Tata Motors

Not to be confused with Tatra (company).
Tata Motors Limited
Public
Traded as BSE: 500570 (BSE SENSEX Constituent)
NSE: TATAMOTORS
NYSE: TTM
Industry Automotive
Founded 1945
Founder Jamsetji Tata
Headquarters Mumbai, Maharashtra, India[1]
Area served
 Worldwide
Key people
 Cyrus Pallonji Mistry (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 Increase US$ 38.6  billion (FY 2013-14)[2]
Increase US$ 3.86 billion (2014)[2]
Profit Increase US$ 2.29 billion (2014)[2]
Total assets Increase US$ 36.05 billion (2014)[2]
Total equity Increase US$ 8.91 billion (2014)[2]
Number of employees
 66,593 (2014)[2]
Parent Tata Group
Divisions Tata Motors Cars
Subsidiaries Jaguar Land Rover
Tata Daewoo
Tata Hispano
Slogan More Dreams Per Car
Website www.tatamotors.com

Tata Motors Limited (formerly TELCO, short for Tata Engineering and Locomotive Company) is an Indian multinational automotive manufacturing company headquartered in Mumbai, 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 17th-largest motor vehicle manufacturing company, fourth-largest truck manufacturer, and second-largest bus manufacturer by volume.[3]

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.[4] In 1998, Tata launched the first fully indigenous Indian passenger car, the Indica, and in 2008 launched the Tata Nano, the world's cheapest 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.

History

The second-generation Tata Indica; one of the best-selling cars in the history of the Indian automobile industry
TheTata Nano, the world's cheapest car

Tata entered the commercial vehicle sector in 1954 after forming a joint venture with Daimler-Benz of Germany. After years of pdominating 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 numbers of the car to South Africa. The success of the Indica played a key role in the growth of Tata Motors.[5]

In 2004, Tata Motors acquired Daewoo's South Korea-based truck manufacturing unit, Daewoo Commercial Vehicles Company, later renamed Tata Daewoo.[6]

On 27 September 2004, Tata Motors rang the opening bell at the New York Stock Exchange to mark the listing of Tata Motors.[7]

In 2005, Tata Motors acquired a 21% controlling stake in the Spanish bus and coach manufacturer Hispano Carrocera.[8] Tata Motors continued its market area expansion through the introduction of new products such as buses (Starbus and 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.[9]

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.[10][11][12][13]

In May 2009, Tata unveiled the Tata World Truck range jointly developed with Tata Daewoo;[14] the range went on sale in South Korea, South Africa, the SAARC countries, and the Middle East at the end of 2009.[14]

Tata acquired full ownership of Hispano Carrocera in 2009.[15]

In 2009, its Lucknow plant was awarded the "Best of All" Rajiv Gandhi National Quality Award.[16]

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.[17]

In 2012, Tata Motors announced it would invest around INR6 billion in the development of Futuristic Infantry Combat Vehicles in collaboration with DRDO.[18]

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".

In 2014, Tata Motors introduced first Truck Racing championship in India "T1 Prima Truck Racing Championship".

On 26 January 2014, the Managing Director Karl Slym was found dead. He fell from the 22nd floor to the fourth floor of the Shangri-La Hotel in Bangkok, where he was to attend a meeting of Tata Motors Thailand.[19]

Operations

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 Cars

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.[20] The company’s manufacturing base in India is spread across Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), Dharwad (Karnataka) and Sanand (Gujarat). Tata Motors has highest market share in Nepal due to contributions from Padmendu and Inderpreet. Tata's dealership, sales, service, and spare parts network comprises over 3,500 touch points.[20] Tata Motors has more than 250 dealerships in more than 195 cities across 27 states and four Union Territories of India.[21] 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, the Ukraine, Russia, and Senegal.[22] Tata has dealerships in 26 countries across 4 continents.[23] 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,[24] Spain,[25] Poland,[26] Romania,[27] Turkey,[28] Chile,[29] and South Africa.[30]

Tata Daewoo

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 such as Mercedes-Benz, Volvo, and Navistar into the Indian market.[31]

Tata Hispano

Main article: Tata Hispano

Tata Hispano Motors Carrocera, S.A. was a bus and coach manufacturer based in Zaragoza, Aragon, Spain, and a wholly owned subsidiary of Tata Motors. Tata Hispano has plants in Zaragoza, Spain, and Casablanca, Morocco. Tata Motors first acquired a 21% stake in Hispano Carrocera SA in 2005,[8] and purchased the remaining 79% for an undisclosed sum in 2009, making it a fully owned subsidiary, subsequently renamed Tata Hispano. In 2013, Tata Hispano ceased production at its Zaragoza plant. Ref

Jaguar Land Rover

The Range Rover Evoque
Main article: Jaguar Land Rover

Jaguar Land Rover PLC is a British premium automaker headquartered in Whitley, Coventry, United Kingdom, and has been a wholly owned subsidiary of Tata Motors since June 2008, when it was acquired from Ford Motor Company.[32] Its principal activity is the development, manufacture and sale of Jaguar luxury and sports cars and Land Rover premium four-wheel-drive vehicles. It also owns the currently dormant Daimler, Lanchester, and Rover brands.[33]

Jaguar Land Rover has two design centres and three assembly plants in the UK. Under Tata ownership, Jaguar Land Rover has launched new vehicles including the Range Rover Evoque, Jaguar F-Type, the Jaguar XF, the latest Jaguar XJ the second-generation Range Rover Sport, the fourth-generation Land Rover Discovery, and the fourth-generation Range Rover.

TML Drivelines

TML Drivelines Ltd. is a wholly owned subsidiary of Tata Motors engaged in the manufacture of gear boxes and axles for heavy and medium commercial vehicles. It has production facilities at Jamshedpur and Lucknow. TML Forge division is also a recent acquisition of TML Drivelines. TML Drivelines was formed through the merger of HV Transmission and HV Axles .

Tata Technologies

Tata Technologies Limited (TTL) is an 86.91%-owned subsidiary of Tata Motors which provides design, engineering, and business process outsourcing services to the automotive industry. It is headquartered in Pune (Hinjewadi) and also has operations in Detroit, London, and Thailand. Its clients include Ford, General Motors, Honda, and Toyota.

The British engineering and design services company Incat International, which specialises in engineering and design services and product lifecycle management in the automotive, aerospace, and engineering sectors, is a wholly owned subsidiary of TTL. It was acquired by TTL in August 2005 for INR4 billion.

European Technical Centre

The Tata Motors European Technical Centre (TMETC) is an automotive design, engineering, and research company based at Warwick Manufacturing Group (WMG) on the campus of the University of Warwick in the United Kingdom. It was established in 2005 and is a wholly owned subsidiary of Tata Motors. It was the joint developer of the World Truck.[34]

In September 2013, it was announced that a new National Automotive Innovation Campus would be built at WMG at Warwick's main campus at a cost of £100 million.[35][36] The initiative will be a partnership between Tata Motors, the university, and Jaguar Land Rover, with £30 million in funding coming from Tata Motors.[37]

Joint ventures

Tata Marcopolo

Main article: Tata Marcopolo
A Tata Marcopolo bus in use in Chandigarh, India

Tata Marcopolo is a bus-manufacturing joint venture between Tata Motors (51%) and the Brazil-based Marcopolo S.A. (49%). The joint venture manufactures and assembles fully built buses and coaches targeted at developing mass rapid transportation systems. It uses technology and expertise in chassis and aggregates from Tata Motors, and know-how in processes and systems for bodybuilding and bus body design from Marcopolo. Tata Marcopolo has launched a low-floor city bus which is widely used by Chandigarh, Kolkata, Chennai, Coimbatore, Delhi, Hyderabad, Mumbai, Lucknow, Pune, Agra, Kochi, Trivandrum, and Bengaluru transport corporations. Its manufacturing facility is based in Dharwad.

Fiat-Tata

Fiat-Tata is an India-based joint venture between Tata and Fiat which produces Fiat and Tata branded passenger cars, as well as engines and transmissions. Tata Motors has gained access to Fiat’s diesel engine technology through the joint venture.[38]

The two companies formerly also had a distribution joint venture through which Fiat products were sold in India through joint Tata-Fiat dealerships. This distribution arrangement was ended in March 2013; Fiats have since been distributed in India by Fiat Automobiles India Limited, a wholly owned subsidiary of Fiat.[39][40]

Tata Hitachi Construction Machinery

Tata Hitachi Construction Machinery is a joint venture between Tata Motors and Hitachi which manufactures excavators and other construction equipment. It was previously known as Telcon Construction Solutions.

Products

For details of Tata Motors passenger cars, see Tata Motors Cars. For details of Land Rover products, see Land Rover. For details of Jaguar products, see Jaguar Cars.

Commercial vehicles

The Tata TL
A Tata 407 water truck
A Tata Starbus
Tata Motors trucks in Rajasthan, India
TATA Semi-Forward Cab 1210SE Truck
Tata twin-axle lorry in South India

Military vehicles

Tata Motors proposed overhaul of armored fighting vehicles and infantry main combat vehicles in 2015. The inter-ministerial committee was chaired by Secretary in the Department of Industrial Policy and Promotion (DIPP) approved most of the proposals from the defense Manufacturing sector in India.[41]

Electric vehicles

Tata Motors has unveiled electric versions of the Tata Indica passenger car powered by TM4 electric motors and inverters,[42] as well as the Tata Ace commercial vehicle, both of which run on lithium batteries. The company has indicated the electric Indica would be launched locally in India in about 2010, without disclosing the price. The vehicle would be launched in Norway in 2009.[43]

Tata Motors' UK subsidiary, Tata Motors European Technical Centre, has bought a 50.3% holding in electric vehicle technology firm Miljøbil Grenland/Innovasjon of Norway for US$1.93 million, which specialises in the development of innovative solutions for electric vehicles, and plans to launch the electric Indica hatchback in Europe next year.[44][45][46] In September 2010, Tata Motors presented four CNG–Electric Hybrid low-floored Starbuses to the Delhi Transport Corporation, to be used during the Commonwealth Games. These were the first environmentally friendly buses to be used for public transportation in India.

Notable vehicles

Tata Ace

Main article: Tata Ace
Tata Ace was India's first mini truck

Tata Ace, India's first indigenously developed sub-one-ton minitruck, was launched in May 2005. The minitruck was a huge success in India with auto analysts claiming that Ace had changed the dynamics of the light commercial vehicle (LCV) market in the country by creating a new market segment termed the small commercial vehicle segment. Ace rapidly emerged as the first choice for transporters and single truck owners for city and rural transport. By October 2005, LCV sales of Tata Motors had grown by 36.6% to 28,537 units due to the rising demand for Ace. The Ace was built with a load body produced by Autoline Industries.[47] By 2005, Autoline was producing 300 load bodies per day for Tata Motors.

Ace is still a top seller for TML with 500,000 units sold by June 2010.[48] In 2011, Tata Motors invested Rs 1000 crore in Dharwad Plant, Karnataka, with the capacity of 90,000 units annually and launched two models of 0.5-T capacity as Tata Ace Zip, Magic Iris.[49]

Ace has also been exported to several Asian, European, South American, and African countries and all-electric models are sold through Polaris Industries' Global Electric Motorcars division.[50] In Sri Lanka, it is sold through Diesel and Motor Engineering (DIMO) PLC under the name of DIMO Batta.

Tata 407

Main article: Tata 407

Tata 407, is an LCV that has sold over 500,000 units since its launch in 1986.[51] In India, this vehicle dominates market share of the LCV category, accounting for close to 75% of LCV sales.

Tata Bravo - Quadricycle

Tata Motors have been working on its very own quadricycle concept with a new petrol engine under 'project Bravo'.[52]

Tata Hexa - Crossover

Tata Motors, has unveiled the Hexa crossover concept at the 2015 Geneva Motor Show. The concept previews the company's upcoming six-seater crossover, which is likely to be launched in 2016.[53]

See also

Wikimedia Commons has media related to Tata Motors.

References

  1. ↑ http://www.tatamotors.com/contactus/index.php
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 "Tata Motors Financial Statements" (PDF).
  3. ↑ "Financials of Tata Motors Limited". CNN.
  4. ↑ Bhaktavatsala Patra, C. (1993-02-20). "Structural Configurations and Strategic Investments: Indian Automobile Industry". Economic and Political Weekly (Mumbai, India: Sameeksha Trust) 28 (8/9): M29.
  5. ↑ "Tata Milestones". Retrieved 22 March 2009.
  6. ↑ "Tata Motors completes acquisition of Daewoo Commercial Vehicle Company". Tata Motors. Retrieved 7 October 2010.
  7. ↑ "Tata Motors lists on NYSE".
  8. ↑ 8.0 8.1 "H I S P A N O". Hispano-net.com. Retrieved 11 October 2010.
  9. ↑ "Tata Motors, Brazil co form joint venture". The Hindu Business Line. Retrieved 7 October 2010.
  10. ↑ "FORD MOTOR COMPANY ANNOUNCES AGREEMENT TO SELL JAGUAR LAND ROVER TO TATA MOTORS" (Press release). Ford Motor Company. 26 March 2008. Archived from the original on 12 June 2008. Retrieved 27 March 2008.
  11. ↑ "Tata Motors enters into Definitive Agreement with Ford for purchase of Jaguar Land Rover" (Press release). Tata Motors. 26 March 2008. Retrieved 27 March 2008.
  12. ↑ Tony Lewin (27 March 2008). "Classic names are part of Tata deal". Crain Communications work=Automotive News. Retrieved 18 May 2008.
  13. ↑ "Tata Motors completes acquisition of Jag, Land Rover". Thomson Reuters. 2 June 2008. Retrieved 2 June 2008.
  14. ↑ 14.0 14.1 "Tata Motors unveils ‘World Truck’ range". The Hindu Business Line. 29 May 2009. Retrieved 4 June 2009.
  15. ↑ "Tata Motors acquires control of Hispano Carrocera". Business-Standard. 20 October 2009. Retrieved 20 October 2011.
  16. ↑ SHRAWAN (2013-05-29). "ANNEX IV: LIST OF AWARD WINNERS OF RAJIV GANDHI NATIONAL QUALITY AWARDS" (PDF). http://www.bis.org.in''. New Delhi: Bureau of Indian Standards. Retrieved 2014-05-15.
  17. ↑ "Tata Motors acquires 80% stake in Italy's Trilix". Money Control. Retrieved 7 October 2010.
  18. ↑ "Piramal Enterprises picks up 27% stake in Bluebird Aero Systems". Retrieved 18 August 2012.
  19. ↑ Dies CEO of Tata http://www.lefigaro.fr/societes/2014/01/27/20005-20140127ARTFIG00312-le-dg-du-geant-indien-de-l-automobile-tata-motors-retrouve-mort-dans-un-hotel.php
  20. ↑ 20.0 20.1 "Tata Motors". Tata Motors. Retrieved 4 June 2009.
  21. ↑ http://tatanano.inservices.tatamotors.com/tatamotors/index.php?option=com_booking&task=outlets&Itemid=304
  22. ↑ "Tata Motors International : Company : Profile". Tatacarsworldwide.com. Retrieved 4 June 2009.
  23. ↑ "Tata Motors International : Global Network". Tatacarsworldwide.com. Retrieved 4 June 2009.
  24. ↑ http://www.tatamotors.it/
  25. ↑ http://www.tatamotors.es/
  26. ↑ http://tatamotor.com.pl/
  27. ↑ http://www.davossi.ro/
  28. ↑ http://www.tata.com.tr/
  29. ↑ http://www.tata-motors.cl/
  30. ↑ http://www.tata.co.za/
  31. ↑ "Tatas readying new line of CVs to take on competition". 14 July 2012.
  32. ↑ Mike Rutherford (29 March 2008). "Mike Rutherford ponders Tata's takeover of Land Rover and Jaguar". The Daily Telegraph (Telegraph Media Group). Retrieved 30 July 2008.
  33. ↑ "5 for 2 special: Tata acquires 3 other British marques in Jaguar, Land Rover deal". Leftlane News. 28 March 2008. Retrieved 28 March 2008.
  34. ↑ "Tata Motors Unveils New Range Of Trucks". Motorbeam.com. 29 May 2009. Retrieved 4 June 2009.
  35. ↑ "£100m investment boost for Warwick University". The Independent. 25 September 2013. Retrieved 29 September 2013.
  36. ↑ "University of Warwick £100m car centre 'will secure jobs'". BBC. 24 September 2013. Retrieved 29 September 2013.
  37. ↑ "Tata Motors confirms £30m investment in UK R&D centre". The Engineer. 3 December 2013. Retrieved 27 February 2014.
  38. ↑ "Fiat, Tata Motors set up joint venture". timesofmalta.com. 21 October 2007. Retrieved 1 April 2008.
  39. ↑ "Fiat to complete split from Tata in sales ops by Mar 2013". Business Standard. 19 September 2012. Retrieved 12 January 2014.
  40. ↑ "After split with Tata Motors, Fiat begins its solo India ride". The Economic Times. 11 April 2013. Retrieved 12 January 2014.
  41. ↑ "Tata Motors defence proposal receives a nod from the panel". CarTrade. 26 February 2015. Retrieved 27 February 2015.
  42. ↑ http://www.tm4.com/about-us/customers/
  43. ↑ http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=101846&topicId=104970025&docId=l:846836097
  44. ↑ "Tata Group | Tata Motors | Media releases | TMETC acquires 50.3 per cent stake in Norway's Miljo Grenland/Innovasjon; to launch first electric vehicle". Tata.com. 14 October 2008. Retrieved 2 May 2009.
  45. ↑ "Tata Group | Our businesses | Tata companies | Tata Motors European Technical Centre". Tata.com. Retrieved 2 May 2009.
  46. ↑ "INDIA [photo added 15:45BST]: Tata to launch EV next year: Automotive News & Comment". Just-auto.com. 14 October 2008. Retrieved 2 May 2009.
  47. ↑ Autoline Website, http://web.archive.org/web/20080209022809/http://www.autolineind.com/our_story.htm
  48. ↑ "tatamotors". Tatamotors. 14 March 2012. Archived from the original on 14 March 2012. Retrieved 8 August 2012.
  49. ↑ "Autoline". Web.archive.org. 9 February 2008. Archived from the original on 9 February 2008. Retrieved 11 October 2010.
  50. ↑ http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=101846&topicId=104970025&docId=l:734196290
  51. ↑ http://tatamotors.com/investors/financials/67-ar-html/winners_from_tata_motors.html
  52. ↑ "Tata Motors working on developing its own quadricycle under project Bravo". CarTrade. 25 February 2015. Retrieved 25 February 2015.
  53. ↑ "Tata Hexa crossover concept unveiled at 2015 Geneva Motor Show". CarTrade. 3 March 2015. Retrieved 4 March 2015.

External links

Tata road car timeline, Indian market, 1990s–present
Type 1990s 2000s 2010s
0123456789 0123456789 01
City car Nano
Pixel
Subcompact Indica Indica Vista
Indigo
Compact Indigo Manza
Crossover Aria
SUV Sierra Safari TCIC Safari dicor
Pickup Tata TL Xenon
MUV/MPV Estate Sumo Sumo Victa
Sumo Grande
Venture
Microvan Magic
Magic Iris
Maxi Van Winger