UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 6-K
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Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the Month of July 2018
Commission File Number: 001-32294
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TATA MOTORS LIMITED
(Translation of registrant’s name into English)
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BOMBAY HOUSE
24, HOMI MODY STREET,
MUMBAI 400 001, MAHARASHTRA, INDIA
Telephone # 91 22 6665 8282 Fax # 91 22 6665 7799
(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
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Item 1: |
Form 6-K dated July 13, 2018 along with the Press Release. |
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SIGNATURE |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised. |
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Tata Motors Limited |
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Item 1
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TATA MOTORS LIMITED |
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Bombay House |
Intimation of Revision in Credit Rating
July 13, 2018, Mumbai: We would like to inform that based on Moody’s Investors Service Global Credit Research, the credit rating of the Company and its wholly owned subsidiary has been downgraded.
Please find below the details of the revision in ratings for the Company and its subsidiary:
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Name of the Company
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Credit Rating Agency |
Type of Credit Rating |
Existing Rating |
Revised Rating |
Reason for downgrade in credit ratings |
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Tata Motors Limited |
Moody’s Investors Service |
Corporate Family Rating (CFR) |
‘Ba1’ |
‘Ba2’ outlook is stable |
Due to weaker consolidated credit matrix |
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Senior Unsecured Instrument Rating |
‘Ba1’ |
‘Ba2’ outlook is stable |
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Jaguar Land Rover Automotive Plc (JLRs/Wholly owned subsidiary) |
Corporate Family Rating (CFR) |
‘Ba1’ |
‘Ba2’ outlook is stable |
Due to deterioration in credit matrix |
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Profitability of Default Rating (PDR) |
‘Ba1-PD’ |
‘Ba2-PD’ outlook is stable |
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Senior Unsecured Instrument Rating |
‘Ba1’ |
‘Ba2’ outlook is stable |
This is for the information of the exchange and the members.
About Tata Motors
Tata Motors Limited (BSE: TATAMOTORS), a USD 45 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles. Part of the USD 100 billion Tata group, Tata Motors is India's largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 76 subsidiary and associate companies, 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 centers located in India, the UK, Italy and Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.
To know more, please visit (www.tatamotors.com; also follow us on Twitter: https://twitter.com/TataMotors)
Media Contact Information
Tata Motors Corporate Communications E-mail: indiacorpcomm@tatamotors.com
Tel: +91 22-66657613 www.tatamotors.com
Safe Harbor: Statements included herein may constitute "forward-looking statements". Forward-looking statements are based on expectations, forecasts and assumptions by management and involve risks, uncertainties, and other factors that may cause our actual results, performance or achievements to materially differ from those stated. We cannot be certain that any expectation, forecast or assumption made by management in preparing these forward-looking statements will prove accurate, or that any projection will be realized. More detailed information about these and other factors that could affect future results is contained in our annual reports and filings with the Securities and Exchange Commission. Our forward-looking statements pertain to the date of their initial issuance, and we do not undertake to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.