Tata Motors
India is the world’s third-largest automobile market, the largest manufacturer of three-wheelers, passenger vehicles, and tractors, and the second-largest manufacturer of two-wheelers.
Tata Motors was established in 1945 under the Tata Group. It is among the world’s leading manufacturers of automobiles with an employee strength of around 81,090. It was the market leader in commercial vehicles segment with about 42.23% market share in FY22. It is present in multiple segments like cars and utility vehicles, trucks and buses, defence vehicles, and electric vehicles. The company has extended its presence internationally through joint ventures (JV) like the strategic alliance with Fiat and Marcopolo. Tata Motors is present in about 175 countries with research and development (R&D) centres in UK, Italy, India, and South Korea. Tata Motors sold 40,045 vehicles in December 2022.
- Leading manufacturer in automobile sector
- 42.23% market share in commercial vehicle segment in FY22
- Present in 175 countries
- Employee strength of about 81,090 employees
- Consolidated total revenue reached Rs. 88,489 crore (US$ 10.7 billion) in the third quarter of FY23
Tata Motors – Connecting Aspirants
| Year | Milestone |
|---|---|
| 2023 |
In February 2023, Tata Motors agreed to supply 25,000 of its X-Pres-T electric sedans to ride-hailing giant Uber’s network of fleet partners in India’s largest order for electric vehicles. According to a top Tata Motors executive, the cars will be delivered over 12-15 months. In February 2023, Tata Motors announced the attainment of the 5 million passenger vehicles production mark. In January 2023, Tata Motors announced to increase in prices across its passenger vehicles, effective Feb 1st, 2023. In January 2023, Tata Passenger Electric Mobility Limited completes the acquisition of Ford India’s Sanand plant. |
| 2022 |
In December 2022, Delhi Transport Corporation signs a definitive agreement with Tata Motors’ subsidiary for operating 1500 electric buses. In December 2022, Tata Motors partnered with the Strate School of Design in Bengaluru and launches a Novel Classroom Project. In December 2022, Bengaluru Metropolitan Transport Corporation signs a definitive agreement with Tata Motors’ subsidiary for operating 921 electric buses in Bengaluru. In December 2022, Tata Motors signs an MoU with Everest Fleet Private Limited for delivering 5000 XPRES-T EVs. In November 2022, the Nexon EV was the 50,000th electric car to roll out of Pune’s Tata Passenger Electric Mobility plant, making it the first Indian automaker to accomplish the feat. In April 2022, Tata Motors announced plans to invest Rs. 24,000 crore (US$ 3.08 billion) in its passenger vehicle business over the next five years. |
| 2021 |
In December 2021, Tata Motors announced plans of an investment of US$ 1 billion over the next five years in its commercial vehicle business, with commercial EVs being its prime focus. In October 2021, Tata Motors announced that private equity group TPG along with ADQ of Abu Dhabi has agreed to invest Rs. 7,500 crore (US$ 1 billion) in its EV division. In October 2021, Tata Motors announced plans to invest up to US$ 2 billion over the next four years to launch ten new EVs in India. In October 2021, Tata Motors launched the Tata Punch, a mini-SUV, at the starting price of Rs. 5.49 lakh (US$ 7,318). It will be available in four variants. In September 2021, Tata Motors announced sale of its 10,000th electric vehicle. In July 2021, Tata Motors introduced the Ace Gold Petrol CX, which is India's cheapest, most compact commercial four-wheeler vehicle, starting at Rs. 3.99 lakh (US$ 5,362). For this, it has partnered with the State Bank of India to provide up to 90% financing of on-road pricing, with monthly EMIs starting at Rs. 7,500 (US$ 101). In June 2021, Tata Motors and Tata Power inaugurated high-speed CCS2 EV charging stations in Chandigarh and Surat |
| 2020 |
Tata Motors’ compact SUV Nexon has become the first Indian car to be listed on the prestigious International Dismantling Information System (IDIS) platform for End-of-Life Vehicles (ELV). This would entail Tata Motors will make the entire life cycle of its Nexon cars sustainable right through the development with ultra-low/zero emission vehicles to responsible recycling of the vehicle at the ELV stage Tata Motors launched Mega Safety Campaign, a nationwide free safety check-up camp for its customers in over 650 workshops Tata Motors supplies 26 electric buses to BEST |
| 2019 |
Tata Motors has bagged a huge order of over 2300 buses from various State Transport Undertakings |
| 2018 |
Tata Motors created a separate vertical for electrical vehicles to tap into the market potential. |
| 2017 |
Introduced a sum brand – TAMO |
| 2009 |
The company launched Tata Nano. |
| 2008 |
The company bought Jaguar an Land Rover from Ford |
| 2005 |
The company launched wide range of fully built buses and coaches under Globus and Starbus brands |
| 1998 |
The company launched India’s first sports utility vehicle Tata Safari. |
| 1991 |
Launched first ever indigenous passenger vehicles car Tata Sierra. |
| 1983 |
The company started manufacturing heavy commercial vehicles. |
| 1954 |
Launched its first commercial vehicle, The TMB 312 truck. |
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