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Key Developments: Tata Motors Ltd (TAMO.BO)

TAMO.BO on Bombay Stock Exchange

5 May 2016
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Latest Key Developments (Source: Significant Developments)

Tata Motors Ltd's Jaguar launches XF Aero-sport-Business Standard
Friday, 3 Jul 2015 01:35am EDT 

Tata Motors Ltd:Says company owned Jaguar announced the launch of XF Aero-sport at 5.2 mln (ex-showroom Mumbai, Pre- Octroi)-Business Standard.The 2.2-litre diesel engine with a maximum power output of 140 kW @3500 rpm and maximum torque of 450 Nm @2000 rpm.  Full Article

Tata Motors Ltd appointment of Chief Financial Officer
Wednesday, 1 Jul 2015 06:29am EDT 

Tata Motors Ltd:Says C. Ramakrishnan has been appointed as Tata Motors’ Group Chief Financial Officer w.e.f. July 01.  Full Article

Tata Motors Ltd's Jaguar Land Rover recalls 169 vehicles - China Business Newswire
Saturday, 27 Jun 2015 08:00pm EDT 

Tata Motors Ltd:Says Jaguar Land Rover announced a recall of 169 autos on Mainland China due to defective head lamps starting June 26th, 2015, according to the General Administration of Quality Supervision, Inspection and Quarantine website - China Business Newswire.The recall involves imported Jaguar XK model autos produced between July 19th, 2011 and July 10th, 2012.  Full Article

Tata Motors Ltd's JLR officials in US to discuss new plant-Business Standard
Thursday, 5 Feb 2015 04:14am EST 

Tata Motors Ltd:Says executives of Tata Motors-owned Jaguar Land Rover met the governor of Georgia, US to discuss setting up a new factory in the state, a local newspaper reported-Business Standard.  Full Article

Tata Motors Ltd to raise an additional 3.00 bln Indian Rupees through bonds-Business Standard
Monday, 3 Nov 2014 03:29am EST 

Tata Motors Ltd:Is expected to raise an additional 3.00 bln Indian Rupees through the sale of bonds carrying a 9.35 pct coupon rate-Business Standard.  Full Article

Tata Motors Ltd issues $750 million senior unsecured notes
Monday, 27 Oct 2014 02:23am EDT 

Tata Motors Ltd:Announces the pricing of a dual-tranche $750million senior unsecured notes following demand aggregating 4.50 Bn for the Offering that was launched and priced within a single day on Oct. 23.Says the Notes issued include: - $500 million senior unsecured notes due 2020 at a coupon of 4.625 pct per annum and $250 million senior unsecured notes due 2024 at a coupon of 5.750 pct per annum.Says the proceeds from the issuance and sale of the Notes will be used to refinance external commercial borrowing of the company, incur new additional capital expenditure and for general corporate purposes.Says the notes are expected to be settled by Oct. 30.Says the Joint Lead Managers & Bookrunners for this offering were ANZ, Citigroup, Credit Suisse and Standard Chartered Bank.  Full Article

Tata Motors Ltd and Microlise team up for fleet telematics in India-Business Standard
Thursday, 11 Sep 2014 09:00am EDT 

Tata Motors Ltd:And Microlise announce their partnership to bring in the latest global Fleet Telematics solutions to the Indian Market-Business Standard.The agreement, signed for an initial period of five years, envisages both partners will deliver Fleet Management services to the Indian transport industry through the Tata Fleetman platform.  Full Article

Tata Motors Ltd receives orders for over 2,700 buses-Business Standard
Tuesday, 2 Sep 2014 08:10am EDT 

Tata Motors Ltd:Has received orders for over 2,700 'urban' buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme-Business Standard.The company had received an order from KSRTC (Karnataka State) to supply 487 buses and another for 780 buses from HRTC (Himachal) for Tata Marcopolo built buses as per Urban Bus Specifications under JNNURM - II scheme.  Full Article

Tata Motors Ltd announces imposed penalty by Competition Commission of India
Tuesday, 26 Aug 2014 08:00am EDT 

Tata Motors Ltd:Has received an order from the Competition Commission of India (CCI) being one of the 14 Passenger Vehicle Manufacturers.It is wherein a penalty of two pct of the average annual turn-over for the years FY 2007-2008, 2008-2009 and 2009-2010 has been imposed.The penalty levied to Tata Motors is 13.4646 bln Indian Rupees.The company would be filing an appeal against this order before the appropriate authorities.  Full Article

Tata Motors Ltd recommends dividend
Thursday, 29 May 2014 07:13am EDT 

Tata Motors Ltd:Recommends retaining the dividend at 2 Indian Rupees per Ordinary share (100 pct) and 2.10 Indian Rupees per ‘A’ Ordinary share (105 pct), both of face value of 2 Indian Rupees each for FY2013-14.  Full Article

Fitch Affirms Tata Motors at 'BB'; Outlook Stable

(The following statement was released by the rating agency) SINGAPORE, May 03 (Fitch) Fitch Ratings has affirmed India-headquartered Tata Motor Limited's (TML) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable. The rating reflects TML's small size in relation to global auto majors and its profitable wholly owned subsidiary, Jaguar Land Rover (JLR, BB-/Positive), which accounted for 75% of TML's consolidated revenue and 90% of EBITDA in the financial year

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