Last $48.18 USD
Change Today -0.01 / -0.02%
Volume 206.7K
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Natl India
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As of 9:45 AM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

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tata motors ltd-spon adr (TTM) Details

Tata Motors Limited, together with its subsidiaries, manufactures and sells commercial and passenger vehicles in India. The company’s product portfolio includes compact cars, midsize cars, and utility vehicles; small, light, intermediate, medium, and heavy commercial vehicles; vans, trucks, buses, and defense vehicles; and premium, luxury, and sports cars, as well as all-terrain vehicles. It also develops electric and hybrid vehicles for personal and public transportation. In addition, the company is engaged in the manufacture of automotive vehicle components; and supply chain activities, as well as provides engineering and automotive solutions, vehicle financing, machine tools, and factory automation solutions. The company offers its products and services through its dealership, sales, services, and spare parts networks. Tata Motors Limited also markets its commercial and passenger vehicles in Europe, Africa, the Middle East, Southeast Asia, South Asia, South America, CIS, and Russia. The company was formerly known as Tata Engineering and Locomotive Co. Ltd. and changed its name to Tata Motors Limited in July 2003. Tata Motors Limited was founded in 1945 and is based in Mumbai, India.

66,593 Employees
Last Reported Date: 05/29/14
Founded in 1945

tata motors ltd-spon adr (TTM) Top Compensated Officers

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tata motors ltd-spon adr (TTM) Key Developments

Tata Motors Enters into Algeria with the Launch of its Passenger Vehicle Range

Tata Motors announced the launch of its passenger vehicle range in Algeria. The range includes the Tata Indica and Tata Vista from the hatchback range, and the Tata Indigo and Tata Manza from the sedans. The company has appointed SPA Elsecom for distribution and marketing of the Tata passenger vehicles in Algeria. The new range is now available in dealerships for sale. Tata Motors in association with SPA Elsecom has setup dealerships at Algiers and Oran, with further plans underway to establish 10 additionalsales and service centers,to cover important regions, by the end of the year 2014. The range being introduced is a perfect combination of modern aesthetics and sound suspension, skillfully designed to provide customers with best-in-class vehicle experience. They are all equipped with safety features of ABS and dual airbags and a host of comfort and convenience features. The Vista and Manza offer best-in-class warranty of 5 years/100,000 km. Customer-centric initiatives for an enriched experience include 24-hours parts guarantee and5-year free roadside assistance.

Competition Commission of India Levies INR 13.4646 Billion Penalty on Tata Motors Limited

Tata Motors Limited announced that it has received an order dated August 25, 2014 from the Competition Commission of India (CCI) being one of the 14 Passenger Vehicle Manufacturers wherein a penalty of 2% of the average annual turn-over for the years Fiscal Year 2007-08, 2008-09 and 2009-10 has been imposed. Out of the total penalty levied on 14 Passenger Vehicle Manufacturers of aggregating INR 25.4465 billion, the penalty levied to Tata Motors is INR 13.464 billion being on the consolidated global turnover of the Tata Motors Group (instead of turnover only pertaining to Passenger Vehicle Business, in India). The Order pertains to proceedings initiated by CCI in 2011 for investigating the conduct of several leading Passenger Vehicle Manufacturers alleging restricted covenants imposed by them for supply of spare parts and other diagnostic tools in the after-market. In its Order the CCI has directed the 14 Passenger Vehicle companies to undertake in India compliances and filing of a report within 180 days. The Company would be filing an appeal against this order before the appropriate authorities.

Tata Motors Limited Launches New Zest Sub-Four-Metre Compact Sedan in North India

Tata Motors Limited has launched its new Zest sub-four-metre compact sedan in North India. The vehicle is priced from INR 464,000. The company plans to launch around two new models every year. The company will also launch the Bolt after the Zest.


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