Tata Motors Passenger Vehicles Ltd.

Tata Motors, India’s largest car maker, is exploring the possibility of adding more models to the production line at its Sanand plant in Gujarat. At present, the facility in Gujarat manufactures only Nano car. Despite several retail and marketing initiatives, demand for Nano remains subdued. The company also aims to upgrade asset utilization, which will allow it to rationalize investments on expansion.

The company has reported a net loss of Rs 458.49 crore for the quarter ended December 31, 2012 as compared to a net profit of Rs 173.67 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 20.25% at Rs 10741.89 crore for quarter under review as compared to Rs 13470.48 crore for the quarter ended December 31, 2011.