working capital management of tata motors pdf

The financial information discussed in this section is derived from the Company's Audited Consolidated Financial Statements.
Tata Motors Group primarily operates in the automotive segment. The acquisition of JLR enabled the Company to enter the premium car market. The Company continues to focus on profitable growth opportunities in global automotive business, through new products and market expansion. The Company and JLR, continue to focus on integration, and synergy through sharing of resources, platforms, facilities for product development and manufacturing, sourcing strategy, mutual sharing of best practices.
The business segments are (i) automotive operations and (ii) all other operations. The automotive operations include all activities relating to development, design, manufacture, assembly and sale of vehicles including financing thereof, as well as sale of related parts and accessories. The Company provides financing for vehicles sold by the dealers in India. The vehicle financing is intended to drive sale of vehicles by providing financing to the dealers' customers and as such, is an integral part of automotive business. Automotive operations segment accounted for 98.81% and 98.83% of total revenues in FY 2012-13 and FY 2011-12, respectively. For FY 2012-13, revenue from automotive operations before inter-segment eliminations was Rs.187,648.85 crores compared to Rs.164,604.28 crores for FY 2011-12.
The automotive operations segment is further divided into Tata Motors and other brand vehicles (including spares and vehicle financing) and Jaguar Land Rover. (A reference may be made to review of performance of TML and Jaguar Land Rover business as discussed above). For FY 2012-13, Jaguar Land Rover contributed 72.9% (63.6% for FY 2011-12) of the total automotive revenue (before intra segment elimination) and the remaining 27.1% (36.4% for FY2011-12) was contributed by Tata and other brand vehicles.