68th ANNUAL REPORT 2012-13
enhance the market share and aims at products, which cater
to the changing needs of the customer for both fleet owners
and individual customers. Besides new product developments
covered above, some of the key initiatives on Environment friendly
Fuel efficiency improvement through development of
advanced oil formulation.
Fuel efficiency improvement initiatives on 4 cylinder and 6
cylinder engines of LCV, M&HCVs through various engine
measures such as Exhaust Gas Recirculation (EGR), common
rail including latest software features inenginemanagement
1.2 L Bi-fuel CNG engine development for passenger car.
Bi-fuel CNG and Gasoline 273 MPFI engine for Nano.
Demonstrated a Mild Hybrid technology on Nano with
advance engineering functions for enhancing the CO
Nano Diesel variant is being developed with Electric Power
Assist Steering (EPAS) for enhancing the ease of driving and
good fuel economy.
Vista has been made compliant to the Euro V emission
requirement with better drivability and higher technology
CNG variant of the Indigo CS is ready for launch in the
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 (the 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 2012-13’ 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 Registered Office of the
Company and the subsidiary companies.
Tata Motors had 64 (direct and indirect) subsidiaries (10 in India
and 54 abroad) as on March 31, 2013, as disclosed in the accounts.
During the year, the following changes have taken place in
Subsidiary companies formed/acquired
Jaguar Land Rover India Limited - an indirect subsidiary of
Jaguar Land Rover Automotive PLC
PT Tata Motors Distribusi Indonesia - a wholly owned
subsidiary of PT Tata Motors Indonesia
Companies ceasing to be subsidiary companies
Tata Engineering Services (Pte) Ltd. - struck off from the
Register of Accounting and Corporate Regulatory Authority
Miljobil Greenland AS, upon liquidation of TMETC’s
Jaguar Cars Limited to Jaguar Land Rover Limited
Jaguar Land Rover PLC to Jaguar Land Rover Automotive Plc
Besides the above, Jaguar Land Rover continued to integrate /
restructure legal entities for manufacturing and for exporting
globallly as combined brand legal entities. Other than the above,
there has been no material change in the nature of the business
of the subsidiary companies.
As at March 31, 2013, Tata Motors had 8 associate companies and
4 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.