TATA Motors

Tata Motors Limited is an Indian multinational automotive company, headquartered in Mumbai and part of the Tata Group. The company produces cars, trucks, vans, and buses.[7] Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo. Tata Motors has joint ventures with Hitachi (Tata Hitachi Construction Machinery) and Stellantis, which makes vehicle parts for Fiat Chrysler and Tata-branded vehicles. Tata Motors has auto manufacturing and vehicle plants in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune in India, as well as in Argentina, South Africa, the United Kingdom, and Thailand. It has research and development centers in Pune, Jamshedpur, Lucknow, Dharwad, India and South Korea, the United Kingdom, and Spain. Tata Motors is listed on the BSE and NSE, and is a constituent of the BSE SENSEX and NIFTY 50 benchmark indices. The company is ranked 265th on the Fortune Global 500 list of the world's biggest corporations as of 2019.[8] On 17 January 2017, Natarajan Chandrasekaran was appointed chairman of the company Tata Group. Tata Motors increased its UV market share to over 8% in FY2019.[9] History Tata Sierra (1991-2000) Tata Sumo (1994–2019) Tata Motors was founded in 1945, as a locomotive manufacturer. Tata Group entered the commercial vehicle sector in 1954 after forming a joint venture with Mercedes-Benz of Germany in which Tata developed a manufacturing facility in Jamshedpur for Daimler lorries.[10] By November 1954 Tata and Daimler manufactured their first goods carrier chassis at their Jamshedpur plant with 90-100 hp and capacity of 3-5 tons.[11] Tata Indica (first generation) Tata launched the Indica in 1998. A newer version of the car, named Indica V2, later appeared. Tata Motors also exported cars to South Africa.[12] In 1999, Tata Motors had a setback and decided to sell the car business. US auto giant, Ford was seen an ideal candidate. Officials from Ford came to Bombay House to talk with Tata. During the meeting at the Tata headquarters, American company evinced interest in buying out the business. To take the deal forward, Ratan Tata and his team flew to Detroit, USA to meet with the Ford's chairman, Bill Ford. The meeting lasted for three hours. During the meeting, Ford humiliated Tata by saying that they should have never started Tata Motors when they didn’t have a clue about manufacturing cars. Recalling this incident Tata group veteran, Praveen Kadle who was in the meeting said, that Ford told them, "You do not know anything about passenger cars, why did you start the passenger car division at all? We are doing a favour by buying your car division".[13][14] This incident made Ratan Tata to step back from the deal and concentrate on the Tata Motors' car division.[13][14] Later in 2008, during the Great Recession, Ford verged on bankruptcy. Tata offered to buy their Jaguar Land Rover for $2.3 billion. Ford chairperson thanked Tata by saying "You are doing us a big favour by buying JLR."[13][14] In the 2000s, Tata Motors made a series of acquisitions and partnerships, acquiring Daewoo's South Korea-based truck manufacturing unit,[15] a joint venture with the Brazil-based Marcopolo, Tata Marcopolo Bus,[16] Jaguar Land Rover.,[17][18][19][20] Hispano Carrocera,[21] and an 80% stake in the Italian design and engineering company Trilix.[22]