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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Tata Motors Limited    500570   INE155A01022

TATA MOTORS LIMITED

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Tata Motors : Nexon becomes the first Indian car to be published on the International Dismantling Information System (IDIS)

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09/18/2020 | 12:49pm EDT

India's foremost home grown auto manufacturer Tata Motors today announced that the Tata Nexon, its popular compact SUV, has become the first Indian car to be published on the prestigious International Dismantling Information System (IDIS) platform for End-of-Life Vehicles (ELV). With this achievement, Tata Motors reiterates its holistic commitment towards making the entire life cycle of its products sustainable i.e. from the development of ultra-low/zero emission vehicles to responsible dismantling and recycling of the vehicle at the final ELV stage.

This milestone on the Nexon, signifies the increasing commitment of Tata Motors to 'End of Life' across its range of vehicles and the beginning of sustained declaration of dismantling procedures across its entire range of vehicles that are complex with increasing technological content, though over the years commercial vehicles have achieved good levels of recyclability where dismantling procedures are better understood.

IDIS, which is a central repository of 'Manufacturer Compiled Information', is used by 25+ global manufacturers from over 40 countries across Europe and Asia and Tata Nexon is the first Indian car to join this elite group. Tata Motors will provide all relevant information for responsible vehicle handling, starting with information about draining automotive fluids, the neutralization of airbags and seat belt tensioners and all the way up to the dismantling of components containing particularly hazardous substances. This will now enable the Indian Authorised Vehicle Scrapping Facilities (AVSF) to undertake environmentally safe dismantling practices recommended by Tata Motors and implement them to work towards a cleaner environment.

The publishing of the Tata Nexon ELV process on IDIS also complements the government's initiative towards Vehicle scrappage policy & Automotive Industry Standards (AIS 129), contributing to the protection, preservation and improvement of the quality of the environment and energy conservation.

Speaking about this milestone, Mr. Rajendra Petkar, President & CTO, Tata Motors, said 'At Tata Motors, our commitment to following sustainable practices is absolute. Accordingly, all our products are designed from the inception stage itself with high levels of recyclability potential to minimise material waste. Use of hazardous substances is restricted to bare minimal while manufacturing and now with a defined process to manage ELV, we are laying down the path for responsible dismantling and recycling at the vehicle's end of life stage. We are hopeful that such pioneering initiatives will encourage all auto industry stakeholders as well as customers to consciously consider sustainability and environment safety in their decision making process while building and purchasing vehicles.'

Tata Motors has a rich legacy of adopting sustainable business practices. It established a proprietary International Material Data System (IMDS) where all suppliers mandatorily declare details of the material used for manufacturing vehicle components. It also releases design and system standards for recyclability and maintaining control over the usage of hazardous substances & material marking as part of Performance Attribute Targets (PAT) of Environment Management. Tata Motors remains committed to design vehicles that are environmentally green & sustainable, during its active life as well as after its end-of-life.

About Tata Motors

Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 44 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 110 billion Tata group, Tata Motors is India's largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 134 subsidiaries, associate companies and joint ventures, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.

With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India's market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With 'Connecting Aspirations' at the core of its brand promise, the company's innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centres located in India, UK, US, Italy and South Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.

(C) 2020 Electronic News Publishing, source ENP Newswire


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Sales 2021 2 436 B 32 979 M 32 979 M
Net income 2021 -70 438 M -954 M -954 M
Net Debt 2021 834 B 11 295 M 11 295 M
P/E ratio 2021 -7,14x
Yield 2021 0,07%
Capitalization 452 B 6 129 M 6 125 M
EV / Sales 2021 0,53x
EV / Sales 2022 0,42x
Nbr of Employees 78 906
Free-Float 63,5%
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Number of Analysts 32
Average target price 134,97 INR
Last Close Price 137,00 INR
Spread / Highest target 108%
Spread / Average Target -1,48%
Spread / Lowest Target -40,1%
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NameTitle
Günter Karl Butschek Chief Executive Officer, Director & MD
Ravindra Kumar G.P President & Chief Human Resources Officer
Natarajan Chandrasekaran Non-Executive Chairman
Pathamadai B. Balaji Group Chief Financial Officer
Rajendra Petkar Chief Technology Officer
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