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MOTORINDIA
l
June 2012
The recently launched new products con-
tinue to receive positive response. The new-
ly launched Range Rover Evoque clocked
approximately 60,217 wholesale units till
March 2012. Sales from the China region
grew strongly and comprised 19 per cent of
total volumes for the quarter ended March
31, 2012 as against 12.8 per cent for the cor-
responding period the previous year.
Jaguar Land Rover sales for 2011-12,
stood at 314,433 units, the highest-ever,
representing a growth of 29.1 per cent as
compared to the corresponding period last
year supported by new product actions and
strong demand in China and other develop-
ing markets. The Jaguar volumes for the pe-
riod stood at 54,039 units and Land Rover
volumes stood at 260,394 units.
Tata Daewoo Commercial Vehicles Co.
Ltd. registered net revenues of KRW. 767
billion, and recorded a net profit of KRW 3.6
billion in 2011-12.
Tata Motors Finance Ltd., the company’s
captive financing subsidiary, registered net
revenues of Rs. 2,018 crores and reported a
profit after tax of Rs. 240 crores during the
year.
Mr. P.M. Telang, Managing Director
- India Operations, Tata Motors, said:
“We have the traditional products which
are simple, robust, low-cost and easy-
to-maintain and also the superior prod-
ucts such as the Prima range for long-
distance travel providing better comfort,
more safety and improved performance.
Through the Ultra range we offer young
and modern products to go with our LCVs
like the Ace and Super Ace. We have a
large product range, and with a deep
knowledge of the Indian market, we are
confident of translating it in product de-
sign to meet customer expectations. We
are ready with a complete package to
maintain our market share intact”.
w
Mr. Cyrus P. Mistry, Deputy Chair-
man of Tata Sons, has been inducted into
the Board of Tata Motors as a Director.
A Director of Tata Sons since 2006,
Mr. Mistry was appointed Deputy Chair-
man of Tata Sons in November 2011. He
is also a Director of Tata Industries Ltd.,
Tata Steel Ltd., Tata Power Company
Ltd., Tata Teleservices Ltd., and Tata
Consultancy Services Ltd.
Mr. Mistry is a graduate of Civil Engineering from the Imperial Col-
lege, the UK, and has an M.Sc in Management from the London Busi-
ness School.
Cyrus P. Mistry inducted into
Tata Motors Board
vehicle zone
“It is quite obvious that we will see more competition in the
segment. India is a free and growing market while a few oth-
ers such as Brazil, Russia and China have some controls. But
we have been preparing for this by enhancing our market
reach, penetration, customer support and, at the same time,
ensuring that we have the right products to offer.”
– Mr. P.M. Telang, Managing Director - India Operations, Tata Motors,
on the growing competition in the commercial vehicle segment in India.
Focus on Truck industry