., sold in June, last year. The
Sumo/ Safari/ Aria/ Venture range sales were 3,649 nos., higher by 5%,
over 3,472 nos., sold in June 2011.
Cumulative sales of passenger vehicles were 60,405 nos., lower by 7%, compared to 65,108 nos., till June last year. Cumulative sales of the Nano are flat at 22,140 nos. Cumulative sales of the Indica range are flat at 17,712 nos. Cumulative sales of the Indigo family are 9,724 nos., lower by 33%. Cumulative sales of the Sumo/Safari/ Aria/ Venture range are flat at 10,829 nos.
Jaguar Land Rover sales in India continued their upward trend.
Exports
The company's sales from exports at 6,071 vehicles in June 2012 are
higher by 19% compared to 5,094 vehicles in June last year. The
cumulative sales from exports for the fiscal at 13,071 nos., are lower
by 12%, over 14,886 nos., sold in the same period last year.
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CA. Rajesh Desai
RAJESH DESAI
Morgan Stanley on Friday cut its price target on Tata Motors to Rs 240 from Rs 291 saying there were multiple speed bumps ahead -- Jaguar Land Rover's product cycle is entering a slow phase, India's medium and heavy commercial vehicle cycle is weak and luxury vehicle environment is becoming more competitive.
Over the last couple of years, JLR has seen strong growth in emerging markets. China, for instance, now contributes 35% of its EBITDA (earnings before interest, taxes, depreciation and amortization) and is growing at 70% year-on-year according to the global investment bank. But after setting a scorching pace, things could be cooling down here.
Morgan Stanley recently conducted its third China dealer survey and there are signs of a slowdown.
Incentives are rising in the Chinese luxury vehicle market and majority (65%) of the dealers surveyed indicated that pricing environment has become more competitive than it was a year ago.
55% of dealers reported that inventories are rising. Land Rover's inventory has gone up to 30 days from 15 days.
Showroom footfalls are also falling at premium brands. Like-for-like growth for Land Rover is down to 8% in the first half of 2012 from 13% in second half last year.
Apart from slowing sales, Morgan Stanley points out that after the huge success of the Evoque SUV last year, there is not much on the production front that will surprise the street positively this year.
"Over the next two quarters product cycle will be going into a lull prior to upgrades to its Range Rover and Sport in early 2013...Evoque's performance was a positive surprise to the Street, whereas this time consensus is building in healthy growth from the Range Rover upgrades into estimates, thus the likelihood of a positive surprise is limited," it said.Meanwhile, back home, the medium and heavy commercial vehicle sector has hit a slowdown due to the overall macro-economic downturn and high interest rates. According to Morgan Stanley estimates, M&HCV sales contribute to 60% of Tata Motors' EBITDA, so a slowdown here is also a big concern. Tata Motors' M&HCV sales fell 23% to 34,943 units in April-June.
Tata Motors is down almost 26% from its 2012 high. But Morgan Stanley has maintained a "equal-weight" rating on the stock.
CLSA too had removed Tata Motors from its top five "buy" ideas this week saying, sentiment has deteriorated over the last few months with disappointments on JLR margins and non-Evoque volumes. While valuations remain attractive, it doesn't forsee any near-term triggers.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors: 10 things to watch out for in Q1 results
Tata Motors will announce its quarterly results today. The company is expected to post a net profit of Rs 2,650 crore for the quarter ended June 2012, up 33.4 per cent, boosted by a jump in LCV sales growth, according to ET Now estimates.
The company reported a Rs 2,000 crore net profit in the corresponding period of the 2011-12 fiscal year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) -- the operations profitability measure of a company -- is expected to rise by 33.4 per cent to Rs 5,650 crore against Rs 4,236 crore in the year-ago-period.
Margins for the company are seen at 13.1 per cent as compared to 13.09 per cent in the corresponding quarter of the last year.
Shares of Tata Motors have been gaining momentum in the last couple of weeks ahead of its quarterly results announcement. The stock has surged over 30 per cent over the year.
According to dealers, apart from result expectations, the stock was reacting to hopes of a rate cut that might help boost sales in the domestic market.
The company is likely to report strong quarterly results on the back of growth in Jaguar Land Rover (JLR) sales while domestic sales may hurt.
"The results are expected to be good on a year-on-year basis, led by strong growth in the Jaguar Land Rover segment. Domestic performance will be under pressure due to lower sales in MHCVs," Yaresh Kothari, Research Analyst at Angel Broking, said.
10 things to watch out for in the results:
1) Margins likely flat YoY; however, may slip QoQ.
2) Growth in LCV by 16 per cent is likely to drive domestic sales.
3) Standalone sales are likely to decline by 9 per cent dues to lower volumes (- 2 per cent) and realisations, which have come down by 7 per cent.
4) Standalone margins are seen at 8 per cent as compared to 8.4 per cent in the year-ago period
5) JLR margins seen at 13.7 per cent (down 100 bps QoQ)
6) JLR volume growth will boost revenues in Q1
7) JLR volume growth is expected in the range of 36-38 per cent
8) JLR realisations expected to decline by 3-4 per cent YoY
9) Realisations are likely to drop due to changing product mix as more Evoque sales are expected
10) Management view on margins, demand outlook in China and European markets will be keenly awaited
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors delivers 5 Tata Mine Protected Vehicles to the Jharkhand Police Force
Tata Motors has delivered 5 Mine Protected Vehicles (MPV) to the Jharkhand Police force, to bolster security preparedness.
The vehicles were handed over to Mr. Gaurishankar Rath, Director General, Jharkhand Police, in the presence of Mr. Bibhudi Bushan Pradhan, Additional Director General, Jharkhand Police, Mr. Rajkumar K Mallick, Inspector General of Jharkhand Police (Modernization and Provision) and Mr. Dinesh Parikh - Managing Director JMA Stores and Mr. Sanjeev Shrivastava, Head Government Sales JMA Stores, at the Jharkhand Police Headquarters in Ranchi, by Mr. Sandeep Saigal - Head, Defence Sales, Tata Motors.
Mr. Vernon Noronha, VP-Defence & Government Business, Tata Motors, said "Tata Motors Defence Solutions covers the complete range of logistics and armoured vehicles that have been popular in supporting the police and paramilitary forces across the country. The Tata MPV will take protection of the Jharkhand Police to the next level, even against IED's (Improvised Explosive Device) and anti-personnel mines".
For Tata Motors, this order comes close on the heels of another prestigious order already received from the Maharashtra State Police to supply 32 MPV's, which the company has executed.
The Tata MPV is based on modular flexibility, and integrates V-shaped hull blast protection technology, ideally suited for security operations. The Tata MPV will protect its occupants from threats like ambushes and sudden violent attacks, powerful explosive mines and heavy gunfire. The vehicle has high levels of mobility with combat survivability.
Tata Motors has deployed its dealer/service network in Jharkhand, in far flung inaccessible areas, catering to the requirements of the Tata MPV, ensuring easy availability of spare parts and also providing additional benefits of AMC (Annual Maintenance Packages). The Tata Motors Service network ensures maximum operational readiness & lower life-cycle maintenance cost to its defence vehicles across the country.
The company also has the ability to mobilise adequate manufacturing capacity for defence requirements, along with dedicated exclusive infrastructure, manufacturing facilities and trained manpower, to ensure faster delivery of its defence vehicles.
About Tata Motors Defence Solutions
Tata Motors has been associated with the country's off-road defence and security forces, since 1958 and has supplied over 1,00,000 vehicles to the Indian military and Paramilitary forces, so far. The company offers its products and services that not only meet the needs of the domestic market, but are also positioned to meet most stringent requirements across the world. Tata Motors exports its range of specialized defence vehicles to the SAARC, ASEAN and African regions. With Tata Motors rich portfolio in multi-axle range like 12x12, 8x8 & 6x6, the company has started supplying to leading Missile OEMs across the world. The company has established itself as a supplier of specialist vehicles for UN peacekeeping missions. Tata Motors range of off-road vehicles are also being procured by the agencies involved in AID & Development, across the world like GSA, KBR, Oxfam, RONCO, RA International & Riders. (http://www.defencesolutions-tatamotors.com)
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CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
Consolidated Net Revenue grows by 30% to Rs.43,324 crores Consolidated Financial Results for the quarter ended June 30, 2012
Consolidated PBT grows by 36% to Rs 3,183 crores
JLR declares maiden dividend post acquisition, of GBP 150 million in August, 2012
Tata Motors today reported consolidated revenues (net of excise) of Rs.43,324 crores for the quarter ended June 30, 2012, posting a growth of 30.1% over Rs.33,289 crores in the corresponding quarter of the previous year on the back of strong growth in volumes of new products and favorable market mix at Jaguar Land Rover (JLR). The Consolidated Profit before Exceptional item and Tax was Rs.3,623 crores, posting a growth of 50.8% over Rs.2,403 crores in the corresponding quarter of the previous year. The Consolidated Profit before Tax (PBT) for the quarter was Rs.3,183 crores, compared to Rs.2,346 crores for the corresponding quarter of the previous year. The Consolidated Profit/loss (after tax and post minority interest and profit in respect of associate companies) for the quarter was Rs.2,245 crores, as compared to Rs.2,000 crores in the corresponding quarter of the previous year. JLR tax expense for the quarter ended June 30, 2011, was lower consequent to utilization of past tax losses.
The Consolidated Profit for the quarter ended June 30, 2012, was impacted by Exceptional items of Rs.441 crores (loss of Rs.57 crores in corresponding period last year) on account of exchange loss (net) including on revaluation of foreign currency borrowings, deposits and loans arising from the depreciation of Indian Rupee (INR).
Tata Motors Stand-alone Financial Results for the quarter ended June 30, 2012
Tata Motors standalone revenues (net of excise) were for the quarter ended June 30, 2012 of Rs.10,586 crores as compared to Rs.11,624 crores in the corresponding period last year. Weak macroeconomic parameters, excise duty increases and poor availability of freight, resulted in pressure on volumes in the MHCV segment. Further, competitive pressures on pricing in certain commercial and passenger vehicle segments and lower volumes, impacted the operating margins. Operating margin was 7.3% for the quarter ended June 30, 2012, as compared to 8.8% for the corresponding period last year. The Operating Profit (EBITDA) stood at Rs.774 crores in the quarter ended June 30, 2012, as compared to Rs.1,020 crores in the corresponding period last year.
The PBT for the quarter ended June 30, 2012 is Rs.237 crores as compared to Rs.466 crores in the corresponding period last year and the PAT for the quarter is Rs.205 crores as compared to Rs.401 crores in the corresponding period last year. The PBT and PAT for the quarter ended June 30, 2012, were adversely impacted by exchange loss (net) including on revaluation of foreign currency borrowings, deposits and loans arising from the depreciation of Indian Rupee (INR), of Rs.161 crores (Gain of Rs.2 crores in corresponding period last year).
Tata Motors' sales (including exports) of commercial and passenger vehicles for the quarter ended June 30, 2012, stood at 190,483 units, representing a decline of 3.6%, as compared to the corresponding period last year.
In the domestic market, the Company's Commercial vehicles sales for the quarter ended June 30, 2012, stood at 114,710 units, a growth of 1.3% over the corresponding period last year. Growth was driven by small commercial vehicles and was supported by improved production through our facilities in Pantnagar and Dharwad. The Company's market share in commercial vehicles was 56.2% for the quarter ended June 30, 2012.
In the domestic market, the Company's Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India, stood at 62,619 units for the quarter ended June 30, 2012, a decrease of 9.9% over the corresponding period last year. The Company continues focus on marketing initiatives and network actions and the sales & service process. The market share in Passenger vehicles for quarter ended June 30, 2012, stood at 9.8%.
Jaguar Land Rover PLC - (figures as per IFRS)
Jaguar Land Rover Sales for the quarter ended June 30, 2012, grew 34.4% to 83,452 units. Of this, the Jaguar volumes for the period stood at 11,774 units and Land Rover volumes stood at 71,678 units. Growth in volumes was driven by sales of the new Range Rover Evoque and strong demand from China, which grew 91% year-on-year. Sales from the China region comprised 22.2% of total volumes for the quarter ended June 30, 2012, as against 15.7% for the corresponding period last year.
Revenues for the quarter ended June 30, 2012 of GBP 3,638 million, represented a growth of 34.6% over GBP 2,703 million in the corresponding quarter last year. Operating margins for the quarter ended June 30, 2012, stood at 14.5% and an Operating Profit (EBITDA) of GBP 527 million in the quarter, a growth of 45.6% over GBP 362 million in the corresponding quarter last year. Continued strong revenue and operating profit performance were supported by demand for new products, improved market mix, and favourable exchange rate environment. The PBT for the quarter is GBP 333 million (GBP 251 million in the corresponding quarter last year) and the PAT for the quarter is GBP 236 million (GBP 220 million in the corresponding quarter last year).
In August 2012, JLR declared a dividend of GBP 150 million (equivalent to Rs 1,290 crores).
Tata Daewoo
Tata Daewoo Commercial Vehicles Co. Ltd. registered net revenues of KRW 217 billion and recorded a Net profit of KRW 3 billion in the quarter ended June 30, 2012.
Tata Motors Finance
Tata Motors Finance Ltd, the Company's captive financing subsidiary, registered net revenue from operations of Rs.623 crores and reported a Profit After Tax of Rs.73 crores the quarter ended June 30, 2012.
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CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors, India's largest automobile company, enters Indonesia
- Operations through wholly owned Jakarta-based subsidiary, PT Tata Motors Indonesia
- Commercial launch and local assembly in 2013
- Country-wide dealer network being established for sales, service and spare parts
- Plans for development of components locally with Indonesian vendors
Tata Motors, India's largest automobile company, today announced its entry into Indonesia, the largest automobile market in the ASEAN. The company has set up a wholly owned Jakarta-based subsidiary, PT Tata Motors Indonesia, and will foray into both passenger and commercial vehicles.
Indonesia
is a key market for Tata Motors, which has a wide range of products
from small cars to buses in passenger vehicles and from 0.5T mini-trucks
to 49T heavy trucks in commercial vehicles. The company will begin to
launch its products in 2013, for which extensive preparations are now
on.
Commenting on the company's Indonesia entry, Mr. Karl Slym, the Managing Director of Tata Motors, has said, "We are happy and honoured to be in Indonesia. As elsewhere in the world and as is the Tata practice, we will function in Indonesia as an Indonesian company, responsive to and inspired by the needs and aspirations of the Indonesian customer and contributing to the communities among which we operate. We will establish deeply rooted local operations and will grow in tandem with the prosperity of the country and its people."
Speaking in Jakarta, Mr. Ravi Pisharody, Executive Director (Commercial Vehicles) of Tata Motors, said, "Our portfolio is globally benchmarked. We are confident that our vehicles will be a smart choice for the discerning customers of Indonesia. Based on customer feedback, we will progressively introduce relevant passenger and commercial vehicles, backed by appropriate distribution and service infrastructure such that we are closest to our customers."
Elaborating on the plans, Mr. Biswadev Sengupta, President Director of PT Tata Motors Indonesia,
said, "Our research is showing that there is a large opportunity for
Tata vehicles in Indonesia, with operating conditions and customer needs
being very similar to those in India. We are very confident of
providing smart mobility solutions. At present, our focus is in
creating a very robust service and spares support network."
By the time of the launch, PT Tata Motors Indonesia will have about 10 to 15 dealers nationwide, offering sales, service and spare parts. Over a period of three years, the company will set up a country-wide network of about 60 full-service dealers, about 100 other workshops and about 300 more spare parts retailers.
The company is also evaluating options for setting up a manufacturing base in Indonesia to serve the country and the ASEAN region. Significant investments will also be planned for component localisation.
The company is participating in the 20th Indonesia International Motor Show, starting in Jakarta on September 20. The company will display 14 Tata passenger and commercial vehicles, being considered for introduction in Indonesia progressively. The display includes a special green pavilion of Tata CNG vehicles, whose need is growing in Indonesia.
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CA. Rajesh Desai
RAJESH DESAI
Jaguar Land Rover invests 370m pounds in new Range Rover operations.
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CA. Rajesh Desai
RAJESH DESAI
Last wage negotiations took place 2 years ago
Will negotiate directly with workers on any issue
Committed to increasing jobs in the UK
Union demands 5000 temporary workers be made permanent
Have demonstrated commitment to UK in terms of investment
Plan to build a state of the art engine plant in the UK
Proposed plant to create over 1000 jobs at Birmingham UK
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors launches 'Nano: Art in Motion'
The first Nano Art Car will be painted by the famous artist, Ms. Sangeeta Babani
Tata Motors today announced the launch of the 'Nano: Art in Motion',
for all Tata Nano fans, in association with well-known artists. Being
designed to celebrate life, creativity, freedom and the spread of
culture; Nano: Art in Motion will feature the Tata Nano as its canvas,
with the inaugural Art Car being painted by renowned artist, Ms.
Sangeeta Babani. A self taught artist from Mumbai, Ms. Sangeeta Babani,
will start transforming the car from September 14 -16, 2012, at the
Palladium Courtyard of the High Street Phoenix, Mumbai.
Launching Nano: Art in Motion, Ms. Delna Avari, Head (Nano Product Group), Tata Motors, said, "The Tata Nano is a true innovation and a fun car, and art is all about having fun with colors, creativity and personal expression. Through this initiative, we are marrying art and utility to showcase a series of Tata Nanos', which will be embellished with varying theme-based imagery, further accentuating the brand's personality as a potent personal symbol. The first art car will focus around the theme of celebration. We are delighted to have Ms. Sangeeta Babani as part of the kickoff to this exciting new series."
Excited about painting on the Tata Nano, Ms Sangeeta Babani plans to interpret the theme of celebration using her signature blend of realism and abstractionism, set to the vibrant color palette for which her art is known to follow. She will be assisted by Mr. Anil Dingankar, a young and upcoming artist.
Once
painted, the colourful Tata Nano will tour the city during the upcoming
Ganesh Chaturthi festivity, visiting pandals and popular Mumbai
destinations. Besides the pandals, the colorful Nano will also visit
orphanage homes and children's schools to spread happiness.
All Tata Nano fans can participate in this celebration by registering in the contest "Catch the Art Nano" where keen observers of the Art Nano can upload their photos of the car, taken during its tour of the city, to a special Facebook application on the Nano's FB fan page. The fan with the best shot of the Art Nano will be selected for a special visit by the car!
All art lovers and Nano fans can follow Nano: Art in Motion on www.tatanano.com/nanoartinmotion, which will be live from 14th September. For further details on the first Nano Art Car, including special photos, film footage of the car's creation and an interview with Ms. Sangeeta Babani. Fans can return to this site throughout the Art Nano series.
About Sangeeta Babani
Ms. Sangeeta Babani was raised in Spain, a country with rich cultural heritage. Imbibing Spanish art and culture during her growing years led her to the ultimate initiation into Indian art and culture when she settled in Mumbai after marriage.
Sangeeta veers from figurative realistic to semi-abstract depiction, landscape to abstraction as the mood takes her. There are no straight answers and that is the beauty of life, is her firm belief; this philosophy is celebrated in her canvases with an exuberance of colour and emotion.
Characterised by an ambiguity, simultaneously introspective and impressionist in nature, her paintings come alive with vibrant hues and multiple thoughts in an engaging narrative. Interpretation becomes subjective and distinct from one viewer to another. The artist celebrates her journey to the unknown, leaving the onlooker to pursue his.
About Anil Dingankar
A Young, upcoming artist, Anil Dingankar is the alumni of premier institutions of Mumbai, LS. Raheja School of Art & Sir. J. J. School of Art, having accomplished his Post Graduate Diploma in Art Education from the latter only three years ago. Open to research and experimentation, Anil has been dabbling in various mediums and is as adept at paintings as he is at murals. The young lad has been working on various architectural and interior projects, where he incorporates experiential aesthetics into the ambience via functional works of art.
Quick grasping ability, attention-to-detail and 5-6 years of on-field exposure makes Anil is a pro at successfully accomplishing any project he chooses to associate with. He has several awards and accolades to his credit.
Both Sangeeta and Anil's works are curated by the Pradarshak gallery in Khar, Mumbai, a small boutique gallery specializing in both the emerging and established art scene.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors receives largest ever single order of 1314 trucks from India's largest fleet owner
Tata Motors has received its largest ever single order for commercial vehicles from Siddhivinayak Logistics Ltd. (SVLL), to supply 1,314 trucks to be delivered during the financial year. The order coincided with the launch of an innovative scheme by SVLL, meant for the well-being of their drivers, called 'Chalak se Malak'.
The order includes two recently launched products, the New Tata PRIMA 4923 - LX and the Tata LPT 3723, the first 5-axle rigid truck in the country.
Based in Surat, SVLL is India's largest fleet owner, with a fleet size of over 4,000 commercial vehicles. The company operates across diverse segments, like steel, cement, tractors, chemicals, machinery, and is a pioneer in new segments like commercial vehicle chassis carriers.
Speaking on the occasion, Mr. R. C. Baid, Founder and Chief Mentor, Siddhivinayak Logistics Ltd said, “We have been using Tata vehicles for decades and are pleased with the quality, engagement and after-sales services. We appreciate the commitment by Tata Motors in helping us become a specialist and India’s fastest growing surface transport company. Through this order we further strengthen our relationship with Tata Motors.”
Speaking on the occasion, Mr Vinod Sahay, Head - Sales & Marketing, Medium and Heavy Commercial Vehicles, Tata Motors, said: “We are delighted that our association with M/s. SVLL continues unabated. We are honoured to receive this prestigious order and are committed to deliver these vehicles this fiscal year. We thank the company for their continued trust and patronage of our brand”.
The New Tata PRIMA 4923 - LX is from the new 230 HP range of PRIMA trucks, was launched to extend the PRIMA advantage to many more transporters who require a lower power-to-weight ratio. These vehicles are fitted with a Cummins ISBe electronic engine with common rail injection, for efficient fuel injection. This comes with India’s first indigenously developed 9-speed gearbox from Tata Motors with an overdrive function which provides superior fuel efficiency. These vehicles are also coupled with a 430 mm diameter organic clutch and 10-T rear axle to deliver a balanced and robust drive train. The Tata PRIMA LX cabin comes with an optional AC, 4 point suspension for reduced vibration and double sleeper bunks to provide maximum comfort to the driver.
The Tata LPT 3723 is the first 5-axle rigid truck in the country and will be the next big game changer in the Indian commercial vehicle industry. This truck can carry around 4.5 tonnes more than the existing 31 tonne MAV (Multi-axle vehicle) segment. As a result, it is all set to radically change the economics of transportation in multiple segments by reducing the cost per Tonne-Km of transportation. It is powered by a Cummins 6BT 5.9L engine (155 kW power at 2500rpm), twin steerable front axles, a twin-drive axle and a tag-lift axle: the only truck to have such a technology, reducing tyre and fuel costs. The turning circle diameter of 21.9 metres makes it more maneuverable.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors -Aug'12 JLR sales up 13% y/y, down 8% m/m; older Range Rover is phased out ::JPMorgan,
JLR sales at 24,060 units were up 13% y/y, but down 8% m/m) – while
Land Rover sales increased by 18% y/y, Jaguar sales declined by 13% y/y.
Land Rover (LR) sales of 21,100 units (+18% y/y, -8% m/m): LR
sales were affected by the phasing out of the Range Rover, as the OEM
is launching the new model in October. Management reiterated that the
demand environment is holding up and sales should pick up in 2H.
While Jaguar sales of 2,960 units declined 13% y/y (-2% YTD), the
OEM will be launching new variants across markets, over 2H FY13, to
stimulate growth.
Retail sales in the US rose 31% y/y to 4,756 units, according to
Bloomberg data.
JLR is rolling out the fourth-generation Range Rover, based on the
premium lightweight architecture (PLA) platform, which has an allaluminum
body structure. The new model will be launched in October
2012, followed by the Range Rover Sport in 2013. Range Rover vehicles
accounted for ~35% of LR’s sales in FY12 (unit sales of ~87,000).
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AVNESH K JADAV
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors, India's largest automobile company, is reportedly all set to enter the Latin American market by setting up an assembly facility in Mexico.
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors slashes Indica eV2 price by Rs 23,000
Tata Motors on Tuesday cut the prices of its compact car Indica eV2 by Rs 23,000 with the launch of a refreshed version, at a time when other auto makers have either raised their product rates or... »Tata Motors September sales at 75,773 nos.
Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in September 2012 were 75,773 vehicles, lower by 4%, over September 2011. The company's domestic sales of Tata commercial and passenger vehicles for September 2012 were 70,332 nos., lower by 3%, over 72,566 nos., sold in September last year.
Cumulative sales (including exports) for the company for the fiscal are 409,898 nos., higher by 3%, over 399,661 nos., sold last year.
Commercial Vehicles
The company's sales of commercial vehicles in September 2012 in the domestic market were 48,680 nos., a 5% growth, compared to 46,247 vehicles, sold in September last year. LCV sales were 33,393 nos., a growth of 19%, compared to 28,092 vehicles sold in September last year. M&HCV sales stood at 15,287 nos., lower by 16%, compared to 18,155 vehicles sold in September last year.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are 251,507 nos., a growth of 3% over last year. Cumulative LCV sales are 173,810 nos., a growth of 18% over last year, while M&HCV sales stood at 77,697 nos., lower by 19%, over last year.
Passenger Vehicles
Sales of passenger vehicles for September 2012 are at 21,652 nos., lower by 18%, over 26,319 nos., sold in September last year. Sales of the Tata Nano were 5,491 nos., higher by 87%, compared to 2,936 nos., sold in September last year. The Indica range sales were 7,936 nos., lower by 23%, over 10,282 nos., sold in September last year. The Indigo range recorded sales of 3,706 nos., lower by 52%, over 7,793 nos., sold in September last year. The Sumo/ Safari/ Aria/ Venture range sales were 4,519 nos., lower by 15%, over 5,308 nos., sold in September last year.
Cumulative sales of passenger vehicles were 130,642 nos., higher by 4%, compared to 125,448 nos., sold till September last year. Cumulative sales of the Nano are at 39,623 nos., higher by 35%, over 29,377 nos., sold till September last year. Cumulative sales of the Indica range are at 42,091 nos., higher by 2%, over last year. Cumulative sales of the Indigo family are 23,875 nos., lower by 26%, over last year. Cumulative sales of the Sumo/Safari/ Aria/ Venture range are 25,053 nos., higher by 11%, over last year.
Exports
The company's sales from exports at 5,441 vehicles in September 2012 are lower by 12%, compared to 6,217 vehicles, in September last year. The cumulative sales from exports for the fiscal are 27,749 nos., lower by 11%, over 31,078 nos., sold in the same period last year.
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CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
Tata Motors' Defence Solutions delivers 21 Light Armoured Troop Carriers to Gujarat Police Force
Tata
Motors Defence Solutions has delivered 21 Light Armoured Troop Carrier
vehicles to the Gujarat Police, for strengthening its security
preparedness.
Tata Motors Defence Solutions recently delivered 32 Mine Protected Vehicles (MPV) to the Maharashtra State Police, 5 MPVs to the Jharkhand State Police and another 122 Tata Light Armoured Troop Carriers to the central armed police forces.
Mr. Vernon Noronha, Vice President - Defence & Government Business, Tata Motors, said "Tata Motors' Defence Solutions covers the complete range of logistics and armoured vehicles that have been popular in supporting police and paramilitary forces across the country. The Tata Light Armoured Troop Carrier will enable comfortable movement of troops across the state."
Equipped with a powerful engine and a 4X4 All-Wheel drive system, the Tata Motors Light Armoured Troop Carrier comes with protection on all sides and can crack down a situation with deadly accuracy. These vehicles are fit with splinter-proof & bullet-proof glass, explosion suppression material in the fuel tank and suspended seats.
Tata Motors' Defence Solutions offers its customers a wide range of vehicles, in the light, medium and heavy category. These include Logistics, Tactical, Armoured and Specialist vehicles.
The Tata Motors Service network ensures maximum operational readiness & lower life-cycle maintenance cost to its defence vehicles across the country. The Sampoorna Seva Package - Annual Maintenance Contract provides overall maintenance facilities, repair services, genuine spares and breakdown services for Tata Motors' complete range of defence vehicles.
The company also has the ability to mobilise adequate manufacturing capacity for defence requirements, along with dedicated exclusive infrastructure, manufacturing facilities and trained manpower, to ensure faster delivery of its defence vehicles.
CA. Rajesh Desai
RAJESH DESAI
PFA
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CA. Rajesh Desai
RAJESH DESAI
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CA. Rajesh Desai
Rajesh Desai
Tata Motors enters Bangladesh's new car market
Tata Motors today made its maiden entry in the Bangladesh new car market, introducing two sedans and a hatchback. They are the Tata Indigo eCS, India's most fuel-efficient compact sedan, the Tata Indigo Manza, a luxury sedan, and the Tata Indica Vista hatchback, with class defining space. The Manza and the Vista are born out of Tata Motors' new car platform.
Speaking on the introduction of the passenger cars in Bangladesh, Mr. Karl Slym, Managing Director, Tata Motors, said, "We are happy and honoured to enter Bangladesh with our passenger cars. Our 40-year association with Bangladesh has given us an insight into the aspiration of the country's motorists. They will be central to our business - we will delight them with the performance of our cars and the comfort and excellence of our service, and establish ourselves as we have in commercial vehicles since 1972."
Mr. Johnny Oommen, Head, International Business, Passenger Cars, said, "Bangladesh's customers for new cars demonstrate high discernment. They will see that reflected in our cars. Our service will be easy-to-reach and prompt."
Mr. Abdul Matlub Ahmad, Chairman, of the company's distributor, NITOL Motors, said, "Our association with Tata Motors goes back over two decades, and we are extremely happy that, in addition to commercial vehicles, Tata Motors has now placed their confidence in us to market their passenger cars and utility vehicles. We share Tata Motors' commitment to its customers in building a business for perpetuity."
To begin with, they will be available in Dhaka with one showroom. By 2013, three other cities will be covered, with a showroom each.
Tata Motors has a 40-year heritage in Bangladesh, having introduced its buses in 1972. There are about 53,000 Tata commercial vehicles on Bangladesh roads. The company is today the market leader with a 70% market share.
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CA. Rajesh Desai
Rajesh Desai
Tata Motors goes back to drawing board
Deep in Tata Motors' largest factory, engineers don 3D glasses to play with car designs and prototypes projected from a 10-metre wide computer screen. Their quest? The automaker's next blockbuster car model. Full Article
Tata Motors Limited - ANTIQUEJLR dealers’ feedback (Europe/UK)
We met a few JLR dealers in Europe/UK during our recent marketing roadshow. Land Rover dealers were extremely enthused by the response to the new Range Rover (waiting periods ranging between 9-13 months). Dealers cited that this product upgrade was long overdue given that competitors were upgrading every 3-4 years. They were also elated about the Evoque opening up their customer base to a whole new type of buyer (a more urban crowd which was relatively untapped earlier). This reinforced our positive view on JLR. Reiterate BUY!
Want the new Range Rover? Wait till January 2014!
We met a few JLR dealers in Paris, Frankfurt, and London. Across dealers, waiting period on the new Range Rover was ranging between 9-13 months. This was encouraging given that the vehicle wasn't even on display in some of the showrooms (most dealers were expecting it in the coming week). Testimony to the brand loyalty, a sizeable portion of bookings (almost 20%) were received even before the new model was unveiled by the company (the booking amount is ~GBP1,000).
Dealers cite that this product upgrade was the need of the hour. While the Land Rover brand is synonymous for being the "definitive SUV", they previously seem to have been a little complacent with the product (the flagship Range Rover had not seen a meaningful upgrade in 11 years, while competitors like Porsche Cayenne, Merc GL, etc. were upgrading every 3-4 years).
Evoque opens the LR brand to a whole new market
LR dealers were particularly pleased about the Evoque opening up their potential customer base to a whole new type of buyer (a younger/more urban crowd, women), who never previously considered Land Rover as an option. Given the price points, one would think that the Evoque would have cannibalized the Freelander to some extent, but that hasn't been the case as both vehicles appeal to completely different buyers.
For Jaguar, while the newly launched F-type also enjoys a 5-month order backlog, it's not expected to be a significant volume driver given the niche segment. However, Jag dealers cite that the entry-level sedan (to be launched in FY15) would fill a huge gap in the product portfolio, and hence remains the biggest volume catalyst for Jaguar.
Reiterate BUY!
With all Land Rover platforms due for a significant upgrade over the next 4-5 years, JLR's product life cycle is at its sweetest spot. Also, while the outlook for the domestic business is weak, street expectations from the same have reduced more than proportionately. This was most evident in 2Q - the domestic business slipped into a loss, but it didn't break any hearts. From a stock perspective, this is a good place to be. Reiterate BUY with a target of INR353.
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CA. Rajesh Desai
CA. Rajesh Desai
Rajesh Desai
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CA. Rajesh Desai