Statutory Reports
Corporate Overview
69th Annual Report 2013-14
68
Financial Statements
Major Technology imports include:
Sr. No.
Technology for
Year of Import Status
1 Development of Fuel Cell Bus
2011-12
Development and testing in progress
2 Gas Injection technology for LCV, MCV & HCV engines
2009-10
Completed for NA Engines and Productionised
3 Stop - Start feature for various vehicle Platforms
2009-10
Completed
4 ESP (Electronic Stability Program) for Xenon Euro V Vehicle
2012-13
Completed
5 Average Fuel Economy Display for HCV and LCV platforms
2012-13
Implemented
D.
FOREIGN EXCHANGE EARNINGS & OUTGO
Activities relating to exports
The Company exported 49,922 vehicles during the year.
Export initiatives such as goods, products and services
exported include:
The Company executed large and prestigious order in
Myanmar for the MoD and other large bus orders in the Middle
East and procured a large defence vehicle order in Africa with
MINUSMA.
The Company debuted in markets Philippines and expanded
its presence in Myanmar including new 3S facility.
The Company participated in key motor shows and conclaves
around the world such as the Johannesburg International
Motor Show (JIMS), Indonesia International Motor Show (IIMS),
Geneva International Motor Show, Algiers Motor Show, Manila
Motor Show and the Africa Conclave.
New products customized for key international customer
segments were launched – including the Xenon RX, a lower
cost variant in South Asia and the Xenon XT, a premium variant
for South Africa.
Ace Ex2 was launched in Sri Lanka, Bangladesh and Nepal.
Prima was launched in Sri Lanka and South Africa. The Xenon
was launched in Australia.
Whilst Tata Sumo was the best-selling vehicle nameplate,
Safari Storme witnessed a strong debut in Nepal. The
Company is the 3
rd
largest Passenger Vehicle brand in Nepal
in terms of market share.
Development of export markets
The Company is continues to focus on introducing various products
in existing markets as well entering new markets in ASEAN, Africa,
Russia and Latin America.
Export Plans
The Company plans to focus on growing the export business
aggressively in identified geographies by offering customer centric
products and strong after sales support.
Foreign Exchange Earnings and Outgoings
(
`
in crores)
Earning in foreign currency
6,941.73
Expenditure in foreign currency
(including dividend remittance)
2,853.21
On behalf of the Board of Directors
CYRUS P MISTRY
Chairman
Mumbai, May 29, 2014
