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Sixty-Seventh Annual Report 2011-2012
wholly-owned subsidiary of Jaguar Land Rover.
PT Tata Motors Indonesia - a wholly owned subsidiary of
Tata Motors Limited.
Companies ceasing tobe subsidiary companies
HV Transmissions Limited was amalgamated with TML
Drivelines Limited (formerly known as HV Axles Limited).
Land Rover Parts US LLC was dissolved.
Land Rover Deutschland GmbH was merged into Jaguar
Deutschland GmBH.
Jaguar Italia SpA was merged into Land Rover Italia.
Business of Land Rover Exports Ltdwas transferred to Jaguar
Land Rover Exports Ltd.
Namechanges
HV Axles Limited to TML Drivelines Limited.
Jaguar Land Rover Limited to Jaguar Land Rover plc.
Jaguar Deutschland GmbH to Jaguar Land Rover
Deutschland.
Land Rover Italia SpA to Jaguar Land Rover Italia SpA.
Jaguar Cars Exports Ltd to Jaguar Land Rover Exports
Limited.
Other than the above there has been no material change in the
nature of the business of the subsidiary companies.
Associatecompanies
As at March 31, 2012, Tata Motors had 9 associate companies
and 2 Joint Ventures as disclosed in the accounts.
ENERGY, TECHNOLOGY & FOREIGN EXCHANGE
Details of energy conservation and research and development
activities undertaken by the Tata Motors alongwith the
information in accordance with the provisions of Section
217(1)(e) of the Companies Act, 1956, read with the Companies
(Disclosure of Particulars in the Report of Board of Directors)
Rules, 1988, are given as an Annexure to the Directors‘ Report.
The all-aluminium Jaguar XJ 3.0 V6 twin-turbo diesel has
CO
2
emissions rated at 184g/km.
The Freelander 2 features a new eD4 diesel engine capable
of 4.98L/100km and CO
2
emissions of 158g/km in 2WD.
SUBSIDIARY AND ASSOCIATE COMPANIES
Tata Motors announces consolidated financial results on a
quarterly basis. As required under the Listing Agreement with
the Stock Exchanges, Consolidated Financial Statements of the
Tata Motors Group are attached.
Pursuant to the provisions of Section 212(8) of the Companies
Act, 1956 (Act), the Ministry of Corporate Affairs vide its General
Circular No 2/2011 dated February 8, 2011, has granted a
general exemption subject to certain conditions to holding
companies from complying with the provisions of Section 212
of the Act, which requires the attaching of the Balance Sheet,
Profit & Loss Account and other documents of its subsidiary
companies to its Balance Sheet. Accordingly, the said documents
are not being included in this Annual Report. The main
financial summaries of the subsidiary companies are provided
under the section ‘Subsidiary Companies: Financial Highlights
for FY 2011-12’ in the Annual Report. The Company will make
available the said annual accounts and related detailed
information of the subsidiary companies upon the request
by any member of the Company or its subsidiary companies.
These accounts will also be kept open for inspection by
any member at the Head Office of the Company and the
subsidiary companies.
SubsidiaryCompanies
Tata Motors had 64 (direct and indirect) subsidiaries (9 in India
and 55 abroad) as onMarch 31, 2012, as disclosed in the accounts.
During the year, the following changes have taken place in
subsidiary companies:
Subsidiary companies formed/acquired
Jaguar Land Rover (South Africa) Holdings Limited - a