tata motors ltd-spon adr (TTM) Key Developments
Tata Motors Launches Ace Mega
Aug 27 15
Tata Motors announced the launch of a new smart pick-up -Tata Ace Mega. The Ace Mega, with superior performance, enhanced looks, strong cabin with rated payload of 1Tonne, will offer the best-in-class fuel efficiency and lowest cost of ownership. It is an innovative cargo transport solution in the small commercial vehicle (SCV) segment. The Tata Ace Mega has been designed and developed for maximising revenues of the transport operator by ensuring more trips, more load carrying capability in low turnaround time and meeting requirements of both, intra and intercity transportation and can be easily driven on any kind of terrain. The vehicle is strategically designed to perform all tasks of a small pick-up and hence will be an all-rounder in this segment, helping the operator elevate his /her business. Launched at a price of INR 0.431 million, ex-showroom, Thane, the Tata Ace Mega is available in an attractive azure blue color. This power-packed small pick-up will be available for sale initially, in seven states - Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Orissa, West Bengal and Tamil Nadu, and will expand to other states in a phased manner. Aesthetically designed in-house, the Tata Ace Mega comes with a comfortable cabin with an ergonomically located driver console, glovebox with lock, provision for music system, mobile charging facility, digital clock and full fabric seats. Features such as leaf spring suspension with rigid axles both in the front and rear, truck-like construction, seven inch vacuum booster in the braking system, etc, make the Tata Ace Mega the most suitable vehicle for various applications. On the exterior, stylish body colored bumper, new front protective wheel arch eyebrows, new sporty body graphics, wide angle ORVM on both sides further accentuate the vehicle's stance. The service and maintenance attributes of the vehicle guarantee peace of mind to its customers. With over 1,800 service touch points and a workshop on an average at every 50km, Tata Motors has the widest service network in the country. The vehicle also comes with an assured warranty of two years /72,000km (whichever is earlier).
Tata Motors Limited Plans to Launch Three New Car Models in India this Fiscal Year
Aug 20 15
Tata Motors Limited is planning to launch three new car models in India this fiscal year. The automaker plans to launch a sedan, a hatchback and a crossover during the year ending in March. The company is also planning the launch of a compact sport-utility vehicle later. The company is planning to launch around two new passenger vehicles every year until 2020, to drive growth and gain back market share in India.
Tata Motors Forms Product Strategy Group for CV Business ; Appoints R. Ramakrishnan to Lead New Unit
Aug 12 15
Changing technologies, regulation and customer preferences have prompted Tata Motors to carve out a product strategy group within the division that produces trucks and buses, on the lines of a similar group that exists in its passenger vehicles division. The new unit will be led by R. Ramakrishnan, who was earlier heading sales and marketing, designated as senior vice president, product strategy and planning and customer value creation. R.T. Wasan, who was heading Tata Motors international business, will take over Ramakrishnan's role as vice-president, sales and marketing. This is the second structural change within Tata Motors' commercial vehicles (CV) unit in six months, as the company takes on increasing competition from Ashok Leyland Ltd. and Bharat Benz Ltd, among others.
Tata Motors Limited Provides Cash Flow Guidance for the Financial Year 2015
Aug 7 15
Tata Motors Limited provided cash flow guidance for the financial year 2015. The company continue to focus on generating strong operating cash flow to support investment in the business, in product development and CapEx, which The company expects will be in the region of GBP 3.5 billion or a little more in the financial year.
Tata Motors Limited Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2015
Aug 7 15
Tata Motors Limited reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2015. For the quarter, on consolidated basis, the company reported net sales/income from operations was of INR 60,180.57 million compared to INR 64,150.74 million a year ago. Profit from operations before other income, finance costs and exceptional items were of INR 5,285.55 million compared to INR 8,166.69 million a year ago. Profit from ordinary activities before tax was of INR 4,358.74 million compared to INR 7,528.45 million a year ago. Net profit for the period was INR 2,788.47 million or INR 8.43 per diluted share compared to INR 5,413.40 million or INR 116.58 per diluted share a year ago. The company's Ebitda declined 18.2% to INR 91.09 billion and margin declined 230 basis points to 14.9%. Other income increased 44% to INR 3.0723 billion.
For the quarter, on standalone basis, the company reported net sales/income from operations were of INR 91,976.2 million compared to INR 76,128.9 million a year ago. Loss from operations before other income, finance costs and exceptional items were of INR 2,655.9 million compared to INR 8,350.8 million a year ago. Profit from ordinary activities before tax was of INR 2,687.9 million compared to INR 3,936.5 million a year ago. Net profit was of INR 2,575.7 million or INR 0.86 per diluted share compared to INR 3,936.5 million or INR 1.29 per diluted share a year ago.