The Tata Engineering and Locomotive Company Limited Statement of the Chairman, Mr S Moolgaokar, for the Year 1975-76 DURING the year under review, despite the recession in the automobile industry, your Company was able to continue its steady growth and to further strengthen its position in the market. In sales, production and exports we achieved the highest ever figures. We produced a record 100 per cent of the installed capacity and rolled out 3,500 more vehicles than in the previous year. Thanks to the marked customer affection for our product, we had no difficulty in selling every single vehicle that we pro-duced. Last year our exports reached Rs 15.6 crores; this year we expect to improve upon this even further. Your Qnupmy thus continues, for many years now, to be the highest exporter in the engineering industry.
