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Production of the new longwheel base Jaguar XFL commenced

at the Chinese joint venture and went on sale locally in

September 2016.

The all new Land Rover Discovery was unveiled in September

2016, with sales commencing in February 2017 .

The new Range Rover Velar was revealed to the public in March

2017 and is the 4th Range Rover model positioned between

the Range Rover Evoque and the Range Rover Sport.

The Jaguar I-PACE concept, JLR’s first battery electric vehicle, was

unveiled in November 2016, with sales commencing in 2018.

JLR opened it’s first wholly owned international manufacturing

plant in Brazil in June 2016.

Production of JLR’s in-house 4 cylinder Ingenium petrol engine

commenced in September 2016 at the Engine Manufacturing

Centre in Wolverhampton in the UK and is now available in the

Jaguar XE, XF, F-PACE, Land Rover Discovery Sport and Range

Rover Evoque. The Ingenium Petrol Engine will also be available

in the new Range Rover Velar from launch.

Construction of the manufacturing plant at Nitra in Slovakia

began in September 2016 and the all new Discovery would be

the first vehicle to be produced at the new plant from 2018.

Jaguar XF won the Auto Express Golden Steering Wheel award

for best saloon car of 2016.

JLR launched it’s InMotion Ventures business unit in April

2016, established to develop innovative solutions aimed at

overcoming future travel and transport challenges. Investments

to date include US$1 million into GoKid (a ride sharing service

for schools) and SPLT (a ride sharing/car pooling platform for

commuters).

Tata Daewoo Commercial Vehicle Company Limited

Tata Daewoo Commercial Vehicle Company Limited (TDCV) sold

10,317 commercial vehicles, higher by 13.2% over Fiscal 2016,

mainly due to increase in domestic sales. TDCV continued the

strong performance, in the domestic market in-spite of increased

competition by selling 8,795 commercial vehicles, registering a

growth of 25.0% compared to sales of 7,036 commercial vehicles

in Fiscal 2016. The market share for both HCV and MCV Segments

put together was 29.6% as compared to 31.0% in Fiscal 2016.

The export market scenario was very challenging in Fiscal 2017.

Factors like persistently low oil prices, local currency depreciation

against the US dollar, continuing statutory regulations to

reduce imports, the slowdown in Chinese economy impacting

commodity exporting countries and increased dealer inventory,

adversely impacted TDCV’s exports in major markets, such as Gulf

Corporation Council, Russia, Algeria, Vietnam and South Africa. The

export sales were 1,522 commercial vehicles, 26.8% lower compared

to 2,080 commercial vehicles in Fiscal 2016.

Tata Motors (Thailand) Limited

Tata Motors (Thailand) Limited (TMTL) sold 1,332 units in Fiscal 2017,

as compared to 1,312 units in Fiscal 2016. The Thai Automobile

Industry has witnessed a flat growth in Fiscal 2017 after 3 straight

years of decline.

TMTL has taken the opportunity to refresh its products, services and

network, as well as, expand the range of offerings to the Thailand

Customers. Fiscal 2017 saw the launch of Super Ace Mint in Q2 of

Fiscal 2017 and Ultra Trucks in later part of the year. Initial response

for Ultra Truck was encouraging. During the year, TMTL exported 317

vehicles to Malaysia against specific order from PoS Malaysia. TMTL is

exploring similar opportunities in other parts of South East Asia and

neighbouring continents.

Tata Motors (SA) (Pty) Limited

Tata Motors (SA) (Pty) Ltd (TMSA) sold 697 chassis in the South

African market in Fiscal 2017 compared to 765 chassis in Fiscal 2016

and exported 6 chassis to Mozambique during Fiscal 2017. TMSA

is in the process of introducing a new range of Ultra truck and few

more new models of Prima in South Africa and is exploring options

to export vehicles to other African countries.

Tata Motors Finance Limited

Tata Motors Finance Limited (TMFL) is the vehicle financing arm under

the brand “Tata Motors Finance.”

TMFL’s total disbursements (including refinance) increased by 3.5%

9,298 crores in Fiscal 2017 as compared to

8,985 crores in Fiscal

2016. TMFL financed a total 1,18,883 vehicles reflecting an increase

of 6.0% over 1,12,114 vehicles financed in Fiscal 2016. Disbursements

for commercial vehicles decreased by 4.8% and were at

7,127 crores

(77,898 units) as compared to

7,485 crores (75,970 units) of Fiscal

2016 mainly due to lower disbursements in the M&HV segment.

Disbursements of passenger vehicles increased by 14.3% to

1,542

crores (34,126 units) from a level of

1,350 crores (33,185 units).

Disbursements achieved under refinance (through TMFSL, a 100%

Subsidiary of TMFL) were at

628 crores (6,859 vehicles) as compared

150 crores (2,959 vehicles) during Fiscal 2016.

TMFL has increased its reach by opening limited services branches

(called Spoke and Collections branches) exclusively in Tier 2 & 3

towns, which has helped in reducing the turn around time to improve

customer satisfaction. TMFL had 261 branches at the end of Fiscal

2017. The book size of TMFL’s corporate lending business, which

includes providing finance to TML’s Dealers and Vendors, increased by

21.4% from

947 crores in Fiscal 2016 to

1,150 crores in Fiscal 2017.

As a part of restructuring and consolidation of financial services, the

Scheme of Arrangement between TMFL and Sheba Properties Limited

(Sheba), wholly owned subsidiary of TMFL, became effective on May

9, 2017. Based on the restructuring plan, TMFL has transferred its

New Vehicle Finance (NVF) business to Sheba on January 31, 2017

(appointed date for transfer of assets of NVF Business).