Exhibit 99.1
TATA MOTORS LIMITED
Bombay
House
24, Homi Mody Street,
Mumbai 400 001, Maharashtra, India
Deregistration of the Securities and Termination of Reporting Obligations under the U.S. Securities Exchange Act
Mumbai, January 24, 2024: Tata Motors Limited (“TML”, “Tata Motors” or the “Company”) today announced
that it intends to: (i) deregister its American Depositary Shares (the “ADSs”), each representing five (5) Ordinary Shares of the Company, par value of Rs.2 per share (the “Ordinary Shares”), its Ordinary Shares
underlying such ADSs, its ‘A’ Ordinary Shares, par value of Rs.2 per share, issued in connection with the 2015 rights offering by TML (“‘A’ Ordinary shares”, together with the ADSs and the Ordinary Shares underlying
such ADSs, collectively referred to as the “Securities”) from the U.S. Securities and Exchange Commission (the “SEC”); and (ii) terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended
(the “Exchange Act”).
On January 13, 2023, the Company filed Form 25 with the SEC and the delisting of the Company’s ADSs from the
New York Stock Exchange (“NYSE”) became effective close of trading on the NYSE on January 23, 2023. Accordingly, the termination of the Company’s ADSs program became effective on January 23, 2023.
Since the Company has met the criteria for deregistration, the Company intends to file Form 15F with the SEC on the date of this announcement to deregister
all the Securities and terminate its reporting obligations under the Exchange Act. All of the Company’s reporting obligations under the Exchange Act will be suspended immediately upon such filing. The deregistration and termination of reporting
obligations are expected to become effective within 90 days after the filing of the Form 15F, unless withdrawn by the Company or objected to by the SEC.
The above action has no impact on the current listing status or trading of the Company’s equity shares in India on BSE Limited and the National Stock
Exchange of India Limited.
This announcement is also available on the website of the Company at www.tatamotors.com.
-Ends-
About Tata Motors
Part of the USD 128 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 42 billion organization,
is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility
solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.
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, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, 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. The company is pioneering India’s Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy,
leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.
With
operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, Latin America, South East Asia and South Asian Association for Regional Cooperation (SAARC) countries. As
of March 31, 2023, Tata Motors’ operations inter alia includes 88 consolidated subsidiaries, 2 joint operations, 3 joint ventures and numerous equity-accounted associates, including their subsidiaries, in respect of which the
company exercises significant influence.
To know more, please visit (www.tatamotors.com; also follow us on Twitter: https://twitter.com/TataMotors).
