countries in Africa. It also launched the Signa range of new M&HCV trucks in 2016. The company also offers a range of buses, which includes the Semi Deluxe Starbus Ultra Contract Bus and the new Starbus Ultra. Its range of buses is intended for various uses, including as intercity coaches (with both air-conditioned and non-air-conditioned luxury variants), as school transportation and as ambulances. Seasonality Demand for the company’s vehicles in the Indian market is subject to seasonal variations. Demand generally peaks between January and March, although there is a decrease in demand in February just before release of the Government of India’s fiscal budget. Demand is usually lean from April to July and picks up again in the festival season from September onwards, with a decline in December due to model year change. Tata and Other Brand Vehicles—Vehicle Financing Through its vehicle financing division and wholly owned subsidiary, TMFL, the company also provides financing services to purchasers of its vehicles through its independent dealers, who act as its agents, and through its branch network. Jaguar Land Rover—Competition Jaguar vehicles compete primarily against other European brands such as Audi, BMW and Mercedes Benz. Land Rover and Range Rover vehicles compete largely against SUVs manufactured by Audi, BMW, Infiniti, Lexus, Mercedes Benz, Porsche, Volvo and Volkswagen. The Land Rover Defender competes with vehicles manufactured by Isuzu, Nissan and Toyota. Jaguar Land Rover—Seasonality Jaguar Land Rover volumes are impacted by the biannual change in age-related registration plates of vehicles in the United Kingdom, where new age-related plate registrations take effect in March and September. Other Operations Our other operations business segment includes information technology, or IT, services and machine tools and factory automation solutions. Information Technology Services As at March 31, 2016, the company owned a 72.32% equity interest in its subsidiary, Tata Technologies Limited (TTL). TTL provides product development IT services solutions for PLM and Enterprise Resource Management (ERM), to automotive, aerospace and consumer durables manufacturers and their suppliers. TTL’s services include product design, analysis and production engineering, knowledge-based engineering, PLM, ERM and customer relations management systems. TTL also distributes, implements, and supports PLM products from solution providers in the world, such as Dassault Systems and Autodesk. TTL has its international headquarters in Singapore, with regional headquarters in the United States, India and the United Kingdom. In Fiscal 2014, TTL acquired Cambric Corporation, an engineering services organization, to achieve greater domain expertise and presence in the industrial equipment sector. TTL has a combined global workforce of around 8,087 professionals serving clients worldwide from facilities in the North America, Europe, and the Asia Pacific regions. TTL responds to customers’ needs through its subsidiary companies and through its offshore development centers in India, Thailand and Romania. TTL had 14 functional subsidiary companies and 1 joint venture as at March 31, 2016. Subsidiaries The company, through its other subsidiary and associate companies, engages in providing engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations. Tata Technologies Limited, the company’s 72.32% owned subsidiary, engages in providing specialized engineering and design services, product lifecycle management, and product-centric IT services to major global manufacturers. TML Distribution Company Limited, the company’s wholly-owned subsidiary, provides distribution and logistics support for distribution of its products throughout India. The company’s wholly-owned subsidiary, Tata Motors Finance Limited (TMFL), operat
tata motors ltd-spon adr (TTM:New York)
24, Homi Mody Street
Phone: 91 22 6665 8282
Fax: 91 22 6665 7799www.tatamotors.com
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