Tata Motors Limited is Indiaâ€™s largest automobile company, with revenues of USD 5.5 billion in 2005-06. It is the leader by far in commercial vehicles in each segment, and the second largest in the passenger vehicles market with winning products in the compact, midsize car and utility vehicle segments. The company is the worldâ€™s fifth largest medium and heavy commercial vehicle manufacturer.
The companyâ€™s 22,000 employees are guided by the vision to be â€œbest in the manner in which we operate, best in the products we deliver, and best in our value system and ethics.â€
Established in 1945, Tata Motors‘ presence indeed cuts across the length and breadth of India. Close to 4 million Tata vehicles ply on Indian roads, since the first rolled out in 1954. The company’s manufacturing base is spread across Jamshedpur, Pune and Lucknow, supported by a nation-wide dealership, sales, services and spare parts network comprising over 2,000 touchpoints.
Tata Motors, the first company from Indiaâ€™s engineering sector to be listed in the New York Stock Exchange (September 2004), has also emerged as a global automotive company. In 2004, it acquired the Daewoo Commercial Vehicles Company, Koreaâ€™s second largest truck maker. The rechristened Tata Daewoo Commercial Vehicles Company has already begun to launch new products. In 2005, Tata Motors acquired a 21% stake in Hispano Carrocera, a reputed Spanish bus and coach manufacturer, with an option to acquire the remaining stake as well. Hispanoâ€™s presence is being expanded in other markets.
In 2006, it has formed a joint venture with the Brazil-based Marcopolo, a global leader in body-building for buses and coaches, to manufacture and assemble fully-built buses and coaches. Tata Motors and the Fiat Group have recently signed a memorandum of understanding to establish an industrial joint venture in India to manufacture passenger vehicles, engines and transmissions for the Indian and overseas markets; Tata Motors already distributes and markets Fiat branded cars in India.
These acquisitions will further extend Tata Motorsâ€™ global footprint, established through exports since 1961. The companyâ€™s commercial and passenger vehicles are already being marketed in several countries in Europe, Africa, the Middle East, Australia, South East Asia and South Asia. It has assembly operations in Malaysia, Kenya, Bangladesh, Spain, Ukraine, Russia and Senegal.
Tata Motors has a global presence with exports of vehicles to several countries in Europe, Africa, South America, Middle East, Asia and Australia and assembly operations in Malaysia, Bangladesh, Kenya, South Africa, Ukraine and Russia. The Company’s vehicles are known for their reliability, durability, safety, comfort and value for money.