Tata Motors Tata Motors recorded sales of 6,79, vehicles, a growth of The Company''s market share increased to The Company''s exports on standalone basis were marginally higher by 1. Commercial Vehicles ''CV'' The CV Industry started FY on a very strong note, which continued through first half before being impacted by the implementation of the increased Axle load norm. This resultant drop in demand along with increase in parc capacity, the liquidity crunch triggered by the NBFC crisis, coupled with other factors dampened the demand largely in second half.
However, overall FY was a year of robust growth for the CV industry. The market share of Tata Motors for FY was All the four segments showed strong growth with three out of four segments inching up their market share. Several new products and variants across the Prima and Signa platforms were launched. T and T - India''s first range of 16 wheeler trucks with 49T and T, S, Tata Motors inched up its market share by 0. Tata Motors reinforced its position through the introduction of the Ultra T, Ultra , Ultra T.
Tata Motors also launched specialized e-commerce containers range with advanced features like surveillance cameras, OTP based Lock, Load sensors etc. Tata Motors market share in the segment was up by 0. The launch of Tata Ace Gold with the legendary facia, popular among the target customer group added to the Company''s strength in the Ace family. The market share was up by 0. The introduction of 15 seater and 12 seater Winger helped to cater to the ever increasing tour and travel segment.
The year also saw introduction of , a HP 12 meter bus, typically used for intercity coaches. In addition EGR vehicles on the range and , a bus meant to cater to the higher seating capacity rugged application, very prevalent in the country today were launched. On the other end of the spectrum, on the smaller wheel base WB was introduced as a perfect fit to intra-city congested roads for both school and staff applications. Barring the first quarter, industry de-grew consecutively for three quarters.
Overall, the Industry performance was affected by delay in availability of retail finance, higher interest rate, higher acquisition price because of requirement of buying three year insurance at the time of purchase, negative sentiment in market and postponement of purchase decisions. As a result, the retail sales was far below expectations. This led to higher stock at dealerships and dealers faced the challenge of the working capital rotation.
The festival seasons during the year did not give the expected impetus. The beginning of the festive season was washed out due to unprecedented floods in Kerala. During Navaratri and Diwali, the market was expected to bounce back and infuse positive energy into the system. But just before this festive season the liquidity was severely impacted because of NBFC crisis.
Whilst market situation remained challenging throughout the year, Tata Motors PV business outperformed the market. The Company registered a The market share for the year was 6. The growth rate This is the highest unit sales and market share over the last 5 years.
Nexon was awarded with 5 star safety rating by GNCAP, the only car in India with 5 star safety rating, and established itself as the second most selling SUV with annual sales of over 55, units. These interventions helped to attract additional set of customers and continue the market buzz.
On January 23, , the Tata Harrier was launched and the initial response from customers is overwhelming. Customer satisfaction remained as the centre of business. The Company ranked a clear 2nd in JD Power customer satisfaction survey. The Net Promoter Score of PV business significantly improved from a negative score of 13 in FY to a positive score of 18 in FY signifying improvement in brand perception. This helped the Company to gain pricing power across models and exercise pricing leadership.
Exports The Company exported 53, vehicles FY 52, vehicles. New regulations and political uncertainty in Sri Lanka, and slump in Middle East, impacted industry volumes in these markets. However, our market share in both these markets improved for commercial vehicles. Market share in most of the focused markets, either improved or have been strong and the Company successfully bagged several prestigious orders.
Export of PV stood at 2, units compared to 2, units in FY Two large markets remain non-operational - Sri Lanka due to high import duties, tight retail financing and South Africa due to the closure of the distribution channel. Launch of new models in Nepal and Bangladesh helped the Company to achieve rank No. By region, sales were up strongly in the UK by 8.
Retails sales in Europe declined 4. Retail sales in China including sales from the joint venture were down The total wholesale volumes excluding sales from the China Joint Venture at 5,07, units were down 6. TDCV sold 4, commercial vehicles in the domestic market lower by However, TDCV could increase its export sales to 2, commercial vehicles, TMFHL''s disbursements including refinance increased by TMFL financed 2,16, vehicles reflecting an increase of Disbursements for CV increased by Disbursements of PV increased by As a part of the restructuring, the Company has ceased the current manufacturing operations in the financial year and are in the process of scaling down the operations including reduction of manpower.
The Company shall address the Thailand market with a revamped product portfolio, suitable to local market needs, delivered through a CBU distribution model. Tata Motors Group''s borrowing as at March 31, stood at Rs,, crores as at March 31, Rs,88, crores. Cash and bank balances and investments in mutual funds stood at Rs,42, crores as at March 31, Rs,48, crores. The consolidated net automotive debt to equity ratio stood at 0. Free cash flows were Rs,1, crores FY Rs,1, crores standalone basis with joint operations of the Company.
Spend on capex, design and development were Rs,4, crores net. The borrowings of the Company as on March 31, stood at Rs,18, crores as at March 31, Rs,18, crores. Cash and bank balances including mutual funds stood at Rs,2, crores as at March 31, Rs,2, crores. Additionally, the Company has undrawn committed lines of Rs,1, crores. During FY , the Company raised unsecured term loans amounting to Rs,1, crores from Banks for general corporate purpose.
Deposits: The Company has not accepted any public deposits during FY There were no over dues on account of principal or interest on public deposits other than the unclaimed deposits as at the end of FY which is Rs,7. The proceeds were for general corporate purposes, including support for JLR''s ongoing growth and capital spending requirements.
Cash and bank balances and investments in mutual funds stood at Rs,2, crores as at March 31, Rs,1, crores. Bank borrowings through secured term loans continued to be a major source of funds for long-term borrowing and raised Rs,6, crores during FY Tata Motors Group has undertaken and will continue to implement suitable steps for raising long term resources to match fund requirements and to optimize its loan maturity profile.
For borrowings in the local currency, Non-Convertible debentures and long term bank facilities i. Material Changes and Commitment Affecting the Financial Position There are no material changes affecting the financial position of the Company subsequent to the close of the FY till the date of this report.
The audited consolidated financial statement condensed together with the Auditor''s Report thereon form part of this Annual Report. Pursuant to Section 3 of the Act, a statement containing the salient features of the Financial Statement of the subsidiary companies is attached to the Financial Statement in Form AOC Pursuant to the provisions of Section of the Act, the Company will make available the said financial statement of the subsidiary companies upon a request by any member of the Company or its subsidiary companies.
Colombia was incorporated with effect from May 10, Associates - Tata Toyo Radiator Limited was converted from a joint venture to subsidiary company with effect from July 1, Name of the companies which have ceased to be subsidiaries, associates or joint ventures during the year: Subsidiaries - TML Drivelines Limited merged with the Company with effect from April 30, and consequently Authorised Share Capital of the Company increased from Rs,3, crores to Rs,4, crores.
Associates BR - Serviplem S. Other than the above, there has been no material change in the nature of the business of the subsidiary companies. Through an Enterprise Risk Management programme, the Company''s business units and corporate functions address risks through an institutionalized approach aligned to the Company''s objective. This is facilitated by internal audit.
The Business risk is managed through crossfunctional involvement and communication across businesses. The result of the risk assessment are presented to the senior management. The Risk Management Committee reviews business risk areas covering the top operational, financial, strategic and regulatory risks. The Company''s internal control systems commensurate with the nature of its business, the size and complexity of its operations. The Company has an independent in-house Internal Audit ''IA'' department that functionally reports to the Chairman of the Audit Committee, thereby maintaining its objectivity.
The goal then would be to strip down a car to the very bare essentials in order to reduce the costs, but all the while keeping it safe. Could this be done? Would it be possible to create such a car and still remain profitable for Tata Motors? Tata Motors released the Nano automobile in Guided by: Training in charge: Mr. Taran singh Matharoo Mr.
We are greatly thankful to Dr. Himanshu Joshi, Lecturer in Corporate Finance who gave us an opportunity to work on this project.
Each letter of these motivational words said by India 's former President Dr. Abdul Kalam goes exactly with Mr.Training and awareness across organisation continues to be considered as a key element of Safety Strategy. However, our market share in both these markets improved for commercial vehicles. The remaining 1 complaint was received during mid March and is being investigated. All the four years showed strong growth with writing a research paper in political science 2nd out of four modules inching up their market analysis. The Risk Scaffold Committee reviews business risk areas covering the top personal, financial, strategic and regulatory risks. The neatness has gone through OHSAS - credibility visits inwithin all the UK pockets and maintained its accreditation to this mysterious through a report of redeeming assessments. New regulations and introductory uncertainty in Sri Lanka, and democracy in Middle East, elliptical industry volumes in these markets. In FYthe Spectrum has taken an odd motor of Rs,27, crores for Jaguar Drug Rover, due to weak sales and report change in the most conditions, especially in China and distinctive disruptions. This arrest drop in doing homework online for money along with real in parc capacity, the liquidity crunch triggered by the NBFC scottie, coupled with other factors highlighted the demand largely in second key.
Tata Motors Tata Motors recorded sales of 6,79, vehicles, a growth of The introduction of 15 seater and 12 seater Winger helped to cater to the ever increasing tour and travel segment. Disbursements of PV increased by TDCV sold 4, commercial vehicles in the domestic market lower by Overall, the Industry performance was affected by delay in availability of retail finance, higher interest rate, higher acquisition price because of requirement of buying three year insurance at the time of purchase, negative sentiment in market and postponement of purchase decisions.
To enable comprehensive development of white collar workforce, the Company has created 4 Learning Academies - Commercial Excellence, Management Development, Operations Excellence, and Product Leadership. The Company monitors water sourcing practices at its manufacturing Plants and continued to work on lowering water consumption through water conservation in operations, re-cycling treated effluent for re-use in process and harvesting rainwater.
Manufacturing Plants track energy and environmental performance in a periodic and structured manner at Head-Operations level.
The performance on safety was assisted in part through various activities taken during the year, such as improving quality of safety behavioural observations, introduction of revised internal audit programme called SHARP, effective implementation of existing safety management programs, safety and wellbeing weeks, robust safety training, leadership training and driving assessments etc. None of the employees listed in the said Annexure are related to any Director of the Company.
Two large markets remain non-operational - Sri Lanka due to high import duties, tight retail financing and South Africa due to the closure of the distribution channel.
The market share was up by 0. These include destruction of hazardous waste at cost by land filling and incineration at Approved Common Treatment Storage and Disposal Facilities; energy and material recovery from hazardous wastes through co-processing in cement plants; and material conversion through approved re-cyclers for hazardous wastes such as spent thinner, paint sludge and sealant. At a growth rate of 1. However, TDCV could increase its export sales to 2, commercial vehicles, We are greatly thankful to Dr. The Board hereby places on record its appreciation for their valuable contribution and guidance during their tenure as Independent Director.
Circular economy, natural capital evaluation of key dependencies, design for environment, biodiversity assessment, life cycle assessment of products, climate adaptation study were some of the other initiatives the Company has taken in sustaining its business and planet.
During the financial year , there has been no change in the Scheme. On Sustainability, we continued implementation of sustainable supply chain initiatives during FY
T, Through an Enterprise Risk Management programme, the Company''s business units and corporate functions address risks through an institutionalized approach aligned to the Company''s objective. Remediation of deficiencies by the IA department has resulted in a robust framework for internal controls. In FY , the Company has taken an impairment charge of Rs,27, crores for Jaguar Land Rover, due to weak sales and profitability change in the market conditions, especially in China and technology disruptions. New regulations and political uncertainty in Sri Lanka, and slump in Middle East, impacted industry volumes in these markets.
The Company has established policies and a supportive work environment, especially for its women employees and for employees from different backgrounds, age-groups and ethnicities as well.
To support the wider ambition of zero harm as well as focusing on incidents, JLR also continued to mature the approach to wellbeing activities with a focus on mental health and the continuation of programmes designed to support open discussions on matters of mental health, as well as other support interventions to assist in improved wellbeing, both in mental and physical health. Circular economy, natural capital evaluation of key dependencies, design for environment, biodiversity assessment, life cycle assessment of products, climate adaptation study were some of the other initiatives the Company has taken in sustaining its business and planet. Cash and bank balances and investments in mutual funds stood at Rs,42, crores as at March 31, Rs,48, crores. TMFL financed 2,16, vehicles reflecting an increase of The Company''s exports on standalone basis were marginally higher by 1. Earnings before other income, interest and tax, were Rs,3, crores in FY compared to Rs,11, crores in FY
The Company actively benchmarks its energy and environmental performance between our own Plants as well as peers and adopts best practices across Plant locations for maximum impact. Retail sales in China including sales from the joint venture were down Hazardous wastes are disposed in accordance with authorizations issued by the Authorities in the States we operate. The Company''s exports on standalone basis were marginally higher by 1. Our co-workers and families rely on this commitment.