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Feb 07, 2009, 09.44 AM IST | Source: Business Line

Tata Motors begins re-hiring laid off workers

Tata Motors has started the process of re-engaging temporary workers at its commercial vehicle unit in Pimpri. Several thousands of them were laid off late last year following reduced production, in the wake of a slow-down in the industry.

Pune, Feb. 6

Tata Motors has started the process of re-engaging temporary workers at its commercial vehicle unit in Pimpri. Several thousands of them were laid off late last year following reduced production, in the wake of a slow-down in the industry.

A company official, who did not wish to be named, said Tata Motors began hiring around the middle of January, and is continuing to do so through this month. The strength varies with the work load, and while the number is nearly 3,000 today, during the third quarter, it touched a low of around 750. At peak requirement, it is as high as 6,000.

While re-hiring suggests that the commercial vehicle segment is witnessing a reversal inthe downward trend, company officials are guarded in drawing conclusions. “Yes, there is an improvement in numbers,” one of them said, adding that there was still some caution on whether it would sustain.

Tata Motors’ CV facility at Pimpri manufactures a range of heavy, medium and light vehicles, and is also the site for the manufacture of the prestigious still-to-be launched World Truck. The plant supports a host of smaller and medium-scale auto component manufacturing units, and what happens here is a closely watched phenomenon.

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Tata Motors stock price

On September 02, 2014, at 13:57 hrs Tata Motors was quoting at Rs 516.15, down Rs 3.7, or 0.71 percent. The 52-week high of the share was Rs 531.00 and the 52-week low was Rs 292.15.


The company's trailing 12-month (TTM) EPS was at Rs 0.08 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 6451.88. The latest book value of the company is Rs 59.58 per share. At current value, the price-to-book value of the company is 8.66.

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