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Sixty-Seventh Annual Report 2011-2012
Thailand during the year, which negatively impacted supply
chain partners and the overall demand scenario in Thailand. As
a result, volumes of TMTL at 4,978 units in FY 2011-12, were
down by 17.5% from last year. TMTL launched
TDCV CNG
tractors
and
Super Ace
to boost volumes. The
Nano
is also
currently being tested for sale in Thailand and has a potential to
boost volumes.
TataMotors (SA) (Proprietary) Limited
Tata Motors (SA) (Proprietary) Limited launched the Prima range
of trucks in South Africa alongwith the
TDCV
range of tractor
trailers and the
IndigoManza
at the JohannesburgMotor Show
with a view to increase the product offerings in South Africa.
CUSTOMER FINANCING INITIATIVES
The vehicle financing activity under the brand “Tata Motors
Finance” of Tata Motors Finance Limited - a wholly-owned
subsidiary company, posted improved financial results through
higher disbursements, focus on controlling costs, improving
quality of fresh acquisitions and micro-management of
collections. TataMotors Finance financed 2,30,588 vehicles during
the year as compared to 1,60,781 vehicles in the previous year.
Total disbursements of
`
10,505 crores grewby 32.8% compared
to
`
7,908 crores in the previous year. The disbursals for
commercial vehicles were
`
7,204 crores (1,20,032 units) in
FY 2011-12 compared to
`
6,041 crores (94,446 units) for FY
2010-11. For passenger cars, disbursals were
`
3,301 crores
(1,10,556 units) in FY 2011-12 compared to
`
1,867 crores (66,335
units) in FY 2010-11. Market share in terms of the Tata vehicle
unit sales in India financed by Tata Motors Finance Limited
increased from 21% to 23% in commercial vehicles and from
22% to 35% in passenger cars. Tata Motors Finance Limited
implemented a strategy to manage non-performing assets
(NPA), improve collection efficiencies and enhance the “Risk
Scored Pricing Model” approach. This strategy along with a
thrust on customer relations through a branch based re-
organised field structure, improved operations and profitability,
creating a robust platform to enable future growth.
sale of over 60,000 units in the first six months. The Evoque
received over a 100 awards including Top Gear Car of the
Year, World Design Car of the Year and North American
Truck of the Year.
Expanded the
Jaguar XF
range with a more fuel efficient,
2.2 D XF with an 8 speed automatic gear box.
The introduction of new variants of the
Jaguar XF
as well
as the continued strength of
Ranger Rover
and
Range
Rover Sport
were key contributors to the overall success.
Entered into a JV with Chery Automobiles, China to
develop, manufacture and sell certain Jaguar and Land
Rover vehicles and jointly branded vehicles for the
Chinese market.
Announced a GB£ 355 million investment in new state-of-
the-art facility at Wolverhampton, UK, to manufacture new
advanced low-emission engines.
TataDaewooCommercialVehiclesCompanyLimited
Sales of Tata Daewoo Commercial Vehicle (TDCV) at 9,531 units
were higher by 9% from last year. Tata Daewoo Sales Company
which was established in FY 2010-11, to distribute TDCV
products, has stabilized its operation during the year enabling
TDCV to focus on key accounts and fleet customers.
TataHispanoMotors Carrocera
Tata Hispano Motors Carrocera, S.A. (Tata Hispano) was deeply
affected by the economic downturn in Europe, particularly in
Spain. Sales for the year were at 368 units, down by 27% from
last year. Tata Hispano’s bid for and delivered a prestigious CNG
series hybrid low floor bus order for EMT Madrid during the
year, demonstrating its technological capability. The Company
made a provision for investments in Tata Hispano, arising from
continuous undeperformance impacted by challenging
market conditions.
TataMotors (Thailand) Limited
Tata Motors (Thailand) Limited (TMTL) was affected by floods in