TATA MOTORS LTD/FI Form 20-F Filed 2021-06-28
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SECURITIES AND EXCHANGE COMMISSION FORM 20-F Annual and transition report of foreign private issuers pursuant to sections 13 or 15(d) Filing Date: 2021-06-28 | Period of Report: 2021-03-31 SEC Accession No. 0001193125-21-202050 (HTML Version on secdatabase.com) FILER TATA MOTORS LTD/FI Business Address 24 HOMI MODY ST CIK:926042| IRS No.: 000000000 HUTATMA CHOWK K7 Type: 20-F | Act: 34 | File No.: 001-32294 | Film No.: 211053884 400001 SIC: 3711 Motor vehicles & passenger car bodies Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report For the transition period from to Commission file number: 001-32294 TATA MOTORS LIMITED (Exact name of Registrant as specified in its charter) N/A (Translation of Registrants name into English) Bombay House 24, Homi Mody Street Republic of India Mumbai 400 001, India (Jurisdiction of incorporation or organization) (Address of principal executive offices) H.K. Sethna Tel.: +91 22 6665 7219 Facsimile: +91 22 6665 7790 Email: [email protected] Address: Bombay House 24, Homi Mody Street Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Mumbai 400 001, India (Name, Telephone, Email and/or Facsimile number, and Address of Company Contact Person) Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of Each Exchange On Which Registered Ordinary Shares, par value Rs.2 per share* TTM New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: A Ordinary Shares, par value Rs.2 per share (Title of Class) Indicate the number of outstanding shares of each of the issuers classes of capital or common stock as of the close of the period covered by the annual report: 3,320,307,765 Ordinary Shares and 508,502,896 A Ordinary Shares, including 353,715,165 Ordinary Shares represented by 70,738,981 American Depositary Shares (ADSs), outstanding as of March 31, 2021. Each ADS represents five (5) Ordinary Shares as of March 31, 2021. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☒ Yes ☐ No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. ☐ Yes ☒ No Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definition of large accelerated filer, accelerated filer, and emerging growth company in Rule 12b-2 of the Exchange Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Emerging growth company ☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards1 provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its managements assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing. U.S. GAAP ☐ International Financial Reporting Standards as Other ☐ issued by the International Accounting Standards Board ☒ If Other has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 ☐ Item 18 ☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☐ No ☐ * Not for trading, but only in connection with listed American Depositary Shares, each representing five (5) Ordinary Shares. 1 The term new or revised financial accounting standard refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents In this annual report on Form 20-F, each of the following terms has the meaning ascribed to it below: ADR means an American Depositary Receipt evidencing one or more ADSs; BSIV means Bharat Stage IV, a Bharat stage emission standard instituted by the Government of India; BSVI means Bharat Stage VI, a Bharat stage emission standard instituted by the Government of India; CNG refers to compressed natural gas; Commercial Vehicles or CVs means vehicles in the commercial vehicle segment, including SCV & Pickups, MHCVs, ILCVs and CV Passenger Vehicles; Companies Act refers to the Indian Companies Act, 2013, as amended from time to time, unless stated otherwise; Company refers to Tata Motors Limited; Core auto entities means investment in equity accounted investees related to the automotive sector of the Company; Crores refers to ten million Rs; CV Passenger Vehicles means commercial Passenger Vehicles, which are passenger carriers in the Commercial Vehicle segment; Earnings Before Other Income, Interest and Tax is a non-IFRS measure and means earnings before share of profit/(loss) of equity accounted investees (net), Loss/(gains) on sale/write-off of assets and others (net), other income/(loss) (net), foreign exchange gains/(loss) (net), interest income, interest expense and Income tax (expense)/credit; Euro, EUR and mean the currency issued by the European Central Bank; Fiscal means our fiscal year ending on March 31 of that year; Free Cash Flow is a non-IFRS measure that equals cash flow from operating activities, less payment for property, plants and equipment and intangible assets, add proceeds from sale of property, plant and equipment, less interest paid, add interest received, add dividend from equity accounted investees of core auto entities and less investment in equity accounted investees of core auto entities; GBP means the British pound, the lawful currency of the United Kingdom; GVW means gross vehicle weight; IFRS means the International Financial Reporting Standards and its interpretations as issued by the International Accounting Standards Board; ILCVs means intermediate and light Commercial Vehicles, which are vehicles that have a GVW between 3.5 metric tons and 12 metric tons; Ind AS means the Indian Accounting Standards; Indian GAAP means the accounting principles generally accepted in India; Indian rupees and Rs. mean the lawful currency of India; JLR means Jaguar Land Rover; Korean won means the lawful currency of South Korea; Lakhs refers to one hundred thousand Rs; Liters means the measurement equivalent to 61.02 cubic inches of volume, or approximately 1.057 U.S. quarts of liquid measure; LPG refers to liquified petroleum gas; Metric tons or tons is a measurement equal to 1,000 kilograms or approximately 2,200 pounds; MHCVs means medium and heavy Commercial Vehicles, which are vehicles that have a GVW of over 12 metric tons; Millimeters or mm means the measurement equal to 1/1000 of a meter. A meter is equal to approximately 39.37 inches and a millimeter is equal to approximately 0.039 inch; Passenger Cars means vehicles that have a seating capacity of up to five persons, including the driver, that are further classified into the following market categories: Compact length between 3,600 mm and 4,000 mm; Executive length between 4,500 mm and 4,700 mm; Luxury length above 5,000 mm; Micro length up to 3,200 mm; Mid-size length between 4,250 mm and 4,500 mm; Mini length between 3,200 mm and 3,600 mm; Premium length between 4,700 mm and 5,000 mm; and Super Compact length between 4,000 mm and 4,250 mm; i Copyright © 2021 www.secdatabase.com.