ABOUT TATA MOTORS

KEY PERSONS

ACHIEVEMENTS

ABOUT

Company History - Tata Motors

1945

- The Company was incorporated on 1st September at Mumbai to

manufacture

diesel vehicles for commercial use, excavators, industrial

shunter, dumpers, heavy forgings and machine tools.

- The commerical diesel vehicles which were known `Tata Mercedes

Benz'

(TMB) are now called `Tata' vehicles after the expiry of the

collaboration agreement with Daimler-Benz AG, West Germany. The

company also used to manufacture pulp and paper making machinery.

1946

-Tata Enginering undertook manufacture of 5000 'KC' broad gauge open

wagons for the Indian Railway.

-The Managing Agency Tata Sons was transferred to Tata Industries on

July 1, 1946. The Managing Agency system continued till it was

abolished by an act of Parliament in 1970.

1948

-Steam Road Roller introduced in collaboration with Marshal Sons

(UK)

1950 Collaboration signed with M/s Krauss-Maffei, W. Germany for

manufacture of steam locomotives 1954 Collaboration with M/s Daimler

-Benz AG, W.Germany, for the manufacture of medium commercial

vehicles

at Jamshedpur.

1956

- Steel foundry set up in collaboration with Usines Emile Henricot

of

Court St. Etienne, Belgium.

1959

- Research and Development Center set up at Jamshedpur.

1960

- The company's name, which was Tata Locomotive & Engineering

Company

Ltd.was changed to Tata Engineering & Locomotive Company Ltd.

1961

-Collaboration with M/s Pawling & Harnischfeger (P&H), U.S.A. for

manufacture of cable type excavators and cranes.

1963

- A project for the production of large press tools and complex dies

was undertaken in collaboration with Raymond. F. Thompson

(Engineers)

Ltd. UK.

1965

- With effect from 1st July the Investa Machine Tools and

Engineering

Co. Ltd. was amalgamated with the company and it became the Machine

Tool Division.

1968

-Vehicle manufacture facilities steadily built up at Pune 1968

Collaboration with M/s Hueller Hille Gmbh, W. Germany, for the

manufacture of unit construction special purpose machines.

1970

- Consequent to the amalgamation of Central Bank of India, Ltd.,

thecompany issued and allotted to the shareholders of erstwhile

CentralBank of India, Ltd., 11,39,208 - 7.75% mortgaged debentures

of

Rs.100each on 1st October. Option was given to convert 50% of their

facevalue of a block of 5 debentures into one equity share of the

Companyat a premium of Rs.150 per share.

- Consequently 3,19,825 debentures were submitted to convert 50% of

their face value into 63,965 No. of equity shares. These shares

were

issued on 31st March 1975.

- Subsequently, 3,19,824 debentures of Rs.50 each were consolidated

into 1,59,912 debentures of Rs.100 each. As per the terms of issue,

these debentures were to be redeemed at par anytime between

1.10.1975

to 30.9.1982.

1971

- Central Bank of India Ltd., was merged with the Company with

effect

from 24th April. Allotment of shares and debentures as per the

terms

of the scheme of amalgamation to the shareholders of Central Bank of

India Ltd., was completed during January-March 1972.

1972

- During the year company made a sale of know-how to Tata Precision

Industries Pvt Ltd in Singapore for the design and production of

machinery and tools. The company was also appointed the technical

consultants to TPIL for a period of 10 year for which the Company

was

to receive a royalty of 3.5% of net sales for seven years commencing

from the date TPL start making profit.

1974

- The company entered into a joint venture with Tata Industries

Sdn.Bhd. of Malaysia for the assembly of the Telco vehicles in

Malaysia.

1979

- The company issued 10,50,000-11% 7 year unsecured convertible

bonds

of Rs.450 each at par at an aggregate value of Rs.47.25 crores as

follows: 2,54,701 bonds as rights to shareholders other than

Daimler-Benz AG, West Germany: 1,44,444 bonds to Daimler-Benz Ag,

West

Germany; 1,15,355 bonds to employees and directors of the Company

and

5,35,500 bonds to the public. The public offer as made during

October

1980 and it was oversubscribed by five times. Conversion of bonds

into

equity shares will took place in 1983-84 and 1987-88.

1983

- The company issued 15% secured non convertible debentures of

Rs.100

each aggregating to 30 crores in order to augment the long-term

funds

for working capital requirements and to meet the capital expenditure

on

its modernisation and replacement programme. This issue was made

under

the schemes, viz.,

- (i) Cumulative interest payment scheme and

- (ii) non-cumulative interest payment scheme, which the applicant

could choose. It also offered these debentures simultaneously to

other

categories of persons like the resident convertible bondholders,

debenture holders, depositors, preference shareholders, directors

and

the Company's employees, their friends and relations and business

associates of the Company. These are redeemable at a premium of 5%

on

1st Nov. 1997 under the non-cumulative interest payment scheme and

in

three equal annual instalments starting from 1st November 1997 under

the cumulative interest scheme. The interest rate has been reduced

to

14%. The company also privately placed 5,500,000-15% NCD's of

Rs.100

each of the series.

- 1,83,839 No. of equity shares issued (prem. Rs 14.79 per share) to

holders of 10.5% deb. 10,10,696 No. of Equity Shares allotted (prem.

Rs

60.70 per share) in conversion of 11% bonds (I Option).

1984

- The Govt. approval was received for increasing the vehicle

manufacturing capacity to 35,520 vehicles per annum thereby bringing

the total licensed capacity to 78,000 vehicles. A letter of intent

was

received for setting up a new plant for the manufacture of 9000

vehicles per annum in U.P which was later converted into an

industrial

licence.

-Collaboration with M/s Hitachi Construction Machinery Co. Ltd.,

Japan,

for manufacture of hydraulic excavators. Expansion of capacity at

Pune.

1984

-Collaboration with M/s Hitachi Construction Machinery Co. Ltd.,

Japan,

for manufacture of hydraulic excavators.

1985

- All the dies and many of the machine tools and production devices

required for the new `TATA 407' and `TATA 608' series were produced

by

the Company in Capital Goods Division. The company started making

CNC

machines in Capital Goods Division and its engineers were receiving

know-how and training from Nachi-Fujikoshi and Niigata of Japan with

whom the Company was collaborating in these fields. A new

electronics

centres was also commisioned at Pune to support the manufacture and

maintenance of this new generation of CNC machines.

-Collaboration with Niigata Engineering Co. Ltd, Japanfor NC / CNC

Horizontal Machining Centers and with Nachi-Fujikoshi Corp., Japan

for

NC /CNC In line Machining Centers and flexible manufacturing

systems.

1986

- The company issued 40,00,000 15% NCD's at the rate of Rs.100 each

for

Rs.40 cr on rights basis. Subsequently 20,00,000 additional

debentures

were issued to retain over-subscription. These were allotted on 31

Dec. 1986 and are redeemable in 3 equal instalments off Rs 35 each

at

the end of the 7th, 8th, and 9th year at a premium of 5% being

included

in the 1st instalment.

1987

- The Company offered during August/September 11,15,790-12.5%

secured

convertible debentures of Rs.950 each as follows: (i) 8,87,368

debentures to the existing shareholders in the proportion of 1

debenture for every 6 equity shares held: (ii) 1,75,789 debentures

to

the holder of 11% convertible bonds in the proportion of 1 debenture

for every 6 bonds held and (iii) 52,633 debentures to the employees

(including Indian Working Directors)/workers of the Company on an

equitable basis (only 35,864 debentures were taken up). Additional

2,65,789 convertible debentures were issued to retain over

subscription

in the cartegories (i) and (ii).

- 10,10,196 Equity shares allotted (prem. Rs 60.70 per shares) in

con.

of 11% bonds in 1987-88. 40,69,573 No. of Equity shares allotted in

con. of 12.5% deb. in 1988-89.

1988

- The Tata mobile pick up entirely designed and engineered by Telco

was

launched in July 1988. It also obtained know how for the

manufacture

of thin walled automotive aluminium castings from Kloth Senking

Metallgiesserei Stahl Gmbh, West Germany. A portion of Rs.550 of

each

debenture issued in 1987 got converted into 2 equity shares of

Rs.100

each at a premium of Rs.175 on 1st April 1988. A part of the

remaining

debentures were converted into 13,39,953 equity shares on 1st

October

1988. The balance was either retained by the holders as debentures

or

sold back to the company by them at face value.

- During the year company undertook to set up a new forge shop, a

high

output foundry line, a new paint shop as well as augmentation of

engine

and gearbox manufacturing facilities, all at Jamshedpur. Test

facilities such as specially constructed gradient track to check the

climbing capability of vehicles and their ability to start on an

incline was added to the Engineering Research Centre at Pune.

- During the year company negotiating with Daimler-Benz for

manufacturing their World Concept Truck in India. These vehicles

were

to be marketed overseas by Daimler-Benz under their brand which

would

lead to technological upgradation of the existing range of vehicles

in

India.

1989

- The company acquired 25% of the market share in the light

commercial

vehicles. The company signed an agreement with Hitachi Construction

Machinery Co.Ltd. Japan for the manufacture of a more advanced

series

of hydraulic excavators ie, `EX'series.

- During the year, Nachi-Fujikoshi, a collaborator of the Company

agreed to buy the online machinery centres made in Telco's machine

tool

division. A letter of intent was also received for supplying

vehicle

aggregates to Mercedes Ben 355 Indonesian Partner.

- During the year company obtained know-how for the manufacture of

thin-walled automotive aluminum casting from Kloth Senking

Metallgiesserei GmbH, a subsidiary of Salzgitter Stahl GmbH, West

Germany.

- 57,000-13.5% pref. shares redeemed. Equity shares sub-divided on

5.1.1990. 8,590 No. of equity shares of Rs 10 each issued (prem. Rs

30

per share) in part conv. of 12.5% debs. (Part B)>

- The Company entered into an agreement with Cummins Engine Company

Inc. USA for forming a 50% - 50% joint venture to produce fuel

efficient engines with low-commission characteristics for powering

the

Company's range of Medium/heavy vehicles. The Company was

incorporated

in October 1993. Its factory is to be established at Jamshedpur.

1990

- A new model of earthmoving equipment the TWK-3036 Tata Front End

Wheel Loader was introduced.

- 57,000 - 13.5% pref. shares redeemed.

1991

- During the year the company entered into a collaborative agreement

with an internationally renowned engine research and development

organisation to jointly develop higher horsepower, fuel efficient

diesel and petrol engines to meet the future requirements of the

company.

- The last quarter saw the company launching two new passenger

vehicles, the SIERRA and the ESTATE totally designed and

manufactured

in India. The company acquired a BIFR company, M/s Noduron Founders

Maharashtra Ltd. The total cost for Telco worked out to Rs.18

crores

as against setting up of similar critical castings foundry.

- During the year company launched a new earth moving equipment

TWK-3036 Tata Front End Wheel Loader.

- During February 1991 the company issued 207,34,603-12.5% secured

partly convertible debentures of Rs.150 each on rights basis to the

equity shareholders in the ratio of 5. Additional deb. 30,65,092

were

allotted to retain oversubscription. Simultaneously 10,36,730 deb

were

offered to employees and an additional issue of 1,55,510 deb was

made

to retain oversubscription. All deb. were alloted on 25 April 1991.

Part `A' of Rs. 50 was to be converted into 1 equity share of Rs 10

each at a premium of Rs 40 per share at the end of six months from

the

date of allotment. The balance of Rs.100 of part `B' of each

debenture

would be redeemed at the end of the 8th year from the date of

allotment.

- All Pref. Shares redeemed. 248,24,008 equity shares allotted in

conversion of debs. (3,340 shares-prem. Rs 30 per share; 27,60,868

shares (fully paid) prem. Rs 40 per share and 220,59,800 shares

(partly

paid) prem. Rs 20 per partly paid share.

- Two new models in the EX series of hydraulic excavators were

launched. A 10 tonne pick and carry articulated crane, designed and

developed in-house was also introduced.

1992

- During this period two new models in the EX series of hydraulic

excavators were launched. And a 10 tonne pick and carry articulated

crane, designed and developed in-house was also introduced. With

the

help of Hitachi Construction Machinery Co. Ltd., EX-400 model

Hydraulic excavator was introduced during the year.

- The Company undertook to estabish a joint venture with

Mercedes-Benz

to manufacture automobile products for sale in India and to meet the

needs of export markets. The project also included the possibility

of

manufacture of a Mercedes Benz passenger car for the domestic and

foreign markets. Mercedes-Benz India Pvt. Ltd., was incorporated on

November 1994 which commenced initial assembly of cars in March

1995.

- During the year company entered into an agreement with

Nachi-Fujikoshi Corporation, Japan to manufacture arc and spot

welding

robots suitable for automobile manufacturing applications.

- During the year, company undertook to set up a joint venture with

Asian Glass Co. Ltd., Japan to manufacture float glass to be used as

wind shields for automobiles. ACC along with Tata Exports Ltd.,

participated in the joint venture. The joint venture named as

Floathlass India Ltd., the Company would have a stake of 16.33%.

- Tata Cummins Ltd., Mercedes-Benz (India) Ltd., Tata Holset Ltd.,

Tata

Precision Industires, Singapore and Nita Company Ltd., are the joint

Ventures of the Company.

- 1,83,823 equity shares allotted without payment in cash to members

for Noduron Founders Ltd. on its merger. Another 1,54,809 equity

shares allotted (prem. Rs.40 per share) in conversion of debentures.

1992

- Production of MCV's commenced at Lucknow.

1993

- During the year company introduced the Tata full forward 609 LP

bus

and Tata 609 SFC semi forward version. It was proposed to introduce

new four cylinder petrol engine during mid 1995.

- During the year Telco entered into an agreement with Cummins

Engine

Company Inc. USA for forming a 50%-50% joint venture to produce fuel

efficient engines with low-commission characteristics for powering

the

Company's range of Medium/heavy vehicles. Its factory is to be

established at Jamshedpur for an annual output of 67,000 engines.

- Tata vehicles were launched in Argentina Chill, Paraguay etc.

- Joint Venture Agreement signed with Cummins Engine Co. Inc.to

manufacture high horsepower and emission-friendly diesel engines for

medium and heavy commercial vehicles.

1994

- During the year company introduced the Tata SUMO and LPT 709.

Thecompany developed a new fuel injected, 4 cylinder petrol engine

withthe assistance of AVL Austria.

- During the year company manufactured 4 basic robot for spot

welding,

sealant application and arc-welding. Also manufactured a 3 axis

copy

milling machine, a 2 station 2 spindle fine boring machine and a

crank

pin milling machine.

- On 22nd April an agreement was entered into between Daimler-Benz

AG

and Merceded Benz India to manufacture `E' Class paneyer cans and

engines in India. The project is to be located at near Telco's

factory

in Pune with capacity to manufacture 20,000 cars and 30,000 engines.

- Tata Technologies (India) Ltd., Sheba Properties Ltd., and

Matruchhaya Capital and Finance Ltd., are all subsidiaries of the

Company.

- On September, the company jointly with Tata Exports Ltd., and Tata

Industries Ltd., signed an agreement with Holset Engineering Ltd. UK

to

set up a joint venture company to manufacture Holset turbochargers.

Accordingly Tata Holset Private Ltd., was established on 20th

December.

- During the same year a new foundry was commissioned at Pune to

produce high pressure die cast and granting die-cast aluminium

components for automobiles. Production commenced from March.

- During July, the company offered 36,11,758 Global Depositary

shares

and 36,11,758 warrants along with international units purchase 1

Each

warrant entitiled the holder to share of US $ 15.46 (Subject to

adjustment in case of bonus/Right issue) during the period of 8th

March.

- Effective 25th July, the Company allotted 82,14,288 shares of Rs

10

each against the GDRs.

- The Company successfully launched high performance, low emission

and

fuel efficient medium commercial vehicles with cummins engines in

Kuwait, Kenya, Zambia and Ghana.

- The Company also proposed to introduce vehicles with cummin

engines

in the heavy commercial vehicles segment.

- Taking advantage of the broad banding policy announced by the

Government of India, the Company entered into a collaboration

agreement

with Honda Motor Co. Ltd., Japan, for the manufacture of their

`ACCORD'

model of cars in India.

- A shovel version of model EX 300 LC was introduced.

- A 6 tonne mini excavator was launched.

- On 22nd April, an agreement was entered into between Daimler-Benz

AG

and Mercedes Benz AG, Germany to setup a joint venture company

Mercedez-Benz India to manufacture `E' class paneyer cans and

engines

in India.

- Tata Technologies (India) Ltd., Sheba Properties Ltd., and

Matruchhaya Capital and Finance Ltd., are all subsidiaries of the

Company.

- 82,14,288 shares allotted against GDR.

1995

- During the year a new double pick-up and Army Version of various

Telco Vehicles were developed. A new pero engine and turbo diesel

engine, an up-graded 709 LCV, new sports utility vehicle Safari

expected to be launched shortly.

- A 25 tonne 6 X 2 truck and a bus with cummins engine were

launched.

- Tata Engineering and Locomotive Company (TELCO), has acquired a

second hand paint shop, machine line and cylinders from the

Australian

unit of the Japanese auto giant, Nissan. TELCO is believed to have

picked up the unit for Rs. 70 crore. The total cost of import duty

would be Rs 100 crore.

- During the year a machine tool division was expanded so as to

double

its machine building capacity and significantly reduce production

times.

- During December, company issued 58,86,697 warrants to Tata

Companies

and Daimler Benz AG with a right to subscribe to one ordinary share

per

warrant at Rs.362 per share before 27th. 30,84,414 shares were

allotted.

- 860,49,140 bonus shares issued in prop. 3:5, 187,73,487 No. of

equity

shares allotted on exercise of warrants.

- A new double pick-up and army version of various Telco Vehicles

were

developed.

1996

- TELCO has decided to launch a new indigenous family car, by the

middle of 1996. The company seeks to manufacture a 900cc engine

car.

The car would cater to the domestic as well as the export market.

Initially, a production of 150,000 cars is envisaged. The

production

would be significantly increased in the next few years, to make

TELCO,

the largest producer of small engine cars in the country.

- During the the company introduced the 70-tonne Tata-Hitachi Ex-700

Shovel, the largest in the value of Ex series of hydraulic

excavation

fielded by Teleco. Also, a back-hoc version of Ex-400 model was

launched and the Ex-300 LC model was specially modified for use in

granite mining operations.

- During the year a new collaboration agreement was signed with

Nachi-Fujikshi Corporation, Japan to manufacture and advanced

generation of Robots.

- The Company allotted 140,35,086 No. of equity shares of Rs 10 each

through Global Depositary Receipts (GDR's) in the international

market

aggregating US 0 million.

- The Company has launched Tata Safari in its Multi utility vehicle

segment.

-Tata Holset's turbo charger plant inaugurated on November 25, 1996.

1997

- To meet the planned long-term capital requirement of funds, the

Company issued unsecured 10 year Yankee Bonds totalling US $ 200

million in the overseas market in July 1997.

- To meet its working capital needs, the Company issued Commercial

Paper (CP) of Rs. 300 crores for the first time. The CP programme

was

given the highest rating of `A1 +' by the Investment Credit Rating

Agency (ICRA).

- In November 1997, the Company made a private placement of 7-year

Secured Non-Convertible Debentures of Rs. 115 crores @ 12.25% - one

of

the lowest rates for any such issue in the market.

- The Company made into auto related joint ventures promoted by Tata

Industires Ltd., viz., Tata Auto Comp Systems Ltd., and Concorde

Motors

Ltd. (CML). CML estabished in associations with Jardine Matheson

Group, Hongkong would set up showcase dealerships in India for

retaining automobiles.

- A new information technology company, Tata Technologies (India)

(TTIL), providing solutions to engineering, manufacturing and

distribution industries has been set up as a subsidiary of Telco.

- The Tatas are all set to establish a unit for producing trucks and

earth moving equipment at Dharwad.

- The Tata Engineering and Locomotive Company Ltd. (TELCO) has

emerged

as numero uno in the Review 200 survey conducted by the Far Eastern

Economic Review in association with Citi Bank.

- Telco proposes to develop and produce various new models at an

investment of Rs.20 billion over the next few years.

- Automobile giant Telco will be installing an electronic data

interchange (EDI) network that will connect the Telco plants, with

its

vendors.

- The Tata Engineering & Locomotive Company (Telco) will pick up a

7.2

per cent stake and ACC Ltd 18.8 per cent in the revised equity

structure of Bridgestone-ACC, thus paving the way for a fresh round

of

speculation on whether the cement major is actually out of the Tata

fold.

- Telco became the first Indian private company to reach the sales

of

Rs.10,000 crore.

- Telco has entered into an alliance with Bridgestone to promote a

new

company, in which Bridgestone will hold a 51 per cent equity stake,

to

manufacture automotive tyres.

- The company will set up a 1.5-lakh per annum capacity car unit.

The

proposed plant will be part of a comprehensive facility being set up

by

Telco which will have flexible lines capable of manufacturing the

small

car, the Sumo and other models which are being worked out.

- Telco's collaboration with John Deere is for the manufacture of

2.5

cum backhoe loaders which the company proposes to introduce in

domestic

markets later this year. The company's technical agreement with

Hitachi is for the manufacture of a 60-tonne hydraulic excavator

which

is slated to hit the market this year itself.

- The agreement with Le Moteur Moderne is for the development of

diesel

and petrol engines for its passenger car project. With

Nachi-Fujikoshi, Telco plans to make an advanced generation of

robots

to be used to weldline for the manufacture of Bodies-in-White (BIWs)

and to perform other operations during the manufacture of small cars

to

ensure quality, accuracy, and fatigue-free high volume production.

- Telco's 0-million Yankee bond issue has been awarded a NAIC 2

by

the insurance companies rating standard in the United States. Telco

is

only the second Yankee bond issue from India after Reliance

Industries

and is the country's lowest-priced international bond. Telco is

rated

Baa3 by Moody's and BB+ by Standard & Poor's, which are also India's

sovereign ratings.

- The Tata Engineering & Locomotive Company (Telco) management has

signed a wage agreement with the Telco Employees' Union at the

Pimpri-Chinchwad manufacturing facility conceding a wage hike of

Rs.1,701 per month.

- The Karnataka plant is being set up to build special purpose and

heavy duty vehicles. It will, however, initially assemble company's

4,021 trucks and earth moving equipments and excavators.

- Telco is showcasing its sportscar `Telsport' 4X4 for the first

time

at the fourth Middle East International Show opening at Dubai on

10.11.97.

- Telco is the second Indian four wheel maker after Mahindra and

Mahindra to participate in the show which has attracted 200

exhibitors

from 28 countries including world market leaders like BMW and

Mercedes.

- Telcosport will be TELCO's first entrant in the passenger vehicle

segment to be followed by a five-door SUV in the later part of next

year.

- The Industrial Credit & Investment Corporation of India (ICICI)

has

entered into a Rs 167-crore structured deal with Telco. This is the

largest asset securitisation deal in the country.

- Tata Industries Ltd (TIL) is setting up a 50:50 joint venture in

alliance with Jardine International Motors Ltd (JIML) for

establishing

an automobile retail and after-sales service company which will

operate

dealerships for Telco passenger cars in certain cities in India.

- The Company introduced a 9-tonne vehicle which was well received

in

the market. A 40 tonne tractor trailer powered by a Tata Cummins

Engineering was introduced.

- The Company developed a low floor bus chassis to meet the specific

needs of urban transport.

- The Company signed a new agreement with Hitachi for manufacture of

upgraded versions of existing range of excavators.

1998

- Telco proposes to set up authorised service stations every 100 km

on

every highway.

- Telco is proposing to commercially produce compact, efficient and

economically viable vehicles which use alternative fuels within the

next two years.

- The Tata group has signed a joint venture with Jardine

International

Motor Mauritious (JIMM) to establish a passenger car dealership

network

in the country.

- Jardine International Motors (JIM), which recently set up a

Rs.86-crore joint venture vehicle dealership network, called

Concorde

Motors Pvt. Ltd, in league with Tata Industries and Telco, has shown

interest in representing the latter in export markets.

- Tata Engineering and Locomotive Company Ltd (Telco) announced a

tie-up with Tata Finance Ltd and ANZ Grindlays Banks as the official

financiers for its small car Indica to be launched in December.

- Tata Engineering Locomotive Company Ltd (Telco) is selling its

construction equipment business into a new subsidiary company, Telco

Construction Equipment Company Ltd.

- The Company in its small car segment has launched Tata Indica

which

evoked an overwhelming response in the Indian market.

- A new range of cummins engine powered vehicle which include a 35

tonne and a 40 tonne articulated truck and two variants of buses.

- To make substantial improvement in the quality of bus bodies

available with TATA vehicles, the Company encouraged a collaboration

between Fuji Heavy Industries of Japan and the Automobile

corporation

of Goa. The new project undertakes production of bodies on TATA

chassis, conforming to the most exacting international standards.

- Concorde Motors Ltd., a Joint Venture between Tata Engineering and

Jardine International Motors (Mauritius) Ltd. was appointed as

dealer

for the Company's passenger cars in several cities across the

country,

in Feb 1998.

1999

- Telco is the first Indian manufacturer to offer commercial

vehicles

meeting euro-I emission norms, a year before they are due to be

introduced in the country.

- It is proposed to make TCECL a one-stop shop for construction

equipment and earthmoving machinery.

- TATA Engineering and Locomotive Company Ltd (Telco) will receive a

consideration of Rs 200 crore as equity and share premium and the

rest

as loans valued at Rs 400 crore from the sale of its construction

equipment division.

- In Oct 1999, the Company won the National award for R&D Efforts in

Development of Indigenous Technology in the Mechanical Engineering

Industries Sector instituted by Department of Scientific and

Industrial

Research, Ministry of Science and Technology for the year 1999.

- The company obtained shareholders' approval for hiving off the

division into a 100 per cent subsidiary, Telco Construction

Equipment

Company Ltd (TCECL), at an extra general body meeting (EGM) held

here

in Mumbai today.

- Tata Engineering & Locomotive Company Ltd. Spun off into a joint

venture company, the CEBU would be able to make a range of products,

besides maintaining dominant market share in existing products.

- Tata Holset is a 50:50 joint venture between Telco and its foreign

partner.

- SKF Bearings India Ltd has signed an agreement with Telco to

supply

hub bearings for its latest model Tata Indica.

- Telco presently has a joint venture with Daimler-Chrysler in

India,

Mercedes Benz India, which manufactures the top-of-the-line Rs 26

lakh-plus Mercedes Benz E Class. Telco has reduced its stake in the

venture to around 14 per cent.

- Tata Technologies, a Telco subsidiary, has launched a value chain

management (VCM) system designed to enable value-based interaction

between business partners and manufacturers.

- Machine Tools and Growth Divisions, Axle Division and Transmission

Division of Tata Engineering transferred to newly formed

subsidiaries

Telco Automation Ltd., HV Axles Ltd.

2000

- The Company has declared a lockout at its Lucknow plant following

employee unrest and policy firing. Employees have been demanding

parity in wages with their counterparts in the Telco establishments

at

Jamshedpur and Pune.

- The Company is working towards introducing two new petrol-driven

variants of its small car Indica, powered by a multi-point fuel

injection engine.

- The Company has launched the Indica 2000, the Euro II Complaint,

75

BHP multi-point fuel injection (MPFI) version of Indica.

- The Company has won the National Technology Award for indigenous

development and commercialisation of the Tata Indica car.

- The Company has launched its new hi-tech Indica 2000 car with MPFI

petro engine in Guwahati.

- Tata Engineering is all set to become the first company in the

group

to offer ESOPs to employees.

- The Engineering is exploring marketing tie-up with global

automobile

firms.

- The Company is decentralising the marketing operations of its

commercial vehicle business.

- The Company has shut down its commercial vehicles assembling unit

at

Lucknow following persistent labour problems.

- Telco has decided to defer the launch of its mid-sized passenger

car,

Magna, to around June 2002.

- Tata Engineering & Locomotive Co., is renamed as Tata Engineering

Ltd. It has replaced its three-shift production line with a

one-shift

daily schedule starting from 26th June.

- The Company has launched a programme `Super bazar' for owners of

commercial vehicles whereby they can get their vehicles evaluated on

the spot as to present value and investment required for

upgradation.

- The Company has appointed ICICI as a preferred financier for

customers buying its range of vehicles, including the Indica.

- Tata Engineering has seen a marginal increase in its market share

in

the utility vehicle segment to 26.1 per cent for the period

April-July.

- R B Khadikar, vice-president of engineering centre, telco has been

presented the outstanding automobile engineer of the year award for

1999.

- The five-month-old lockout in the Lucknow unit of heavy

automobiles

giant Tata Engineering and Locomotive Company has been lifted an

agreement between he management and employees.

- ICRA has revised the rating assigned to the Rs 600-crore long-term

NCD programmes of auto majorTelco from `LAAA', indicating highest

safety to `LAA+' indicating high safety.

- FICCI-SEDF- Businessworld-Compaq award for social responsiveness

was

awarded to the company.

- The Central Pollution Control Board for Environmental Technology

award has been presented to Tata Engineering in recognition of its

contributuon towards efforts to conserve the environment.

- The Premier vehicle manufacturer of the country, TELCO, has closed

down its unit for maintenance for seven days from 27th November for

the

first time in its 47-year history.

- Tata Engineering has joined hands with Daimler-Chrysler, the

world's

third largest auto conglomerate, forming a consortium to bid for an

order of 60,000 light commercial vehicles from the South African

government.

- V Krishnan has been appointed as Vice-President of Telco.

- The Company has bought a group pension insurance scheme for its

employees from the Life Insurance Corporation.

2001

- Tata Engineering has decided to go in for a strategic alliance

with

world leaders of engines, gearboxes and axles.

- Crisil has downgraded the Rs 177 crore non-convertible debenture

(NCD) issue of Tata Engineering to AA from AA+.

- Despite the slowdown in demand, Telco is targeting an 18 per cent

growth in its passenger car and utility vehicle volumes in the

current

fiscal.

- Telco and PSA Peugeot Citroen have called off the proposed venture

for developing a mid-size passenger car.

- TATA Engineering on September 10 announced the addition of MPFI

petrol version to the Indica V2 range. The model will be available

at

an ex-showroom price beginning Rs 3.22 lakh outside Mumbai.

- Tata Engineering and Locomotive Company, passing through its most

difficult phase in recent years, is planning to raise about Rs 300

crore through the sale of investments.

2002

-Foreign Institutional Investors (FII) hike stake in the company to

13.34%

-Launches six new products in light, medium and heavy vehicles

segments on Jan 15 during Auto Expo

-Announces financial restructuring

-Displays its Tata Sedan car at the Geneva Motor Show

-Indica adjudged top selling B-segment car in 2002

-Launches two new motorsport cars (The Zero and Double Zero Pace

cars)

-High Court Approves Tata Engineering's Financial Restructuring

-Tata Engg, BPCL tie up to market co-branded lubricants

-Tata Steel’s investment in Tata Engineering has been hiked to Rs

117.98 crore over the last year

-Telco names Sedan as Tata Indigo

-Unveils 'EX' series of medium and heavy commercial vehicles

-Signs agreement with Depository for two way fungibility of GDRs with

Ordinary Shares

-Begins work on its new second generation platform, which would

replace the existing car with the utility vehicle platforms in all

its products

-Uses Tata Safari in Ram Gopal Varma's film 'Road', spends close to

Rs 1 crore for the in-film product placement

-Indica sales cross two-lakh mark

-Collaborates with Nippon-Arcelor for technical knowhow on CR steel

-Increases its equity in Concorde Motors to 49%

-Mops up Rs 100 cr through debenture issue

-Unveils the 207 DI, the first of its small commercial vehicles (SCV)

in Maharashtra with a focus on the LCV segment

-Launches new range of Tata Safari

-Acquires 5.91% stake in Tata Precision Industries Pte Ltd.,

Singapore, taking the stakeholding in the company to 49.99%

-Ties up a manufacturing & supply agreement with MG Rover Group of

the UK

-Floats division to develop used car market

-Releases medium size segment car Indigo in Andhra Pradesh

2003

-Unveils Tata 207 DI in Andhra Pradesh

-Telco's sedan debutes at the top of the C-segment sales

-Receives Teri's (The Energy and Resources Institute) CoRE-BCSD

(Corporate roundtable on development of strategies for sustainable

development and environment-business council for sustainable

development) corporate social responsibility (CSR) awards for '01-02

-Brings down price of passenger car following the excise duty

reduction in the Budget

-Unveils Indigo Station Wagon at the Geneva Auto Show

-Signs distribution agreement with Rover for Safari in UK

-Standard & Poor's Ratings Services revises the outlook on its `BB-'

rating for Tata Engineering to stable from negative

-Overtakes Hyundai in passenger vehicle market

-Unveils 'Tata 207 DI' in Delhi

-For the first time in the auto industry, Tata Engineering outsources

the manufacturing activities of its special, fully-built vehicles

range that includes ambulances, tippers produced at Dharwar unit in

Karnataka

-Company turns around, posts profit of Rs 300.11 crore as against the

loss of Rs 53.73 crore the previous corresponding period

-Unveils 'Tata 207 DI' in Mumbai

-International Finance Corporation (IFC), the private lending arm of

the World Bank, inks mn loan agreement with Telco

-Company name changed from Tata Engineering & Locomotive Company Ltd.

(Telco) to Tata Motors Ltd. (TML) with effect from July 29, 2003

-Successfully completes Foreign Currency Convertible Bond offering

aggregating million with a green shop option of million

-Issues 1% convertible notes due 2008

-Tata Motors, IOC tie-up for joint marketing services

-Unveils a customer care campaign called Project Vishwaas for its

commercial customers across the country

-Crosses production milestone of 3 million

-Unleashes Safari's petrol version; priced at Rs 9.35 lakh

-Unveils CityRover

-Tata Motors Ltd signed a binding Memorandum of Understanding (MoU)

with Deawoo Commercial Vehicle Company Ltd (DWCV), Korea for the

acquisition of this company.

-Introduces Tata SFC 407 EX Turbo Light Commercial Vehicle (LCV)

- The Company shall be changed from 'TELCO ' to 'TATAMOTORS' w.e.f

December 24, 2003.

-Tata Safari ranks No 1 in MUV/SUV segment

2004

-Tata Motors launch an upgraded version Indica on January 15, 2004,

in a bid to shore up sales of the small car.

-Auto Expo: Tata unveils new version of Indica

-Tata Motors unveils Indica V2

- Tata Motors launches new Indica V2 in Kerala

-Tata Motors introduces new 'Indicab' for tour operators

-The much hyped Rs one lakh passenger car project of Tata Motors was

going ahead as planned.

-Tata Motors in talks with bus body builders to franchise

manufacturing

-Tata Motors enters agreement with Ukraine bus building firm

-Tata Motors enters into agreement with Etalon

-In a move to consolidate its presence in the light commercial

vehicles segment, Tata Motors has launched a new variant of its 407

series with increased pay load capacity called SFC 407EX.

-Tata Motors buys Daewoo truck unit for Rs 465 crore

-Tata Motors unveils Tata SFC 407 EX in Kerala

-Tata Motors inks agreement with Austrian, French companies

-Acquires Daewoo Commercial Vehicle Company Ltd (DWCV), Korea.

-Tata Motors launches new 6-tn truck

- Tata Motors forays into used truck biz with Tata Preowned

-Tata Motors, the country's largest commercial vehicles manufacturer

unveiled the new LPT 909EX Turbo Truck in Tamil Nadu.

-Tata Motors and Tata Africa unveiled a range of passenger cars,

utility vehicles, pick-ups, trucks and buses for the South African

market

-Tata Motors has launched a facelifted version of its multiutility

vehicle, Tata Sumo

-Tata mototrs rolls out Tata SFC 407EX BS II turbo light commercial

vehicle

- HR-training division of Tata Motors bags the prestigious and

internationally recognised Golden Peacock National Training Award in

the category of `Large Employer'.

-Tata Motors launches Indigo Marina on September 14, 2004

-Tata Motors joins hands with Magma Leasing Ltd

-Bharat Petroleum Corporation Ltd (BPCL) has entered into a marketing

tie-up with automobile manufacturer Tata Motors for marketing of

engine oils as co-branded lubricants for their commercial vehicles

-Tata unveils Indigo Marina in Kerala

-Andhra Bank ties up with Tata Motors

-Tata Motors unveils 2 new versions of Indica

-Tata Motors has tied-up with Corporation Bank to offer finance

options for passenger car vehicles at nine per cent interest for a

three repayment period and 9.5 per cent interest for five year

repayment

-Tata Motors on December 7, 2004, signs an MoU with State Bank of

India (SBI)

2005

-Tata Motors inks agreement with Hispano Carrocera for 21 pc stake

-Tata Motors & Hispano Carrocera SA sign Investment Agreement

-Tata Motors partners with IOC for bio-diesel pilot project

-Tata Motors launches ACE

-Tata Motors unveils Tata Safari DICOR in Kerala market on August 11,

2005.

-Tata Motors rolls out 2 luxury variants of Indigo

-Sumantran quits Tata Motors

-Tata Motors unveiled new Indica V2 Turbo with a price tag of Rs 4.10

lakh for DLG variant and Rs 4.31 lakh for DLX

-Tata Motors unveils Novus

-Tata Motors ropes in CVTech to make parts for its small car

-Tata Daewoo inks pact with Pakistan co.

2006

-Tata Motors launches Cliffrider

- Tata Motors unveils new long wheel base premium Indigo & X-over

concept at Auto Expo 2006

- Indica V2 Xeta launched

- Passenger Vehicle sales in India cross one-million mark

- Tata Motors and Marcopolo, Brazil, announce joint venture to

manufacture fully built buses & coaches for India & markets abroad

2007

- Tata Motors has been presented the Golden Peacock Global Award for

Corporate Social Responsibility (CSR) in the Large Business category

by the Institute of Directors.

- Tata Motors buys Nissan facility in S. Africa.

- Tata Motors has got a prestigious order from the Delhi Transport

Corporation (DTC) for 500 non-AC, CNG-propelled buses.

- Tata Motors Ltd has appointed Mr. P M Telang as Executive Director

(Commercial Vehicles).

- Tata Motors Ltd has informed about the appointment of Dr. R A

Mashelkar, Independent Director as an Additional Director of the

Company with immediate effect.

- Tata Motors has rolled out the Sumo Victa Turbo DI, the new

advanced range of its entry-level utility vehicle, the Sumo Spacio.

2008

-Tata Motors signs deal with Chrysler electric vehicle unit.

- Tata Motors launched out the new generation of its flagship

passenger car Indica on Aug 23. The new model called 'Indica Vista'

3.8 m long and 1.7 m wide is larger than the existing Indica and has

more interior space than the original one.

2009

- Tata Motors has entered into an agreement with Andhra Bank for

financing its range of passenger vehicles, which will provide an

added facility of car finance to its customers.

- Tata Motors Ltd has appointed Mr. V K Jairath, Independent Director

as an Additional Director of the Company with effective from March 31,

2009.

- Bank of India has entered into a pact with Tata Motors for

financing Fiat cars, which are available through the Tata-Fiat dealer

network. For availing the loans, the customers can get loans at

special interest rates of 9.75 per cent to 10.25 per cent for loans

up to Rs 10 lakh for the Linea, Palio and soon-to-be launched Grande

Punto.

- Tata Motors, one of the promoter group companies of Tata Steel, has

pledged its entire holding of over 1.04 crore shares in the steel

major

2010

- Tata Motors on June 2 opened its brand new plant in Sanand, set up

at a cost of Rs 2,000 crore, to manufacture wonder car Nano. The

Sanand plant was inaugurated by Tata Group Chairman Ratan Tata and

Gujarat Chief Minister Narendra Modi. According to Tata officials,

the Sanand plant will have an initial production capacity of 2.5 lakh

Nano cars a year, which will be gradually increased to 5 lakh cars a

year.

- IndusInd Bank and Tata Motors inked an agreement. As per the deal,

IndusInd Bank will provide channel finance facilities to Tata Motors'

dealers. Meanwhile, the dealers of Tata Motors will now have access to

ready upstream finance from IndusInd Bank.

- Tata Motors opened its new plant in Sanand which is set up at a

cost of Rs 2,000 crore.

- Tata Motors spread its wings further to the Asian markets by

launching its mini-truck ' Ace Super City Giant .in Thailand and also

unveiled plans to foray the Thai car market over the next couple of

years

- IndusInd Bank Ltd and Tata Motors have entered into a pact under

which IndusInd Bank will provide channel finance facilities to the

dealers of Tata Motors

- Tata Motors ties up with United Bank of India for CV finance

- Tata Motors has signed a deal worth Euro 1.85 million (Rs 11 crore)

for acquiring 80 per cent stake in Italy-based design and engineering

company Trilix Srl.

- Tata Nano India’s cheapest car has received an award by the Chicago

Athenaeum: Museum of Architecture and Design with the European Centre

for Architecture Art Design and Urban Studies for its design, as good

design award 2010.

2011

- Tata has launched Aria 4x2 range targeting the premium luxury cars

segment, priced at Rs. 11.85 lakh.

- Tata launched upgraded Nano at same price

- Tata Motors - Jaguar Land Rover PLC Launch of pound 1,000 million

equivalent Senior Notes offering

- Tata motors announced to win an order of Rs 150 crore from

Siddhivinayak Logistics Ltd (SVLL).

- Tata Motors launched Nano in Nepal at Rs 5 lakh

- Tata Motors launched new version of Manza

- Tata Motors launched new Indica

2012

- Auto giant Tata Motors appointed Cyrus P Mistry as the Deputy

Chairman of the company,

- Tata Motors signed agreement with US company to develop engine for

commercial vehicles

- Tata Motors signed partnership with J&K Bank for financing car

loans

- Automobile giant Tata Motors Ltd has launched its new Sports

Utility Vehicle (SUV) Tata Safari Storme at a starting price of Rs

9.95 lakh (ex-showroom Delhi).

- India's leading automobile maker, Tata Motors, has emerged as the

most reputed Indian company in terms of service levels, product

quality, financial performance and talent pool, as put by a survey by

global research firm Nielsen.

- The company won an order for 1,314 trucks from Surat-based Siddhi

Vinayak Logistics.

2013

- Jaguar Land Rover Automotive plc Launch of 0 million Senior

Notes offering

Management - Tata MotorsName Designation

Ratan N Tata Chairman Emeritus

Ravi Kant Vice Chairman

S B Borwankar Executive Director

S M Palia Independent Director

Nasser Munjee Independent Director

V K Jairath Independent Director

S B Borwankar Executive Director

NameDesignation

Cyrus P Mistry Chairman

R Pisharody Executive Director

Nusli N Wadia Independent Director

R A Mashelkar Independent Director

Subodh Bhargava Independent Director

Ralf Speth Non Executive Director