Tata Motors July 2010 sales at 67,799 nos

Tata Motors July 2010 sales at 67,799 nos.

Mumbai, August 1, 2010: Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in July 2010 were 67,799 vehicles, a growth of 41% over 48,054 vehicles sold in July 2009. The company’s domestic sales of Tata commercial and passenger vehicles for July 2010 were 63,558 nos., a 39% growth over 45,599 nos. sold in July last year.

Cumulative sales (including exports) for the company for the fiscal are 249,507 nos., a growth of 46% over 171,168 nos. sold last year.

Commercial Vehicles

The company’s sales of commercial vehicles in July 2010 in the domestic market were 35,694 nos., a 26% growth compared to 28,408 vehicles sold in July last year. LCV sales were 20,438 nos., a growth of 15% over July last year. M&HCV sales stood at 15,256 nos., a growth of 43% over July last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are 132,923 nos., a growth of 32% over last year. Cumulative LCV sales are 75,511 nos., a growth of 20% over last year, while M&HCV sales stood at 57,412 nos., a growth of 54% over last year.


Passenger Vehicles

The passenger vehicles business reported a total sale and distribution offtake of 30,165 nos. (27,864 Tata + 2,301 Fiat) in the domestic market in July 2010, a 52% increase compared to 19,881 nos. (17,191 Tata + 2,690 Fiat) in July last year. Sales of Tata passenger vehicles at 27,864 nos. is the highest ever for the company and a growth of 62% over July 2009. Sales of the Tata Nano were 9000 nos. The Indica range sales were 8,606 nos., higher by 1% over July last year. The Indigo range recorded sales of 7,007 nos., a growth of 100% over July last year. The Sumo/Safari range accounted for sales of 3,251 nos., higher by 22% over July last year.


Jaguar Land Rover sales continued their upward trend since launch in July 2009.

Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 108,501 nos. (100,100 Tata + 8,401 Fiat), against 70,572 nos. (63,028 Tata + 7,544 Fiat) last year, a growth of 54%.

Cumulative sales of Tata passenger vehicles were 100,100 nos., a 59% increase compared to 63,028 nos., in July 2009. Cumulative sales of the Nano are 23,779 nos. Cumulative sales of the Indica range are 35,113 nos., lower by 6%. Cumulative sales of the Indigo family are 28,310 nos., higher by 128%. Cumulative sales of the Sumo/Safari range are 12,898 nos., higher by 20%.

Exports
The company's sales from exports at 4,241 vehicles in July 2010 registered a growth of 73% compared to 2,455 vehicles in July last year. The cumulative sales from exports for the fiscal at 16,484 nos. are higher by 115% over 7,676 nos. in the same period last year.


www.tatamotors.com

Tata Motors Group global sales grow by 93% at 85,714 vehicles in January 2010

Tata Motors Group global sales grow by 93% at 85,714 vehicles in January 2010

Mumbai, February 15, 2010: The Tata Motors Group global sales, comprising of Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with distributed brands in India, and Jaguar and Land Rover, were 85,714 nos. in January 2010, a growth of 93% over January 2009. Cumulative sales for the fiscal (April 2009 – January 2010) are 681,480, higher by 13% compared to the corresponding period in 2009-10.

Sales of all commercial vehicles were 40,334 nos. in January 2010, a growth of 115%. Cumulative sales for the fiscal are 322,470 nos., a growth of 32%.


Sales of all passenger vehicles were 45,380 nos. in January 2010, a growth of 76%. Cumulative sales for the fiscal are 359,010 nos., lower by 0.31%.


Tata passenger vehicle sales, including those distributed, were 29,111 nos. for the month, a growth of 44%. Cumulative sales for the fiscal are 205,763 nos., a growth of 22%.

Jaguar Land Rover global sales in January 2010 were 16,269 vehicles, higher by 195%. Jaguar sales for the month were 2,974, higher by 122%, while Land Rover sales were 13,295, higher by 219%. Cumulative sales of Jaguar Land Rover for the fiscal are 153,247 nos., lower by 20%. Cumulative sales of Jaguar are 39,484 nos., lower by 30%, while cumulative sales of Land Rover are 113,763nos., lower by 16%.


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Tata Motors completes refinancing of the Jaguar Land Rover acquisition bridge finance

Mumbai, May 27, 2009: Tata Motors today successfully concluded an agreement for amendment of its bridge finance loan, extending the final maturity of US$ 1 billion by 18 months up to 31st December 2010. This agreement, along with the earlier repayments and the Bond issue last week, completes the refinancing of the bridge finance of 12 months of US$ 3 billion raised in June 2008 for the acquisition of Jaguar Land Rover. 21 lenders, including two new banks, participated in this agreement, leading to an oversubscription of 47% of the extended loan.

Of the US$ 3 billion bridge finance, the company repaid US$ 1.16 billion, including through Rights Issue and certain divestment proceeds last year. Further, US$ 840 million has been repaid through proceeds of the Non-convertible Rupee Debentures issued last week.

Mr. C. Ramakrishnan, Chief Financial Officer of Tata Motors, said “This transaction was concluded amidst challenging market conditions in the global credit markets and in the automotive sector. Tata Motors thanks the lending institutions for the trust reposed by them in the performance and outlook of the company.”

Soruce:www.tatamotors.com

JAGUAR LAND ROVER TO ENTER INDIAN MARKET

Gaydon, England, 1st May, 2009 - Jaguar Land Rover has confirmed that it is to begin selling its range of premium performance saloon cars and sports utility vehicles in the Indian market later this year and has today reached agreement with Tata Motors Limited to be the exclusive importer.


Jaguar and Land Rover's award-winning vehicles, including Jaguar's XF and XKR and Land Rover's Discovery and Range Rover, are renowned around the world for their unique blend of refined luxury, quality and capability and will now become officially available in this rapidly expanding market.

David Smith, CEO of Jaguar Land Rover, said: "We are delighted to be formally entering the Indian market, an economy which is still growing appreciably, and able to offer our premium products to a whole new group of customers. It is an important strategic move for Jaguar Land Rover and will enable us to realise our competitive potential in this significant market."

The newly-formed Premier Car Division, within Tata Motors Passenger Car Business unit, will assume responsibility for the distribution of all Jaguars and Land Rovers in India and is also due to open the first showroom at Ceejay House in Worli, Mumbai, in June this year. This flagship facility will offer a range of both Jaguar and Land Rover vehicles and aims to establish a benchmark experience in luxury car sales in India.

Rohit Suri, who has extensive premium automotive sector experience, has been appointed to head the new organisation and is leading plans to develop a dealer network through 2009 and 2010.

Ravi Kant, Managing Director of Tata Motors, commented: "This is a natural move for both businesses and will allow Jaguar and Land Rover to establish a strong and deserved presence in India. We are very pleased to develop our relationship with Jaguar Land Rover in this way and to provide the opportunity for Indian customers to access their premium products for the first time."

Further details, including specifications, are available on the new Jaguar India website (www.jaguar.in) and Land Rover India website (www.landrover.in) which have gone live simultaneously.

Jaguar Land Rover to cut 450 jobs

LONDON: British luxury car manufacturer Jaguar Land Rover announced 450 job losses on Wednesday due to a "severe" reduction in demand for new cars. Hybrid cars

The Coventry, West Midlands-based company, part of India's Tata Motors said it was proposing to shed about 300 management roles and a further 150 salaried agency staff.

Managers at the company will not receive any bonuses in 2009 and any management pay increases have been deferred to Oct. 1 2009 at the earliest, the group said.

Jaguar Land Rover Chief Executive David Smith said: "It is only right and proper that our response to the unavoidable impact of the credit crunch and a severe reduction in demand includes actions across all grades and functions in the company.

We don't expect sales conditions to return to normal levels for some time." Tata bought Jaguar and Land Rover from Ford in June last year for about $2.3 billion. Jaguar has four plants in the UK while Land Rover has a plant at Solihull in the West Midlands.

Source: http://economictimes.indiatimes.com/News/News_By_Industry/Auto/Automobiles/Jaguar_Land_Rover_to_cut_450_jobs/articleshow/3978708.cms

JLR may get a share of UK's auto bailout package

LONDON: The UK government is under increasing pressure to consider a bailout of its auto industry, including Tata-owned Jaguar Land Rover (JLR).

British business secretary Lord Mandelson on Wednesday confirmed to Sky News that the government has been in talks with car manufacturers, and specifically with JLR, for government support.

However, he cautioned that the primary responsibility for the company lies with its owners, and the government does not have a blank cheque for ailing out private industry. JLR is reported to be in talks with the UK government for financial support to the extent of £1 billion, which may take the form of a loan guarantee scheme, and not a direct bailout.

Some reports have said that the UK government officials have been in dialogue with Ratan Tata, but no final decision has yet been taken. British media reports highlighted the fact that the Tatas, the owners of JLR, have recently announced a sponsorship for F1.

Lord Mandelson’s comments came at a time when UK car production numbers fell by 33% in November, and the Society for Motor Manufacturers and Traders (SMMT) increased pressure on the government for an industry bailout package.

“Without swift action and the ability to access credit and finance, significant damage will be done to the nation’s industrial capability, leaving the UK poorly equipped to take advantage of any global growth when it returns,” said SMMT chief executive Paul Everitt.

Speaking to ET, an SMMT spokesperson said, “Without any stimulation from the government, it’s going to get a lot worse, and take a long while to end. Given the limited availability of credit and working capital, we need something to take the pressure off the supply chain.”

Any move to financially support the auto industry is likely to raise demands for more such bailouts in the private sector, but the UK auto industry is seen to be heading the American way.

The SMMT estimates that the auto industry supports 2,00,000 manufacturing jobs and another 5,80,000 workers in allied services in the UK. JLR and the Department of Business, Enterprise, and Regulatory Reform (BERR) have consistently declined to comment about any confidential talks between JLR and the UK government. However, JLR has openly supported the industry stance that government action is urgently required.

JLR supports both the UK and the European industry position that government intervention is required to improve liquidity in the supply chain and support continued investment in carbon reduction technology as well as stimulating consumer demand.

Source: http://economictimes.indiatimes.com/News/News_By_Industry/Auto/JLR_may_get_a_share_of_UKs_auto_bailout_package/articleshow/3859677.cms