Monday, May 5, 2008
Founder J.R.D. Tata
Headquarters Mumbai, India
Key people Ratan Tata, Chairman
Products Automobiles and Engines
Revenue INR 369.88 billion (US$ 9.07 billion) (2006)
Parent Tata Group
Subsidiaries Jaguar Cars,Land Rover, Rover (Dormant),Tata Daewoo
Tata Motors Limited ,formerly known as TELCO (TATA Engineering and Locomotive Company), is a multinational corporation headquartered in Mumbai, India. It is India's largest passenger automobile and commercial vehicle manufacturing company. Part of the Tata Group, it is one of the world's largest manufacturers of commercial vehicles. The OICA ranked it as the world's 20th largest automaker, based on figures for 2006.
Tata Motors was established in 1945, when the company began manufacturing locomotives. The company manufactured its first commercial vehicle in 1954 in collaboration with Daimler-Benz AG, which ended in 1969. Tata Motors was listed on the NYSE in 2004, and by 2005 it was ranked among the top 10 corporations in India with an annual revenue exceeding INR 320 billion. In 2004, it bought Daewoo's truck manufacturing unit, now known as Tata Daewoo Commercial Vehicle, in South Korea. It also, acquired a 21% stake in Hispano Carrocera SA, giving it controlling rights in the company. Tata Motors launched their much awaited Tata Nano, noted for its Rs 100,000 price-tag, in January 2008.
In March 2008, it finalized a deal with Ford Motor Company to acquire British businesses, Jaguar Cars and Land Rover, which brought along with them the Rover, Daimler & Lanchester marques — the sale is expected to be completed during the second quarter of 2008.Tata Motors has its manufacturing base in Jamshedpur, Lucknow, Pune and Singur.