DOCSLIB.ORG

Towards Tomorrow

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Towards Tomorrow TOWARDS TOMORROW BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI 400 001 www.tatamotors.com Tata Motors Jamshedpur Manufacturing Facility 71st ANNUAL REPORT 2015-2016 WHAT’S INSIDE CORPORATE OVERVIEW STATUTORY REPORTS 01 Mission, Vision and Values 46 Notice 02 Corporate Information 74 Board’s Report 04 Chairman’s Message 118 Management Discussion & Analysis 06 Managing Director’s Message 166 Corporate Governance Report 08 Board of Directors 185 Business Responsibility Report 12 Highlights 16 Innovation at Tata Motors FINANCIAL STATEMENTS Standalone Financial Statements Jaguar Land Rover’s Business 18 Design Language The strengths of Jaguar Land Rover F.1 Independent Auditors’ Report 20 Product Sustainability include iconic globally positioned F.8 Balance Sheet brands, a strong product portfolio 22 Connected Vehicles of award winning luxury and high F.9 Statement of Profi t and Loss performance cars and premium 24 Advances in Engines all-terrain vehicles, a global F.10 Cash Flow Statement 26 Corporate Social Responsibility distribution network, strong product F.12 Notes to Accounts development and engineering 30 Awards + Accolades capabilities and a strong 32 Presence Across Markets Consolidated Financial Statements management team. F.43 Independent Auditors’ Report 34 Financial Performance F.48 Balance Sheet 38 Summarised Balance Sheet and Statement of Profi t and Loss F.49 Statement of Profi t and Loss (Consolidated) F.50 Cash Flow Statement 40 Summarised Balance Sheet and Statement of Profi t and Loss F.52 Notes to Accounts (Standalone) Subsidiary Companies 42 Funds Flow — Last Five Years F.87 Financial Highlights 43 Financial Statistics ANNUAL GENERAL MEETING Tata Motors’ Business Date: Tuesday, August 9, 2016 Time: 3.00 p.m. Tata Motors have progressed in key Venue: Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, areas of engineering, manufacturing, Mumbai 400 020 world-class sales and service support, for an overall superior customer experience. 71st Annual Report 2015-16 MISSION VALUES We innovate, with passion, mobility solutions to enhance • Integrity quality of life • Teamwork • Accountability • Customer Focus • Excellence • Speed VISION As a High Performance Organization, we are, by FY2019 • Among the Top 3 in Global CV and Domestic PV • Achieving Sustainable Financial Performance • Delivering Exciting Innovations 01 CORPORATE INFORMATION CHAIRMAN EMERITUS Mr Ratan N Tata BOARD OF DIRECTORS Mr Cyrus P Mistry Mr Mayank Pareek Non Executive Director and Chairman President (Passenger Vehicle Business Unit) Mr N N Wadia Non Executive, Independent Director Dr Timothy Leverton President and Head, Dr R A Mashelkar Advanced and Product Engineering Non Executive, Independent Director Mr Gajendra Chandel Mr S Bhargava Chief Human Resource Officer Non Executive, Independent Director Mr Shailesh Chandra Mr N Munjee Vice President Corporate Strategy Non Executive, Independent Director & Business Transformation Mr V K Jairath Ms Minari Shah Non Executive, Independent Director Head - Corporate Communications Ms Falguni Nayar (Associate Member of ExCom) Non Executive, Independent Director Dr Ralf Speth OTHER SENIOR MANAGEMENT Non Executive Director Mr Prasann Chobe Mr Guenter Butschek Sr Vice President CEO and Managing Director (Head Mfg Operations, CVBU) Mr Ravindra Pisharody Mr Girish Wagh Executive Director (Commercial Vehicles) Sr Vice President (PPPM, PVBU) Mr Satish Borwankar Mr Abhijit Gajendragadkar Executive Director (Quality) Sr Vice President (Business Planning and Controlling) ExCom Mr R Ramakrishnan Sr Vice President Mr Guenter Butschek (Product Strategy and Planning & Customer Value) CEO and Managing Director Mr Nagesh Pinge Mr Ravindra Pisharody Vice President (Internal Audit) Executive Director (Commercial Vehicles) COMPANY SECRETARY Mr Satish Borwankar Executive Director (Quality) Mr H K Sethna Mr C Ramakrishnan Group Chief Financial Officer 02 71st Annual Report 2015-16 Corporate Information Chairman’s Message Managing Director’s Message Board of Directors (02-03) REGISTERED OFFICE WORKS Bombay House, 24, Homi Mody Street, Mumbai 400 001 Jamshedpur Tel: +91-22-66658282 Pune Fax: +91-22-66657799 Lucknow Email: [email protected] Pantnagar Website: www.tatamotors.com Sanand Dharwad AUDITORS Deloitte Haskins & Sells LLP SHARE REGISTRARS (Registration No. 117366W/W — 100018) TSR Darashaw Limited 6-10, Haji Moosa Patrawala Industrial Estate 20, Dr E Moses Road, Mahalaxmi, Mumbai 400 011 CORPORATE IDENTITY NUMBER (CIN) Tel: +91-22-66568484 L28920MH1945PLC004520 Fax: +91-22-66568494 Email: [email protected] Website: www.tsrdarashaw.com BANKERS Allahabad Bank ICICI Bank Andhra Bank IDBI Bank Bank of America Indian Bank Bank of Baroda Kotak Mahindra Bank Bank of India Karur Vysya Bank Bank of Maharashtra Punjab National Bank Central Bank of India Standard Chartered Bank Citibank NA State Bank of India Corporation Bank State Bank of Mysore Deutsche Bank State Bank of Patiala Federal Bank Union Bank of India HDFC Bank United Bank of India Hongkong and Shanghai Banking Corporation 03 Corporate Overview Statutory Reports Financial Statements CHAIRMAN’S MESSAGE Dear Shareholders, country. The shadow of NPAs continue to haunt the Indian financial The Financial Year 2015-16 was one of continued global volatility sector even as the sector is all set to grow with new financial across different markets. The fall in oil prices and commodities institutions. have had varied impact across different companies and countries. The China slowdown continues to be an important global For the Tata Motors Group, 2015-16 was a year of mixed results but economic factor. it was important to note the return to profitability. It was therefore a turnaround year, backed by strong Jaguar Land Rover growth The news was more positive for India with robust GDP growth, despite challenges, as well as the start of the turnaround for Tata making the country one of the fastest growing economies Motors standalone. worldwide. The sustained start-up environment has also played an important role in bringing in global and domestic investment, Jaguar Land Rover continued to show strong global sales, despite opening up new opportunities and also helping to carry economic the China slowdown. It showed a strong growth in the key markets development beyond just the tier one cities. Moreover, there is, of North America and Europe. Its strong revenue growth reflected rightly so, a greater thoughtfulness towards investing in new or the demand for the new models such as Land Rover Discovery emerging companies with a greater attention to the right business Sport, Jaguar XE and XF, that helped the Company add new models. This is a positive sign of a more mature and responsible customers to both brands across UK, Europe and North America. economy. Jaguar Land Rover’s solid financial performance through last year was clearly showcased by its selling more than half a million cars in Nonetheless there remain key challenges. The continued delay of one year for the first time. some of the tax reforms continue to pose operational bottlenecks in a more streamlined movement of goods and services across the Last year, it thus produced and sold more cars than at any time in its history. Its vehicles have received more than 140 awards for design, technology, safety and environmental sustainability. Besides winning the accolade of ‘Best UK Employer’ by Bloomberg, Jaguar Land Rover is one of the UK’s largest exporters, with more than 80 percent of its revenue coming from exports. There was good news for the Tata Motors standalone business as well. Tata Motors M&HCV business showed sustained growth for a year to lead the turnaround of the Indian business. Within this while some segments like the multi-axle vehicles and tractor Jaguar Land Rover’s solid financial performance through last year was clearly showcased by its selling more than half a million cars in one year for the first time. Last year, it thus produced and sold more cars than at any time in its history. 04 71st Annual Report 2015-16 Corporate Information Chairman’s Message Managing Director’s Message Board of Directors (04-05) trailers emerged as the key growth drivers, the tipper segment saw strong improvement in the JD Power Customer Satisfaction also started showing signs of recovery with demand coming Index, as we moved up to the third rank in the industry. primarily from coal mining regions. After the launch of advanced new platforms like Prima and Ultra, the launch of Signa in the last We are all becoming used to unpredictable and dynamic market quarter of 2015-16 ensures that we lead from the front in bringing environments, learning to manage by anticipating customer the most advanced technology to mainstream trucking. We expect needs, leveraging strong processes and building competitive this growth to sustain especially with the planned infrastructure product portfolios and networks. The new financial year will not projects now getting into execution. Strong GDP growth and be any different in the challenges it will pose, especially as the consumer sentiment will also help sustain this momentum as will continued sway of technology is impacting the entire industry as the upcoming regulatory changes. consumer behaviour undergoes significant change. The recent Brexit Referendum will also add some uncertainty to the world of As one of the world’s largest bus manufacturers, with the most global business, but we are confident we can see through it with complete range of transit vehicles, meeting careful
Load more

Recommended publications
  • Feature Feature
    FEATUREFEATURE 03 evo India | MarchMay 2016 2016 www.motorsport.evoindia.comwww.evoindia.com | evo India 0427 FEATUREFEATURE 24 HOURS WAS JUST THE STARTING POINT AND THE CARS WERE DRIVEN NON-STOP, WITHOUT A BREAK, FOR ... WAIT FOR IT ... 50,000KM PAST THE CHEQUERED FLAG TO in Ahmednagar, clocking 3082km and proving the Above: Nagbhushan the VRDE's high-speed banking then they surely had to the challenge, setting up an entire refuelling bay at Top: The Geared for the frenzied cheering of three dozen quality, reliability and strength of a car that, in the Gubbi, head of the chops to become best sellers in the days to come. the venue. It was also essential to get the best quality Great team is set to technicians, drivers, time keepers, years to come, went on to become the best-selling engineering, Tata A completely Indian effort rubber on board and that's where JK Tyre stepped in kick off proceedings P Motors PVBU ERC flags at the VRDE. marshals, officials and support staff car in the nation. This FMSCI-ratified record stood The event was conceived by Motorsport India's with their new generation tyres. JK Tyre Motorsport Above: off the first car, the Breaking the first 24- who had made the VRDE their home for the past two for nearly 13 years as attempts to beat it have failed Zest, which is followed contributing editor Adil Jal Darukhanawala along also brought along their entire roster of racing and hour records that stood and a half weeks. “Adil, you have created history”, to get the proper sanction of the governing bodies to by the Bolt and the with his team at Zeegnition and was billed as the rally champions to handle driving duties of four cars, for 13 years crackled the chief time keeper over the radios.
    [Show full text]
  • Benevolent Benefactor Or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India’S Automobile Industry
    Policy Studies 58 Benevolent Benefactor or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India’s Automobile Industry Rajnish Tiwari, Cornelius Herstatt, and Mahipat Ranawat Benevolent Benefactor or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India’s Automobile Industry About the East-West Center The East-West Center promotes better relations and understanding among the people and nations of the United States, Asia, and the Pacific through cooperative study, research, and dialogue. Established by the U.S. Congress in 1960, the Center serves as a resource for in- formation and analysis on critical issues of common concern, bringing people together to exchange views, build expertise, and develop policy options. The Center’s 21-acre Honolulu campus, adjacent to the University of Hawai‘i at Ma¯noa, is located midway between Asia and the U.S. main- land and features research, residential, and international conference facilities. The Center’s Washington, D.C., office focuses on preparing the United States for an era of growing Asia Pacific prominence. The Center is an independent, public, nonprofit organization with funding from the U.S. government, and additional support provided by private agencies, individuals, foundations, corporations, and gov- ernments in the region. Policy Studies 58 Benevolent Benefactor or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India’s Automobile Industry Rajnish Tiwari, Cornelius Herstatt, and
    [Show full text]
  • 20F for 2019
    As filed with the Securities and Exchange Commission on July 30, 2019 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, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ☐ 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 Commission file number: 001-32294 TATA MOTORS LIMITED (Exact name of Registrant as specified in its charter) 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 Mumbai 400 001, India (Name, Telephone, Facsimile number, Email and Address of company contact person) 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 TTM New York Stock Exchange share* 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 issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 2,887,348,694 Ordinary Shares and 508,502,371 ‘A’ Ordinary Shares, including 323,696,360 Ordinary Shares represented by 64,735,220 American Depositary Shares (“ADSs”), outstanding as of March 31, 2019.
    [Show full text]
  • Concorde Motors India LTD
    +91-7710066601 Concorde Motors India LTD https://www.indiamart.com/concordemotorsindia/ The Tata Indica, our first Hatchback, was built to deliver on the promise of 'More car per car', set standards for interior space and value for money. It is your first choice when you need a hard- working hatchback for personal or business use. ... About Us The Tata Indica, our first Hatchback, was built to deliver on the promise of 'More car per car', set standards for interior space and value for money. It is your first choice when you need a hard-working hatchback for personal or business use. Owners love the robust, rugged build, fuel economy and the comfortable ride over rough roads. The Indica continues to be a best-selling car in some of the most competitive hatch markets worldwide. Tata Indica, the most fuel efficient car in its class is not only a fleet owner's delight but also an ultimate match for the family. The new Indica EV2 is available in 4 vibrant colors. The new BS4, CR4 engine delivers maximum power of 70PS at 4000 RPM and a torque of 140NM at 1800-3000 RPM. New transmission with smart-shift gear (TA 65) technology helps in easy manoeuvres during city traffic. All these features deliver an impeccable 25kmpl mileage which is by far the best in its class. Dual tone interiors and spacious cabin space adds up to the performance and enhances the comfort level. New Tata Indica is suitably embellished with chrome finished exteriors which is sure to command the attention of the onlookers.
    [Show full text]
  • Bajrang Auto Parts
    Bajrang Auto Parts https://www.indiamart.com/company/1476168/ Indian exporter and manufacturer of car spare parts for suzuki swift 2005, sx4, splash, celerio, new alto 2009, omni, carry, baleno, cultus, maruti alto, sj410, suzuki sb308, maruti 800, hyundai santro xing, atos prime, getz, accent, i10, i20. About Us Bajrang Auto Parts is truly global enterprise and worldwide exporter of Maruti Suzuki, Tata Motors, Hyundai and Mahindra Spare Parts. We are engaged in trading of high quality car spare parts, rubber parts, body parts and allied products. Our impressive price range and customer-friendly services have made "BAJRANG" a popular name in the Indian & Global market. We are the unrivaled market players in India capable of shipping any large quantity within short span of time with a highest standard of quality on most affordable/competitive prices. We hold large inventory of complete range of spare parts for Maruti Suzuki, Tata Motors, Hyundai and Mahindra car models: Maruti Suzuki car models include New Suzuki Swift 2005/ MK4, Suzuki Splash/ Ritz, Suzuki New Alto 2009/ Celerio/ A- Star, Suzuki SX4 Sedan, Suzuki Swift/ Esteem/ Cultus, Suzuki Baleno, Suzuki Maruti 800/ SB308, Maruti Suzuki Alto, Suzuki Alto/ Zen/ SH410/ MH410, Suzuki Carry/ Omni, Suzuki WagonR, Maruti Suzuki Gypsy King/ SJ410/ SJ413 / Sierra/ Samurai, Suzuki Estilo / Karimun Estilo and Suzuki Grand Vitara. Tata Motors cars include Tata Sumo Grande, Tata Indica (City Rover), Tata Indigo, Tata Indigo SW, Tata Nano Europa, Tata Safari Dicor, Tata Indica Vista, Tata Sumo and Tata Xenon. Hyundai cars include Hyundai Santro, Hyundai Getz, Hyundai i10, Hyundai i20, Hyundai Accent, Hyundai Sonata and Hyundai Tuscon.
    [Show full text]
  • Compliance with India's First Fuel-Consumption Standards for New
    www.theicct.org BRIEFING SEPTEMBER 2018 Compliance with India’s first fuel- consumption standards for new passenger cars (FY 2017–2018) Passenger vehicles sold in India during the fiscal year (FY) 2017–2018, ended March 31, were the first to be subject to fuel-consumption standards established by the Ministry of Power.1 This briefing evaluates the compliance of manufacturer groups with these standards and their readiness to meet more stringent requirements taking effect in FY 2022–2023. Our analysis is based on annual sales data from Segment Y Automotive Intelligence Pvt. Ltd.2 and fuel economy data from the Society of Indian Automobile Manufacturers (SIAM) or voluntary reporting by manufacturers3. We analyze the fuel efficiency, or carbon dioxide (CO2) emissions, in the Indian passenger vehicle market based on FY 2017–2018 sales and compare them with prior years’ performance. We evaluate new passenger vehicle performance and basic specifications by fuel type and manufacturer group. 1 Ministry of Power. Notification, published in the Gazette of India, Extraordinary [Part II-Sec. 3(ii)], 23 April 2015, https://beeindia.gov.in/sites/default/files/Fuel%20Efficiency%20Notification%20%2823April2015%29.pdf 2 Annual data purchased from Segment Y Automotive Intelligence Pvt. Ltd for fiscal 2006–2007, 2007–2008, 2008–2009, 2009–2010, 2010–2011, 2011–2012, 2012–2013, 2015–2016, and 2017–2018. 3 Fuel economy of vehicles sold in fiscal 2015–2016, 2017 –2018 are from SIAM, http://www.siamindia.com/ cpage.aspx?mpgid=31&pgidtrail=82 (accessed on August 8, 2018); fuel economy of vehicles sold in FY 2006– 2007, 2007–2008, 2008–2009, 2009–2010, 2010–2011, and 2011–2012 are collected by ICCT from voluntary reporting by manufacturers on manufacturers’ website or advertisement materials.
    [Show full text]
  • Study Paper “Financial Ratio Analysis of Tata Motors”
    FINAL YEAR BBA (H) STUDY PAPER “FINANCIAL RATIO ANALYSIS OF TATA MOTORS” SUBMITTED BY:- NAME: RAHUL ROY, RAJDIP ROY, SOHINI DATTA , SABARNI DATTA STREAM:-BBA (H) YEAR:-3rd (THIRD) SEMESTER :- 6th (SIXTH) ROLL NO.s:-15405015026, 15405015030, 15405015048,15404015036 SESSION :- 2015-2018 COLLEGE:- DINABANDHU ANDREWS INSTITUTE OF TECHNOLOGY AND MANAGEMENT UNIVERSITY:- MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY, WEST BENGAL ACKNOWLEDGEMENT The satisfaction and euphoria that accompanies the successful completion of any task would be incomplete without mentioning the names of the people who made it possible, whose constant guidance and encouragement crown all the efforts with success. We are deeply indebted to all people who have guided, inspired and helped us in the successful completion of this project. We owe a debt of gratitude to all of them, who were so generous with their time and expertise. I am highly intended and extremely thankful to MR. ABHIJIT PAL who as our external guide was a constant source of inspiration and encouragement to us. The strong interest evinced by him has helped us in dealing with the problem; we faced during the course of project work. We express our profound sense of gratitude to him for timely help and co-operation in completing the project. Also we would like to thanks MR. ABHIJIT PAL for his continuous guidance and support. INDEX SL. NO. TOPIC 1 CHAPTER-1 EXECUTIVE SUMMARY COMPANY PROFILE ABOUT TATA MOTORS HISTORY OPERATIONS JOINT VENTURES NEED OF STUDIES OBJECTIVES OF STUDY 2 CHAPTER-2 INTRODUCTION TO
    [Show full text]
  • Download Brochure
    21-22 XE XM/XMA XT XZ/XZA TECHNICAL SPECIFICATIONS Kryotec 2L Turbocharged Features over XE Features over XM Features over XT Architecture (Optimal Modular Efficient Global Advance Architecture) derived from Land Rover’s D8 Platform 170 PS Diesel Engine Multi Drive Modes 2.0 Soft Touch Dashboard with Anti-reflective Signature Oyster White Interior Colour Theme Engine Tilt & Telescopic Adjust on Steering – Eco, City & Sport ‘Nappa’ Grain Top Layer Xenon HID Projector Headlamps Max Power kW@rpm 125 kW (170 PS) @ 3750 rpm Projector Headlamps Floating Island 17.78 cm (7”) 8 Speakers (4 Speakers+ 4 Tweeters) Front Fog Lamps with Cornering Function Max Torque NM@rpm 350 Nm at 1750-2500 rpm Dual Airbags (Driver & Co-Driver) Touchscreen Infotainment Fully Automatic Temperature Premium Benecke Kaliko™ Signature Oyster White Type Kryotec 2.0 L Turbocharged Engine Electronic Stability Program (ESP) 6 Speakers (4 Speakers + 2 Tweeters) Control (FATC) with HVAC Leather# Seat Upholstery & Door Pad Inserts Fuel, Emission Norms Diesel BS6 Hill Hold Control Steering Mounted Controls Dual Function LED DRLs Leather# Wrapped Steering Wheel & Gear Shift Knob with Turn Indicators Capacity, Cylinders 1956 cc, In-Line 4-Cylinder Get membership to Tata Motor’s SOUL, Traction Control Follow Me Home Headlamps Terrain Response Modes – Normal, Rough & Wet Rain Sensing Wipers Transmission the official community for Tata SUV owners and Roll Over Mitigation Front Fog Lamps Floating Island 22.35 cm (8.8”) Touchscreen Infotainment Automatic Headlamps Type 6 Speed Automatic
    [Show full text]
  • The All-New Sporty Hatchback BOLT from Tata Motors, Launched in Nepal
    The All-New Sporty Hatchback BOLT from Tata Motors, Launched in Nepal Key Features: • First time ever – MULTI DRIVE: Sport, Eco, City • All new REVOTRON 1.2 Turbocharged MPFi Petrol engine • GenerationNext Safety with 9 th Gen ABS by Bosch TM , Corner Stability Control (CSC) and Dual Airbags • Segment superior space and comfort • ConnectNext touchscreen infotainment by HARMAN TM Kathmandu, July 24, 2015: Tata Motors has announced the commercial launch of its much-awaited sporty hatchback, the all-new Bolt. Manufactured at the Pimpri plant in Pune, Bolt is the latest car from the company, under its HorizoNext umbrella and offers many segment-defining features for Design, Drivability and Connectivity. The Bolt is launched at a starting price of NPR 23.95 Lakhs, ex-showroom, Kathmandu, for the Revotron (petrol) 1.2T and starts at NPR 28.35 Lakhs, ex-showroom, Kathmandu, for the diesel variant. The car will be available for sale, across the country in over 16 Sipradi sales outlets from today. Speaking at the launch, Mr. Sujan Roy, Regional Head, South Asia, Passenger Vehicles Business Unit, Tata Motors, said, “With the aim to deliver the best to our customers, we at Tata Motors are delighted to launch the much- awaited Bolt, a sporty hatchback. We expect Bolt to strengthen our presence in the hatchback market. A stylish car with many segment first features, the Bolt offers global design and standards that will equally bring in new first time buyers as well as appeal to existing auto users looking for an exciting product in this segment. Designed and engineered by our teams across India, UK and Italy, the Bolt is the next leap under our HorizoNext strategy and represents the new DNA of our passenger vehicles business, with the commitment to provide the best vehicles and experiences to excite our customers.” Speaking at the launch, Mr.
    [Show full text]
  • Y ™Pnco/ Passion to Excel
    PR/COL LIMITED (Formerly Pricol Pune Limited] Y ™pnco/ Passion to Excel 109, Race Course, Coimbatore 641018 , India '- +91 422 4336000 ltm +91 422 4336299 ~ [email protected] e pricol . com CIN : L34200TZ2011 PLC02219 4 • CUSTOMERS • EMPLOYEES • SHAREHOLDERS ;..._ SUPPLIERS PL/SEC/TGT/2018-19/100 Thursday,August23, 2018 Corporate Relationship Department The Manager BSE Limited Listing Department 1st Floor, New Trading Ring National Stock Exchange of India Limited Rotunda Building, P J Towers, "Exchange Plaza' , C-1 , Block G Dalal Street, Fort Bandra-Kurla Complex, Mumbai 400 001 Sandra (E), Mumbai - 400051 Scrip Code: 540293 Scrip Code : PRICOLLTD Dear Sir, Sub: 7thAnnual General Meeting - (1) AGM Proceedings (2) Presentation made at the Meeting We wish to inform you that the 7thAnnual General Meeting of the Company held on August 22, 2018 at Chamber Hall, Chamber Towers, 8/732, Avinashi Road, Coimbatore-641 018 and the business(es) mentioned in the notice of the 7th AGM dated 26th June, 2018 were transacted. In this regard we are enclosing the following : 1) Proceedings of AGM as required under Regulation 30, Part-A of Schedule-I II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2) Presentation made at the Annual General Meeting We request you to kindly take the same on record and acknowledge receipt. Thanking you, Yours faithfully, For Pricol Limited- i.~.Thamizhanban Company Secretary 1cs1· M.No: F7897 Encl: as above ISO14001 ISO/TS16949 OHSAS18001 BUREAU VERIT AS BUREAU VERITAS Certification Certification· Proceedings of the 7th Annual General Meeting of Pricol Limited held on Wednesday, the 22nd August 2018 at 4.30 p.m.
    [Show full text]
  • July 16, 2021 TATA MOTORS LIMITED Incorporated As A
    Draft Information Memorandum For Private Circulation Only Srl. No: Date: July 16, 2021 TATA MOTORS LIMITED Incorporated as a public limited liability company under the Indian Companies Act (VII of 1913) Date of Incorporation: Incorporated on 1st September 1945, as "Tata Locomotive and Engineering Company Limited” Registered Office: Bombay House, 24 Homi Mody Street, Mumbai 400 001 Tel. No. +91 22 6665 8282; Website : www.tatamotors.com CIN: L28920MH1945PLC004520 Issue of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures of a face value of ₹10,00,000/- (Rupees Ten Lakhs only) each “Debentures”, Series E30-B 6.95% p.a. ( Six Decimal Nine Five Percent per annum) Coupon aggregating to ₹500 Crores (Rupees Five Hundred Crores only) on a private placement basis (the “Issue”). BACKGROUND This Information Memorandum is related to the Debentures to be issued by Tata Motors Limited (the “Issuer” or “Company”) on a private placement basis and contains relevant information and disclosures required for the purpose of issuing of the Debentures in accordance with the provisions of Schedule I of Securities and Exchange Board (Issue and Listing of Debt Securities) Regulations, 2008, as amended from time to time and Section 42 of the Companies Act, 2013 as amended from time to time and the Companies (Prospectus and Allotment of Securities) Rules, 2014 as amended from time to time. The issue of the Debentures comprised in the Issue and described under this Information Memorandum has been authorized by a resolution passed by the Board of Directors of the Issuer on March 15, 2021 all applicable regulations and by the Board constituted Committee resolution dated July 20, 2021.
    [Show full text]
  • Concentration in the Indian Automobile Industry
    Pacific Business Review International Volume 11 Issue 9, March 2019 Concentration in the Indian Automobile Industry Neeraj Kumar Abstract Assistant Professor The Indian automobile industry occupies a prominent place in Indian Dept. of Economics, IBS Hyderabad, economy. It passed from different phases, the emergence of Telangana (India) indigenous automobile manufactures and self reliance before 1983 to Freedom to Grow after 1991 economic reforms. The present paper Pooja Choudhary analyzed the concentration ratio of each segment Indian automobile Independent Economics Researcher industry. It further investigated firm level market shares of each Hyderabad, Telengan (India) individual firm in their respective segment from 1991-92 to 2013-14. The study found that the economic reforms of 1991 dissolved the entry, exit and FDI restrictions which lead entry of foreign players and competition goes on increasing and the concentration ratio starts declining in Indian automobile industry. Keywords: Automobile, Structure, Concentration, Reforms JEL Classification: L620 Introduction Theoretically one can consider perfect competitive market as the ideal market where two pivot assumptions i) large numbers of seller (buyer) and ii) independently acting seller (buyer) prevailed. With the help of these two assumptions there is no possibility of discrepancy among price and marginal receipts to attain profit maximization. But, the markets of the real world differ mostly in the number of firms and their relative size. The public are concerned about industrial concentration, because they are concerned about its economic and political effects. The economist should, therefore, analyze at least the economic effects and assess their importance (Citovsky 1955). The industrial theory assumes that concentration is an important component of the market structure which further determines the conduct and performance of concerned firm or industry.
    [Show full text]