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Chairman's Speech
The Company has undertaken its most ambitious product development program in its history, and will be launching several new sports sedans and sports cars in the next two years in order to provide dealers with a more competitive and wider product range. The automobile sector impacts the lives of millions worldwide. It creates a huge number of direct and indirect. The automotive industry has been, and probably will always be, a barometer of the economic health of a nation, and remains a symbol of a nation's prosperity. Tata Motors will strive to retain its market prominence domestically and internationally and will continue to be a responsible corporate citizen wherever it operates and do the right thing for all its stakeholders and the communities which it serves. In ending, I would like to express my special thanks and deep appreciation to all the employees of Tata Motors in India. I would also like to express my deep appreciation to you, our shareholders, for the support and understanding you have given to us in good times and bad. Without the support of employees and without the understanding and the support of our unions and shareholders, none of what we have been able to do could have been achieved.

Mumbai, June 21, 2012 Chairman

Directors
Mr. Cyrus P Mistry (Chairman) Mr. Ravi Kant (Vice chairman) Mr. Nusli. N.Wadia Mr. S. M. Palia Dr. R. A. Mashelkar Mr. Nasser Munjee Mr. Subodh Bhargava Mr. V. K. Jairath Dr. Ralf Speth Mr. Karl Slym (Managing Director) Mr. R. Pisharody (Executive director) Mr. S Borwankar (Executive director)

Mission
Shareholders To consistently create shareholder value by generating returns in excess of Weighted Average Cost of Capital (WACC) during the upturn and at least equal to Weighted Average Cost of Capital (WACC) during the downturn of the business cycle. Customers To strengthen the Tata brand and create lasting relationships with the customers by working closely with business partners to provide superior value for money over the life cycle. Employees To create a seamless organisation that incubates and promotes innovation, excellence and the Tata core values. Vendor and channel partners To foster a long-term relationship so as to introduce a broad range of innovative products and services that would benefit our customers and other stakeholders. Community To proactively participate in reshaping the country's economic growth. To take a holistic approach towards environmental protection.

Vision
To be a world-class corporate constantly furthering the interest of its stakeholders Purpose At the Tata group we are committed to improving the quality of life of the communities we serve. We do this by striving for leadership and global competitiveness in the business sectors in which we operate. Our practice of returning to society what we earn evokes trust among consumers, employees, shareholders and the community. We are committed to protecting this heritage of leadership with trust through the manner in which we conduct our business.

Code of conduct
National Interest A Tata companys management practices and business conduct shall benefit the country, localities and communities in which it operates, to the extent possible and affordable, and shall be in accordance with the laws of the land. Financial reporting and records A Tata company shall prepare and maintain its accounts fairly and accurately and in accordance with the accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards, laws and regulations of the country in which the company conducts its business affairs. Competition A Tata company shall fully support the development and operation of competitive open markets and shall promote the liberalisation of trade and investment in each country and market in which it operates. Gifts and donations A Tata company and its employees shall neither receive nor offer or make, directly or indirectly, any illegal payments, remuneration, gifts, donations or comparable benefits that are intended, or perceived, to obtain uncompetitive favours for the conduct of its business

Code of conduct
Health, safety and environment A Tata company shall strive to provide a safe, healthy, clean working environment for its people. A Tata company, in the process of production and sale of its products and services, shall strive for economic, social and environmental sustainability. Quality of products and services A Tata company shall be committed to supply goods and services of world class quality standards, backed by after-sales services consistent with the requirements of its customers, while striving for their total satisfaction. Shareholders A Tata company shall be committed to enhancing shareholder value and complying with all regulations and laws that govern shareholder rights. Ethical conduct Every employee of a Tata company, including full-time directors and the chief executive, shall exhibit culturally appropriate deportment in the countries they operate in, and deal on behalf of the company with professionalism, honesty and integrity, while conforming to high moral and ethical standards.

Milestones 2012
Tata Motors enters Bangladesh's new car market. Tata Ace races through the one-million mark in just 2,680 days. Tata Safari Storme, the Real SUV, hits the road. Launch of PT Tata Motors Indonesia.

Tata Motors plant at Dharwad comes on stream.

Tata Motors enters into distribution agreement in Myanmar. Launch of Tata Ace in South Africa. Range Rover Evoque launched in India.

Listing The Companys securities are listed on the Bombay Stock Exchange Ltd. (BSE) and National Stock Exchange of India Ltd. (NSE). The following are the details of the Company's shares:

Type

ISIN No.

Bombay Stock Exchange (BSE) Stock Code Address

Ordinary INE155A01014 Shares A Ordinary IN9155A01012 Shares

500570 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001,

570001

National Stock Exchange (NSE) Stock Code Address Exchang TATAMOTORS e Plaza, Bandra Kurla Complex, Bandra TATAMTRDVR (E), Mumbai 400 051,

International Listing There are two separate programs for the Companys Depositary Receipts. The American Depositary Shares (ADSs) (through the conversion of its International Global Depositary Shares into American Depositary Shares (ADSs) are listed on the New York Stock Exchange (NYSE) since September 27, 2004.
The Global Depositary Shares (GDSs) issued in October 2009 are listed on the Luxembourg Stock Exchange since then. The said GDSs are also traded on London Stock Exchange on IOB platform. The following are the details of the Company's ADSs/GDSs:
Type Stock Exchange and Address New York SE, 20 Broad Street, New York, NY 100 005 Luxembourg SE, 11, Avenue de la porte Neuve, L 2227, Luxembourg. Ticker Symbol Description ISIN CUSIP SEDOL

ADS

TTM

Common Shares

US8765685024

876568502

B02ZP96

GDS

TTMT LX

Common Shares

US8765686014

876568601

B4YT1P2

Updates 2012-2013
NEW DELHI: Tata motors is likely to drive smoothly in FY14 driven by multiple product launches. Tata Motors was the best performing stock in the year 2012 among the 30-Sensex stocks. The stock gained over 75 per cent in the previous year as compared to the BSC Sensex which gained 26 per cent in the same period. Asia Pacific-focused broker upgraded Tata Motors from 'outperform' rating to 'buy' supported by multiple product launches by Jaguar Tata motors December sales at 65,582 nos. JLR is poised to deliver strong performance over FY14-15 driven by multiple new product triggers such as new Range Rover, new Range Rover Sport, new F-type Jaguar, new jaguar variants and a new small Jaguar. The Tata Pixel, with 'Zero Turn' drive and an innovative diamond-shaped door system, is a new city car concept for Europe from Tata Motors.

Corporate social responsibility

Curative and preventive health services were 295,0575 community member. Scholarships for higher studies were awarded to 891 students. School infrastructure was developed for 100 schools.

Vocational training was imparted to 1048 youth.

Green cover was increased by planting 290,850 trees. Portable water solutions with support from the Sumant Moolgaonkar Development Foundation (SMDF) provided to 100 villages.

Corporate social responsibility

A signatory to the United Nations Global Compact, Tata Motors is committed to Corporate Social Responsibility. Education: A joint team of Tata Motors Thailand donated items such as sun-fitte shades to help block sunshine on the school playground and life vests for children. Environmental Conservation Work done by Tata Motors for environmental conservation includes recycling up to 69% of wood packaging, eliminating the use of fresh wood. Tata Motors Thailand also extended vehicular support to raise funds for helping the Tsunami and Earthquake victims of Japan. Rural health workers are trained to act as foot doctors to cure minor ailments in their allocated areas.

Tata Motors Limited

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