Tata Motors Passenger Vehicles Ltd.

Tata Motors has reported results for the year ended March 31, 2011

The Company’s net profit for the year ended March 31, 2011 has dropped by 19.11% to Rs 1811.82 crore as compared to Rs 2240.08 crore for the year ended March 31, 2010. Its total income has increased by 28.78% to Rs 48223.72 crore for the year from Rs 37446.50 crore for the previous year.

On the Consolidated basis, the Group’s net profit for the year ended March 31, 2011 has zoomed by 260.69% at Rs 9273.62 crore as compared to Rs 2571.06 crore for the previous year. Its total income has increased by 30.65% from Rs 94312.37 crore a year ago to Rs 123222.91 crore for the year.

The company’s board of directors at its meeting held on May 26, 2011 has recommended a dividend of Rs 20 per Ordinary share (200%) and Rs 20.50 per ‘A' Ordinary share (205%) for FY 2010-11 this is as compared to a dividend of Rs 15 per ordinary Share and Rs 15.50 per 'A' Ordinary Share recommended for FY 2009-10.

Further, the board has also approved the sub-division of the company's Ordinary and 'A' Ordinary Shares, both of the face value of Rs 10 each into Ordinary and 'A' Ordinary Shares, both of the face value of Rs 2 each, which is subject to the approval of the shareholders at the said Annual General Meeting.