Tata Motors Drops To 52 Weeks After Discharge Forster CEO Leaves Tata Motors Drops To 52 Weeks After Discharge Forster CEO Leaves

Tata Motors announced the resignation of Carl-Peter Forster, after market hours, Friday, September 9, 2011. Shares of Tata Motors fell 4.14% to 146.40 rupees Monday, September 12, 2011, after the announcement. The stock fell 3.21% Friday, September 9, 2011, before the announcement NRI Pan Card.

Meanwhile, the BSE Sensex down 25.11 points, or 0.16%, to 16,475.83.

On BSE, 26.12 lakh shares were traded over the counter compared to the average volume of 6.85 lakh shares during the last two weeks.

The share reached a low of Rs 137.65 so far during the day, which is also a minimum of 52 weeks for the counter. The action peaked at Rs 148.40 so far during the day.

Tata Motors’ stock has plunged 11.88% in three sessions of the recent high of Rs 157.79 on Thursday, September 8, 2011.

Forster’s resignation, according to a notice of Tata Motors, was due to unavoidable personal circumstances. Forster, who previously headed the operations of General Motors Co. ‘s European, Tata Motors joined in February 2010. Its mandate Tata Motors managing its global operations, including Jaguar Land Rover (JLR), which was acquired in June 2008 NRI demat account.

I deeply regret that my personal situation is difficult for me to continue to work in the difficult management of the increasingly global group of Tata Motors with its main operations in India and the United Kingdom and increasingly in other markets abroad Forster said in a statement.

It will remain on the board in a short period as a non-executive member. Prakash Telang, Executive Director, India Operations and Ralf Speth, CEO of Jaguar Land Rover, will represent their respective actions on the board.

The Council respects, Carl-Peter personal circumstances that led to this move, Tata Group Chairman Ratan said Tata. We want to thank him for the contributions to the development of our company’s success.

On a consolidated basis increased by Tata Motors net profit of only 0.55% of RS 2000 crore on 24.2% increase in revenue to the RS 33,391.78 crore in the first quarter, in June 2011 at the First Quarter June 2010. The result was published August 11, 2011.

Tata Motors has said that pressure on costs, rising commodity prices reduced the operating margin was 8.4% in financials alone. Earnings before interest, depreciation and amortization (EBITDA) decreased by 15% in the RS 999 crore in Q1 June 2011 on Q1 June 2011.

Jaguar Land Rover (JLR), net sales increased by 19.9% ​​of 2.712 billion pounds in Q1 June 2011 on Q1 June 2010. Cost pressures and the impact of exchange rates has led to a slight decrease in operating margin of 15.1%. EBITDA rose by 16.9% to 408 million pounds in Q1 June 2011 on Q1 June 2010. Net income decreased by 3.09% to 219 million pounds in Q1 June 2011 on Q1 June 2010.

In May 2011, JLR successfully completed the issuance of bonds at 7 and 10 years in total £ 1 billion, part of which was used to refinance existing loans and for general corporate purposes. A vehicle assembly plant opened in new Pune, India, in May 2011. The facility is the installation of Land Rover Freelander 2 vehicles Knock supplied to complete the form, the manufacturing plant in Liverpool.


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