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Statement from Tata Motors Press kit

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7 November, 2008

As has been seen in the month of October 2008 across the industry, unavailability of finance, coupled with high interest rates, is forcing customers to postpone purchases. Different segments of the automobile industry have been impacted to different levels.

This will call for appropriate action from Tata Motors, from time to time, to match production with demand and avoid unnecessary build-up of inventory in the company or with the company’s dealers.

The Pune Passenger Car plant is working in its normal manner.

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