Tata Motors is an Indian automotive manufacturing company headquartered in Mumbai, India. It is a subsidiary of the large Tata Group conglomerate. Tata Motors manufactures passenger cars, trucks, buses and defense vehicles. It has auto manufacturing facilities in India as well as other countries. Some of its key subsidiaries include Jaguar Land Rover, Tata Daewoo, and Tata Hispano. Tata Motors is one of the largest vehicle manufacturers in India and has a growing international presence.
Tata Motors is an Indian automotive manufacturing company headquartered in Mumbai, India. It is a subsidiary of the large Tata Group conglomerate. Tata Motors manufactures passenger cars, trucks, buses and defense vehicles. It has auto manufacturing facilities in India as well as other countries. Some of its key subsidiaries include Jaguar Land Rover, Tata Daewoo, and Tata Hispano. Tata Motors is one of the largest vehicle manufacturers in India and has a growing international presence.
Tata Motors is an Indian automotive manufacturing company headquartered in Mumbai, India. It is a subsidiary of the large Tata Group conglomerate. Tata Motors manufactures passenger cars, trucks, buses and defense vehicles. It has auto manufacturing facilities in India as well as other countries. Some of its key subsidiaries include Jaguar Land Rover, Tata Daewoo, and Tata Hispano. Tata Motors is one of the largest vehicle manufacturers in India and has a growing international presence.
Tata Motors is an Indian automotive manufacturing company headquartered in Mumbai, India. It is a subsidiary of the large Tata Group conglomerate. Tata Motors manufactures passenger cars, trucks, buses and defense vehicles. It has auto manufacturing facilities in India as well as other countries. Some of its key subsidiaries include Jaguar Land Rover, Tata Daewoo, and Tata Hispano. Tata Motors is one of the largest vehicle manufacturers in India and has a growing international presence.
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Tata Motors
From Wikipedia, the free encyclopedia
Not to be confused with Tatra (company). Tata Motors Limited
Type Public Traded as BSE: 500570 (BSE SENSEX Constituent) NSE: TATAMOTORS NYSE: TTM Industry Automotive Founded 1945 Founder(s) Jehangir Ratanji Dadabhoy Tata Headquarters Mumbai, Maharashtra, India [1]
Area served Worldwide Key people Ratan Tata (Chairman Emeritus) [2]
Cyrus Pallonji Mistry [3][4] (Chairman) Karl Slym (died 26 January 2014, Managing Director) [5]
Ravi Kant (Vice Chairman) Products Automobiles Commercial vehicles Coaches Buses Construction equipment Military vehicles Automotive parts Services Automotive design, engineering and outsourcing services Vehicle leasing Vehicle service Revenue US$ 32.23 billion (FY 2012-13) [6]
Operating income US$ 3.06 billion (2012) [6]
Profit US$ 2.28 billion (2012) [6]
Total assets US$ 28.05 billion (2012) [6]
Total equity US$ 6.44 billion (2012) [6]
Employees 59,759 (2012) [6]
Parent Tata Group Divisions Tata Motors Cars Subsidiaries Jaguar Land Rover Tata Daewoo Tata Hispano Website www.tatamotors.com Tata Motors Limited (formerly TELCO, short for Tata Engineering and Locomotive Company) is an Indian multinational automotive manufacturing company headquartered inMumbai, Maharashtra, India and a subsidiary of the Tata Group. Its products include passenger cars, trucks, vans, coaches, buses, construction equipment and military vehicles. It is the world's seventeenth-largest motor vehicle manufacturing company, fourth-largest truck manufacturer and second-largest bus manufacturer by volume. [7]
Tata Motors has auto manufacturing and assembly plants in Jamshedpur, Pantnagar,Lucknow, Sanand, Dharwad and Pune in India, as well as in Argentina, South Africa, Thailand and the United Kingdom. It has research and development centres in Pune, Jamshedpur, Lucknow and Dharwad, India, and in South Korea, Spain, and the United Kingdom. Tata Motors' principal subsidiaries include the British premium car maker Jaguar Land Rover (the maker of Jaguar, Land Rover and Range Rover cars) and the South Korean commercial vehicle manufactuer Tata Daewoo. Tata Motors has a bus manufacturing joint venture with Marcopolo S.A. (Tata Marcopolo), a construction equipment manufacturing joint venture with Hitachi (Tata Hitachi Construction Machinery), and a joint venture with Fiat which manufactures automotive components and Fiat and Tata branded vehicles. Founded in 1945 as a manufacturer of locomotives, the company manufactured its first commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969. Tata Motors entered the passenger vehicle market in 1991 with the launch of the Tata Sierra, becoming the first Indian manufacturer to achieve the capability of developing a competitive indigenous automobile. [8] In 1998, Tata launched the first fully indigenous Indian passenger car, the Indica, and in 2008 launched the Tata Nano, the world's most affordable car. Tata Motors acquired the South Korean truck manufacturer Daewoo Commercial Vehicles Company in 2004 and purchased Jaguar Land Rover from Ford in 2008. Tata Motors is listed on the Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, the National Stock Exchange of India and the New York Stock Exchange. Tata Motors is ranked 314th in the 2012 Fortune Global 500 ranking of the world's biggest corporations. Contents [hide] 1 History 2 Operations o 2.1 Tata Motors Cars o 2.2 Tata Daewoo o 2.3 Tata Hispano o 2.4 Jaguar Land Rover o 2.5 TML Drivelines o 2.6 Tata Technologies o 2.7 European Technical Centre 3 Joint ventures o 3.1 Tata Marcopolo o 3.2 Fiat-Tata o 3.3 Tata Hitachi Construction Machinery 4 Products o 4.1 Commercial vehicles o 4.2 Military vehicles o 4.3 Electric vehicles 5 Notable vehicles o 5.1 Tata Ace o 5.2 Tata 407 6 See also 7 References 8 External links History[edit]
The second-generation Tata Indica; one of the best selling cars in the history of the Indian automobile industry
The Tata Nano, the world's most affordable car Tata entered the commercial vehicle sector in 1945 after forming a joint venture with Daimler- Benz of Germany. After years of dominating the commercial vehicle market in India, Tata Motors entered the passenger vehicle market in 1991 by launching the Tata Sierra, a multi utility vehicle. Tata subsequently launched the Tata Estate (1992; a station wagon design based on the earlier 'TataMobile' (1989), a light commercial vehicle), the Tata Sumo (1994; LCV) and the Tata Safari (1998; India's first sports utility vehicle). Tata launched the Indica in 1998, the first fully indigenous Indian passenger car. Although initially criticized by auto-analysts, its excellent fuel economy, powerful engine and an aggressive marketing strategy made it one of the best selling cars in the history of the Indian automobile industry. A newer version of the car, named Indica V2, was a major improvement over the previous version and quickly became a mass-favourite. Tata Motors also successfully exported large quantities of the car to South Africa. The success of Indica played a key role in the growth of Tata Motors. [9]
In 2004 Tata Motors acquired Daewoo's South Korea-based truck manufacturing unit, Daewoo Commercial Vehicles Company, later renamed Tata Daewoo. [10]
On 27 September 2004, Tata Motors rang the opening bell at the New York Stock Exchange (NYSE) to mark the listing of Tata Motors. [11]
In 2005, Tata Motors acquired a 21% controlling stake in the Spanish bus and coach manufacturer Hispano Carrocera. [12] Tata Motors continued its market area expansion through the introduction of new products such as buses (Starbus & Globus, jointly developed with subsidiary Hispano Carrocera) and trucks (Novus, jointly developed with subsidiary Tata Daewoo). In 2006, Tata formed a joint venture with the Brazil-based Marcopolo, Tata Marcopolo Bus, to manufacture fully built buses and coaches. [13]
In 2008, Tata Motors acquired the British car maker Jaguar Land Rover, manufacturer of the Jaguar, Land Rover and Daimler luxury car brands, from Ford Motor Company. [14][15][16][17]
In May 2009 Tata unveiled the Tata World Truck range jointly developed with Tata Daewoo; [18] the range went in sale in South Korea, South Africa, the SAARC countries and the Middle-East at the end of 2009. [18]
Tata acquired full ownership of Hispano Carrocera in 2009. [19]
In 2009, its Lucknow plant was awarded the "Best of all" Rajiv Gandhi National Quality Award. [20]
In 2010, Tata Motors acquired an 80% stake in the Italian design and engineering company Trilix for 1.85 million. The acquisition formed part of the company's plan to enhance its styling and design capabilities. [21]
In 2012, Tata Motors announced it would invest around 6 billion in the development of Futuristic Infantry Combat Vehicles in collaboration with DRDO. [22]
In 2013, Tata Motors announced it will sell in India, the first vehicle in the world to run on compressed air (engines designed by the French company MDI) and dubbed "Mini CAT". On 26 January 2014, the Managing Director Karl Slym was found dead. He fell from the 22nd floor to the 4th floor of the Shangri-La Hotel in Bangkok where he was to attend a meeting of Tata Motors Thailand. [23]
Operations[edit] Tata Motors has vehicle assembly operations in India, the United Kingdom, South Korea, Thailand, Spain and South Africa. It plans to establish plants in Turkey, Indonesia and Eastern Europe. Tata Motors' principal subsidiaries include Jaguar Land Rover, Tata Daewoo and Tata Hispano. Tata Motors Cars[edit] Main article: Tata Motors Cars
The Tata Prima Tata Motors Cars is a division of Tata Motors which produces passenger cars under the Tata Motors marque. Tata Motors is among the top four passenger vehicle brands in India with products in the compact, midsize car and utility vehicle segments. [24] The companys manufacturing base in India is spread across Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), Dharwad (Karnataka) and Sanand (Gujarat). Tata's dealership, sales, service and spare parts network comprises over 3,500 touch points. [24] Tata Motors has more than 250 dealerships in more than 195 cities across 27 states and 4Union Territories of India. [25] It has the third largest sales and service network after Maruti Suzuki and Hyundai. Tata also has franchisee/joint venture assembly operations in Kenya, Bangladesh, Ukraine, Russia and Senegal. [26] Tata has dealerships in 26 countries across 4 continents. [27] Though Tata is present in many countries it has only managed to create a large consumer base in the Indian Subcontinent, namely India, Bangladesh, Bhutan, Sri Lanka and Nepal. Tata is also present in Italy, [28] Spain, [29] Poland, [30] Romania, [31] Turkey, [32] Chile, [33] and South Africa. [34]
Tata Daewoo[edit] Main article: Tata Daewoo
The Tata Prima heavy truck on the roads of Lucknow Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company and formerly Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in Gunsan, Jeollabuk-do, South Korea and a wholly owned subsidiary of Tata Motors. It is the second-largest heavy commercial vehicle manufacturer in South Korea and was acquired by Tata Motors in 2004. The principal reasons behind the acquisition were to reduce Tata's dependence on the Indian commercial vehicle market (which was responsible for around 94% of its sales in the MHCV segment and around 84% in the light commercial vehicle segment) and expand its product portfolio by leveraging on Daewoo's strengths in the heavy-tonnage sector. Tata Motors has jointly worked with Tata Daewoo to develop trucks such as Novus and World Truck and buses including GloBus and StarBus. In 2012, Tata began developing a new line to manufacture competitive and fuel efficient commercial vehicles to face the competition posed by the entry of international brands like Mercedes-Benz, Volvo and Navistar into the Indian market. [35]