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16th July, 2008 -- A meeting of the Board of Directors of Tata Motors Limited will be held on Wednesday, July 30, 2008, at the Registered Office of the Company to consider, inter alia, the Audited Results for the 1st Quarter ended June 30, 2008 of the Accounting Year 2008-09, pursuant to Clause 41 of the Listing Agreement.
Source: Tata Motors Limited
A fuel efficient range offering better operating economy in two variants - City and Highway, catering to different applications
July 8, 2008 -- Tata Motors is introducing a new range of Super Milo bus chassis across the country. As the name suggests, the Super Milo range delivers superior operating economies. The Super Milo range is available in two variants -- City and Highway -- each with customised parameters calibrated for their individual applications.
Both variants are powered by the BS II complaint 697 TCIC 130 HP engine. The higher power and better torque at a lower engine rpm -- 130 HP@2400 rpm and a torque of 410 Nm@1400-1700 rpm -- result in better pick up, and more mileage.
The sale is the culmination of Ford’s decision last August to explore strategic options for the Jaguar Land Rover business, as the company accelerates its focus on its core Ford brand and “One Ford” global transformation. It also allows Jaguar Land Rover to focus on delivering what is best for its business.
As part of the overall sale agreement between Ford and Tata Motors, Ford will continue to supply Jaguar Land Rover with engines, stampings and technology, including a range of environmental technologies.
2nd June, 2008 -- Tata Motors today announced an increase in the prices of its passenger vehicles. The increase is effective from today, June 2, 2008.
The increase on the Tata Indica, the Tata Indigo and the Tata Indigo Marina is in the range of 1 to 2%. The increase on the Tata Sumo and the Tata Safari is in the range of 2 to 3%.
The price increase was necessitated due to the continuous increase in input costs.
Source: Tata Motors Limited
June 2, 2008 -- Tata Motors today acquired the Jaguar Land Rover businesses from Ford Motor Company for a net consideration of US $2.3 billion, as announced on March 26, in an all-cash transaction. Ford has contributed about US $600 million to the Jaguar Land Rover pension plans.
Mr. Ratan N. Tata, Chairman of Tata Sons and Tata Motors, was present at the handing over ceremony at the head quarters of Jaguar Land Rover at Gaydon in the UK along with Mr. Don Leclair, the Executive Vice President and Chief Financial Officer of Ford Motor Company, and Mr. Lewis Booth, Executive Vice President of Ford Motor Company, who has responsibility for Ford of Europe, Volvo and Jaguar Land Rover.
Growth of 9% over 42,558 nos. last year
2nd June, 2008 -- Tata Motors reported a total sale of 46,339 vehicles (including exports) for the month of May 2008, a growth of 9% compared to 42,558 vehicles sold in May last year. Cumulative sales for the company at 84,488 nos., grew by 2%.
Commercial vehicles grow by 15%, Passenger vehicles grow by 9%,
M&HCV sales grow by 12%, LCV sales grow by 17%
Indigo family records 105% growth, Utility Vehicles record 49% growth
May 28, 2008 -- Tata Motors today reported consolidated gross revenue of Rs. 40340.79 crores in 2007-08, a growth of 9.3% compared to Rs. 36922.61 crores in 2006-07.
The consolidated revenues (net of excise) at Rs. 35651.48 crores posted a growth of 10.2% over Rs. 32361.20 crores in the previous year. The Consolidated Profit before Tax (PBT) for the year was Rs. 3086.29 crores compared to Rs. 3088.00 crores. The Consolidated Profit after tax (PAT) for the year was Rs. 2167.70 crores, a marginal decrease over Rs. 2169.99 crores in the previous year.
Tata Motors has reported a Basic Earnings Per Share (EPS) of Rs. 56.24 for its consolidated operations as against Rs. 56.43 in 2006-07.
Tata Motors stand-alone financial results
Financial year ended March 31, 2008
28th May, 2008 -- At the Board Meeting of the Company held today, the Board, inter alia, decided to raise an amount of about Rs.7,200 crores through three simultaneous but unlinked Rights Issues of the following securities:-
1. A Rights Issue of Equity Shares upto Rs.2,200 crores;
2. A Rights Issue of ‘A’ Equity Shares carrying differential voting rights (1 vote for every 10 ‘A’ Equity Shares) upto Rs.2,000 crores;
3. A Rights Issue of 5-year 0.5% Convertible Preference Shares (CCPs) upto Rs.3000 crores, optionally convertible into ‘A’ Equity Shares after 3 years but before 5 years from the date of allotment.
16th May, 2008 -- Tata Motors today announced the launch of the Tata Indica V2 Xeta LPG. The Indica V2 Xeta LPG is equipped with a dual fuel (petrol and LPG) engine, which reduces CO2 emissions by about 10%, while delivering excellent fuel efficiency both in the city and on highways.
The new Xeta LPG comes with a 1.2 litre MPFI engine with two ECUs (Electronic Control Units) in master-slave configuration. It generates a maximum power of 65.3 PS @ 5000 rpm with petrol and an equally peppy 62 PS @ 5000 rpm with LPG. The peak torque of 102Nm @2600 rpm ensures a smooth drive in city conditions. The engine meets BSIII emission norms, but can be upgraded to meet Euro IV norms.
Triumphant return after over 13,000 km in over 70 days
May 7, 2008 -- The over 13,000-kilometre Ferrari Magic India Discovery Drive made a triumphant return to Mumbai this evening, exactly as per the drive programme. The cars were received at the Gateway of India, close to the starting point of the drive, in a grand ceremonial flag-in event.
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