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technology and reliability, the acquisition of a car continues to have an
important element of emotional buyer attraction based on design, style
and visual appeal which results in a sale.
The automotive industry has been, andprobablywill always be, a barometer
of the economic health of a nation, and remains a symbol of a nation’s
prosperity. It will play an important role in the development of India. Tata
Motors will strive to retain its market prominence domestically and
internationally 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.
In ending, I would like to express my special thanks and deep appreciation
to all the employees of Tata Motors in India, the Republic of Korea and other
locations for their commitment and dedication to meet the Company’s
goals. I especially want to recognize and express my appreciation to the
employeesof JLRfor their impressiveachievement intheoverallperformance
of JLR in the year under review. I would also like to express my deep
appreciation to you, our shareholders, for the support and understanding
you have given to us in good times and bad.
Without the support of employees and without the understanding and the
support of our unions and shareholders, none of what we have been able
to do could have been achieved.
Mumbai, June 21, 2012
Chairman
CORPORATE OVERVIEW
STATUTORY REPORTS (46 – 122)
FINANCIALS (123 – 204)
FINANCIAL HIGHLIGHTS (32 – 45)
11
Chairman’s Statement