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Tata Motors Ltd - 500570 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Tata Motors SIAM Report - April 2019 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the report on production, domestic sales and exports of the Company, which will be released to the Society of Indian Automobile Manufacturers (SIAM), the content of which is self-explanatory. This is for the information of the exchange and the members.
03-05-2019
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Tata Motors sales dip 20 per cent in April

 The company said its commercial vehicle sales in the domestic market stood at 29,883 units in April
02-05-2019
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Tata Motors Ltd - 500570 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Press Release - Tata Motors Monthly Sales April 2019 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a press release issued by the Company on the captioned subject, the content of which is self-explanatory. This is for the information of the exchange and the members.
02-05-2019
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Tata Motors Ltd - 500570 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

 Pursuant to above and based on the intimation received from TSR Darashaw Limited, Registrars and Share Transfer Agents ('RTA's) of the Company on April 30,2019, we would like to inform that the Company has received a letter from the enclosed list of shareholder(s) regarding loss of share certificate(s) with a request for issue of duplicate share certificate(s) in lieu thereof. The exchanges are requested to inform all Broker Members and Investors not to deal in the enclosed list of share certificate in any manner. Further, any person who has a claim in respect of the said securities should lodge such claim with the RTA at csg-unit@tsrdarashaw.com, within 15 days from this date. The duplicate share certificate will be issued after the receipt of all necessary documents from shareholders. This is for the information of the exchange and the members.
02-05-2019

The JLR effect: Tata Motors share price goes in reverse

 By Suhani Adilabadkar For a time, Tata Motors was presenting India's ambitious new face to the world. When Tata Motors launched ‘Nano’, the world’s cheapest car in 2008, it received widespread, breathless coverage. Then came the $ 2.3 bn JLR acquisition in June 2008. The repercussions are still being felt, more than 10 years later, and not necessarily in a positive way. Tata Motors stock price has had a roller coaster ride over the past two years, losing 34% value over the past one year. In a volatile global economy, the auto industry is one of the first few to feel the brunt. Our domestic auto industry is already in the ‘slow zone’ exhibited by Nifty Auto declining 26% YoY with all its constituents in negative yearly return territory with the exception of two wheeler major, ‘Bajaj Auto’. Quick Takes: The December quarter results was completely unexpected and hit Tata Motors badly, gauged by the single day decline of 22% for Tata Motor’s scrip in February this year. The company reported a net loss of Rs. 26,823 cr impacted by an exceptional item of asset impairment of Rs 27,838 cr in Q3 FY19. CV and PV domestic business constitutes roughly 20% of the entire group’s profitability and JLR business the remaining 80%. Slowing JLR revenues in China is a major concern, since this constitutes one fourth of total JLR revenue basket. Weak China performance continues with 33% sales decline in the year till date. Tata Motors – Profile Part of the $100 bn Tata Group, Tata Motors Ltd (TML) was founded in 1948. It is now a leading global automobile manufacturing company with a diverse portfolio ranging from cars, sports utility vehicles, trucks, buses and defence vehicles, and also India’s largest original equipment manufacturer (OEM). Operating through a global network of 97 subsidiaries, four joint ventures and two joint operations, including Jaguar Land Rover (JLR) in UK and Tata Daewoo in South Korea, Tata Motors has spread its footprint across US, UK, South Korea, Thailand, South Africa, Indonesia, Austria and Slovakia. Tata and other brand vehicles consist of vehicles manufactured under Tata, Daewoo and Fiat brands excluding Jaguar Land Rover brands. Tata Motors’ JLR caters to the global premium car market competing with the likes of Audi, Porsche, BMW and Mercedes Benz. In 2018, JLR launched world’s first fully electric premium SUV, Jaguar I-PACE. On its domestic turf, TML has Tiago, Zest, Bolt, Tigor in the PV segment and popular ‘Ace Range’ and ‘Yodha Ranger’ in CV segment. The December Quarter result was a forgettable one Tata Motor’s stock was at 400 levels in Jan last year and since then has been on a slide. FY 2018 started with negative momentum as June quarter reported Net Loss of Rs. 2,168 cr followed by Rs. 1,000 cr Net Loss in September. But December quarter results was completely unexpected gauged by the single day decline of 22% for Tata Motor’s scrip in February this year. The company reported Net Loss of Rs. 26,823 cr impacted by an exceptional item of asset impairment of Rs 27,838 cr in Q3 FY19. This exceptional non-cash charge was with respect to JLR’s capitalized investment impairment charge of 3 bn pounds, due to muted demand prospects coupled with profitability, technological and regulatory headwinds. Operating Profit for the company fell 23% YoY with a margin of 8.07% against 11.69% corresponding quarter previous year. Consolidated Revenue jumped 4% YoY with sequential growth of 7% in December quarter FY19. JLR revenues dropped 1.4% with EBIT declining 7.3% YoY and Net Loss of 3129 million pounds. In Dire Need Of a Turnaround 2.0 Tata Motors is the market leader in Domestic Commercial Vehicles market with market share of 45.70% which has improved 60 basis points sequentially in Q3 FY19. Then how does it end up with huge losses for the past three quarters? The business losses are on consolidated basis whereas TML reported 236% YoY jump in bottom-line in standalone results for December quarter FY19. The standalone business of the company comprises of CV and PV domestic business constituting roughly 20% of the entire group’s revenue. Thus, the market reacts to the performance of the remaining 80%, the Jaguar Land Rover business. JLR business within itself is diversified among developed markets US, UK and Europe contributing 21%, 18% and 22% respectively. But the largest chunk belongs to China constituting almost one fourth of the total JLR revenues. Tata Motors witnessed strong growth of about 21% in US, 18% in UK and a stagnant Europe in December quarter. Thus, even though TML seems to have circumvented Brexit fears in UK, diesel uncertainty in Europe and high market cyclicality in US markets, China remains a major concern with slowing GDP growth, slowest growth for premium market since 2004 and of course trade wars fears coupled with higher tariffs. Mr. Kenneth Gregor, CFO, JLR clarified, “Outside of China, we actually saw some growth in the US, UK, relatively flat in Europe, a little bit backwards in overseas. But as you can see year on year, the big change has been the China reduction that we've experienced, down 47% in the quarter compared to the same quarter a year ago, clearly offsetting the positive movements we've had on balance in the rest of the world”. The company’s top management have already initiated its China revival plan outlining its focus areas such as dealer profitability through simplified retail incentives than wholesale, support for compensating retail losses, extensive onsite dealer training program and expanding its representation in Tier I cities with lower impact of economic slowdown. Coupled with these measures, TML aims to save 2.5 bn pounds for FY19-20 with 1 bn pound reduction in investments, 0.5 bn pound working capital cut and reducing costs by 1 bn pounds to boost its financial health. Even though these measures would impact long term sustainability, weak China performance continues with 33% sales decline in the year till date. The road seems to be rough and bumpy for Tata Motors for its China operations and on the domestic terrain, ‘Tata Harrier’ competing with Jeep Compass and Hyundai Creta will be a tell all story for Indian customers. As for long term investors, just ‘connecting aspirations’ is not enough, but long-term wealth creation is. Photo: Company image
29-04-2019
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Compact cat: The Jaguar F-Pace is an SUV with a sports coupe feel

 As an urban vehicle, the F-Pace, which is rich in European build quality, delivers on comfort, quality, style and high-tech bells and whistles
26-04-2019
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JLR leans on US amid China slump, Brexit turmoil

 JLRs top executive in the US is aiming for a repeat performance this year
24-04-2019
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TATA MOTORS LTD. - 500570 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate

 Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayTATA MOTORS LTD. 2CININE155A01022 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 9177 4Highest Credit Rating during the previous FY AA+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: H K Sethna Designation: Company Secretary EmailId: hks@tatamotors.com Name of the Chief Financial Officer: P B Balaji Designation: Group Chief Financial Officer EmailId: pb.balaji@tatamotors.com Date: 24/04/2019 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
24-04-2019
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TATA MOTORS LTD. - 500570 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

 Pursuant to above and based on the intimation received from TSR Darashaw Limited, Registrars and Share Transfer Agents ('RTA's) of the Company on April 23, 2019, we would like to inform that the Company has received a letter from the enclosed list of shareholder(s) regarding loss of share certificate(s) with a request for issue of duplicate share certificate(s) in lieu thereof. The exchanges are requested to inform all Broker Members and Investors not to deal in the aforesaid share certificate in any manner. Further, any person who has a claim in respect of the said securities should lodge such claim with the RTA at csg-unit@tsrdarashaw.com, within 15 days from this date. The duplicate share certificate will be issued after the receipt of all necessary documents from shareholders. This is for the information of the exchange and the members.
23-04-2019
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TATA MOTORS LTD. - 500570 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

 Pursuant to above and based on the intimation received from TSR Darashaw Limited, Registrars and Share Transfer Agents ('RTA's) of the Company vide letter dated April 22, 2019, we would like to inform that: a) the Company has received a letter from the enclosed list of shareholder(s) regarding loss of share certificate(s) with a request for issue of duplicate share certificate(s) in lieu thereof. b) the Company has issued the enclosed list of duplicate share certificate(s) in lieu of the original having been lost/misplaced.
22-04-2019
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