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16
MOTORINDIA
l September 2012
Says Mr. Ratan N. Tata, Chairman: “Tata Motors will
strive to retain its market prominence domestically and in-
ternationally and will continue to be a responsible corporate
citizen wherever it operates and do the right thing for all its
stakeholders and the communities which it serves.”
The automobile sector impacts the lives of millions
worldwide. It creates a huge number of direct and indirect
jobs and drives the quest for new technologies, lighter,
stronger materials as well as new processes and business
models. It has resulted in some of the most important infra-
structure investments in many countries – highway systems
which connect cities, connect production centers to markets
and rural areas, and connect communities separated by water
and mountains through bridges and tunnels. While commer-
cial vehicles constitute one of the main forms of competitive
vehicle zone (cover story)
T
he year 2011-12 proved a mixed
bag for Tata Motors. The company
retained its market leadership in
commercial vehicles and gained further
market strength through the highly suc-
cessful Ace and Magic, its new line of
light pick-up trucks. On the other hand,
passenger car sales were below expec-
tations, even though sales of the Nano
increased over the previous year.