TATA MOTORS LTD. - Tata Motors Ltd reply to clarification sought by the exchange
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| 11 Dec 2014 | |
| The Exchange has sought clarification from Tata Motors Ltd with respect to news article appearing on Moneycontrol website on December 03, 2014 titled "Tata Motors bags orders for 1542 Sumo Gold from police agencies"<BR> <BR>Tata Motors Ltd replied stating "Given below is the reply:<BR><BR>- Various Government departments including law enforcement agencies have requirement for vehicles.<BR><BR>- These requirements are made public through department tenders / Government notifications<BR><BR>- Basis this, we participate in tenders, interactions with department happens - they have various committees through which the products are evaluated for their needs and specifications.<BR><BR>- For the commercial terms, vehicles are normally purchased through the pre-approved DGS&D rate contract, which is negotiated on a yearly basis. These rates are publicly displayed on the DGS&D website." | |
| View all announcements for TATA MOTORS LTD. | Source: BSE India |
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