Key Developments: Tata Motors Ltd (TAMO.BO)

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Latest Key Developments (Source: Significant Developments)

Tata Motors Ltd's Tata Technologies To Acquire Cambric Corporation
Friday, 26 Apr 2013 03:40am EDT 

Tata Motors Ltd announced that Tata Technologies has signed definitive agreements for the acquisition of US-based Cambric Corporation, an engineering services company. Cambric has three development centres in Romania and its customers include some of the world's marquee heavy machinery, agricultural, off-highway and automotive companies. It provides system level engineering and design capabilities in engine, powertrain, chassis/structures, body, electrical and hydraulic systems to its global customers, Cambric is privately held company with private equity investors holding majority stake in the company. Financial terms of the transaction were not disclosed.  Full Article

AirAsia Bhd Denies Plan For Malaysia Venture With Tata Motors Ltd-DJ
Friday, 22 Feb 2013 02:18am EST 

Dow Jones reported that AirAsia Bhd has no plan to establish a joint venture (JV) in Malaysia with Tata Motors Ltd to build low-cost vehicles. The Mint newspaper reported that the companies are considering an alliance to make Tata Motors' Nano minicar and light commercial vehicles such as the Ace, Magic and Winger in Malaysia. AirAsia has no knowledge about the possibility of such an alliance, a spokesman for the Malaysia-based airline operator told The Wall Street Journal.  Full Article

Tata Motors Ltd To Launch 6 Heavy Duty Trucks-Business Line
Friday, 15 Feb 2013 07:00pm EST 

Business Line reported that Tata Motors Ltd's Business Unit (CVBU) is set to launch six heavy duty trucks along with an intelligent vehicle and driver management solution Tata FleetMan Telematics Services. The vehicles set for launch on February 16, 20113 are Tata LPT 3723 – 37 tonner cargo trucks, LPK 3118 – 31 tonner tipper, Prima 3138 K–380 HP mining Tipper, Prima LX 4023 S–40 Tonner Range Prima Trailor, Prima LX 4923 S–49 Tonner Range Tractor and Tata Prima 4938 S–49 Tonner Range Tractor.  Full Article

Tata Motors Ltd Receives BEL Order-Business Line
Wednesday, 13 Feb 2013 07:00pm EST 

Business Line reported that Tata Motors Ltd has bagged Bharat Electronics Ltd (BEL) order for 6x6 multi-axle mobility vehicles to mount radar applications for the Indian Air Force. The Tata 6x6 multi-axle vehicle will give BEL’s radar system the mobility to be placed strategically, at almost any location, to detect both low-flying aircraft and spy planes or unmanned aerial vehicles. Tata Motors will supply 26 such vehicles to BEL Bangalore.  Full Article

Tata Motors Ltd's Jaguar Land Rover Automotive plc Announces Pricing Of $500 Million Senior Notes Offering
Monday, 28 Jan 2013 09:46pm EST 

Jaguar Land Rover Automotive plc (the Issuer), the parent company of the Jaguar Land Rover group of companies and a subsidiary of Tata Motors Limited announced the pricing of $500 million Senior Notes due 2023 at a coupon of 5.625% per annum (the Notes). The Notes will be guaranteed (the Guarantees) on a senior unsecured basis by Jaguar Land Rover Limited, Land Rover, Jaguar Land Rover North America LLC, Land Rover Exports Limited and Jaguar Land Rover Exports Limited (the Guarantors). The net proceeds from the issuance and sale of the Notes will be used for general corporate purposes, including to support Jaguar Land Rover’s on-going growth and capital spending plans.  Full Article

Tata Motors Ltd to Set up Plant in Romania-Auto Business News
Monday, 28 Jan 2013 07:00pm EST 

Auto Business News reported that Tata Motors Ltd is likely to establish a production facility in Romania. has reported that the Company has expressed an interest in a site at the Tetorom Three industrial park at the Jucu village, which is being promoted by the Cluj County Council near the city of Cluj. The facility will become a fully-fledged facility producing passenger cars, commercial vehicles and buses for the European markets. It will also produce the new Tata Nano, which will be compliant with the new European Union emission regulations.  Full Article

Tata Motors Ltd's Jaguar Land Rover To Raise INR2,100 Crore (INR21 Billion) To Fund Growth-The Economic Times
Wednesday, 23 Jan 2013 07:26pm EST 

The Economic Times reported that Tata Motors Ltd-owned Jaguar Land Rover said it will raise $400 million (over INR2,100 crore) through issue of bonds to support operational costs and future growth plans. The notes will be guaranteed on a senior unsecured basis by Jaguar Land Rover, Land Rover, Jaguar Land Rover North America, Land Rover Exports and Jaguar Land Rover Exports, it added. The net proceeds from the issuance and sale of the notes will be used for general corporate purposes, including to support Jaguar Land Rover's ongoing growth and capital spending plans, the Company said.  Full Article

Tata Motors Ltd's JaguarLand Rover Starts Assembly of Two XF Variants in India-DJ
Monday, 21 Jan 2013 04:33am EST 

Dow Jones reported that Tata Motors Ltd's Jaguar Land Rover PLC, has started assembling two variants of its Jaguar XF sedan in India, a step that will allow the company sell the model at cheaper prices to local customers. Locally assembled vehicles attract lower taxes in India, compared with fully built imported vehicles. JaguarLand Rover has started assembling the sedan with a 3.0-litre diesel engine at its facility in western India's Pune city.  Full Article

Tata Motors Ltd Undertakes Major Restructuring-The Economic Times
Monday, 14 Jan 2013 08:17am EST 

The Economic Times reported that Tata Motors Ltd' Managing Director, Karl Slym, has initiated a restructuring exercise with an intent to become by 2020, the second largest car maker in sales and maintain leadership position in the commercial vehicle space in the country. The Company has come out with a common vision statement for two verticals - commercials vehicles and passenger cars, instead of earlier norm of a separate vision statement for both. Tata Motors is also aiming to reposition micro car- Tata Nano to excel consumer perception. With the market going through difficult times, Tata Motors is currently operating a single shift for five days across various plants, the report noted.  Full Article

Tata Motors Ltd's Subsidiary Jaguar Land Rover's China Unit To Recall Cars Over Safety Worries-Reuters
Tuesday, 25 Dec 2012 07:44am EST 

Reuters reported that Tata Motors Ltd owned Jaguar Land Rover's Chinese subsidiary will recall 337 cars because of substandard fixings in their brakes and steering boxes, China's national product quality watchdog said. The General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website that Jaguar Land Rover's China unit is recalling 190 cars of 2012 Evoque and Freelander vehicles produced on June 11, 2012. The agency's statement said the recall was prompted by concerns that substandard fixings in the vehicles' rear brake calipers may lead to brakes failing and sudden tyre deflation. The agency said another 147cars of 2012 Evoque and 2013 Evoque vehicles made between October 20, 2012 and September 18, 2012 will also be recalled due to problems in their steering boxes, which contain security risks.  Full Article

TABLE-India's Tata Motors Sept vehicle sales down 8 pct y/y

Oct 1 - India's Tata Motors Ltd's vehicle sales in September: Sept 2014 Sept 2013 Pct change TOTAL SALES 46,118 50,387 -8 DOMESTIC SALES 40,874 45,958 -11 COMMERCIAL VEHICLES 28,943 33,119 -13 PASSENGER VEHICLES 11,931 12,839 -7 EXPORTS 5,244 4,429 18 NOTE: Tata Motors makes commercial vehicles and passenger cars,

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