Tata Motors on Tuesday said it has resumed operations across all its manufacturing plants in the country. Its Jamshedpur facility had also received approval to begin operations on May 27, it said in a regulatory filing.
In the passenger vehicles segment, 59 per cent of its showrooms have resumed operations, covering 69 per cent of the retail market, it said. In the commercial vehicles (CV) segment, 70 per cent of the 3S (showroom, sales and service) outlets and 43 per cent of the 1S outlets have opened, which cover around 56 per cent of the retail market.
About 80 per cent of the dealer workshops and Tata Authorised Service Stations (TASS) have commenced operations in the CV segment and 69 per cent in PV segment, it added.
The demand is gradually starting to improve, Tata Motors noted. About 90 per cent of its CV suppliers have received permission to commence operations. Of this, 80 per cent have started operations and only around 60 per cent have been able to start supplies, it said. In the PV segment, 98 per cent of its suppliers have received permission and also started operations.
As on March 31, Tata Motors had cash and cash equivalent of ₹4,700 crore and undrawn credit facility of ₹1,500 crore. To shore up liquidity, it has issued commercial papers of ₹3,500 crore and also raised ₹1,000 crore through NCDs.
Its British subsidiary Jaguar Land Rover’s joint-venture plant in Changshu (China) has been operational since March, said Tata Motors, as vehicle sales recover there and customers return to showrooms following the easing of the lockdown.
It is gradually resuming production at the Solihull and engine plants in the UK, the Slovakia plant, and contract assembly line in Austria, it added.
Thank you for being a loyal user of Portfolio.
Portfolio will be a paid section hereon.
Please Subscribe to get access to one of our early bird packs.
Or click on Free Trial to get 14 days free trial.
What You'll Get
-
Web + Mobile
Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.
-
Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials
Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.
-
Ad free experience
Experience cleaner site with zero ads and faster load times.
-
Personalised dashboard
Customize your preference and get a personalized recommendation of stories based on your interest.
Published on
June 02, 2020
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism