Tata Motors is one of the India’s largest company that produces original equipment in the field of automobile. This company has been serving in the field of transportation since 1991 and it never looked back. The first passenger vehicle release of this company in market was Tata sierra which was a multi-utility vehicle. After its first release , the company was focused on releasing more as well as new models of vehicles in the market and take the company in highest level. Tata Estate followed by Tata Sumo ( India’s first sports utility vehicle ) were released on 1992 and 1994 respectively.
The main aim of this company was to improve the quality life of the people globally. The group aimed to meet the expectations of of the general public by providing transportation facilities with their various and technological inventions. It was founded in 1945 by Jehangir Ratanji Dadabhoy Tata as an automotive company.
“Tata motors is also formerly known as Tata Engineering and Locomotive Co.”
It’s headquarters is located in Mumbai, Maharashtra, India . In 1954, Tata Group ventured into the commercial vehicle industry through a partnership with Daimler-Benz of Germany. This collaboration led to the establishment of a manufacturing facility in Jamshedpur, where Tata began producing Daimler lorries.
History Of Tata Motors
Back in 1868, a group named “TATA GROUP” was founded by Jamsetji Tata in Mumbai, India. It was started as a commerce firm before marching into other sector. The first creation of this group was India’s first integrated steel plant, Tata steel in 1907. At just a little capital of INR 21,000, the group was founded that now has been involved in several fields like Tata chemicals, Tata motors, Tata power, Tata coffee, Tata steel, Titan etc.
Among the companies of Tata group, Tata Consultancy Services Limited (TCS) is the biggest company in terms of market capitalization. Also , a prestigious company amongst Tata group, Tata motors was ranked 265th on the Fortune Global 500 list of the world’s biggest corporations as of 2019.
Financial Performance Of Tata Motors
Tata motors limited has a market capitalization or net worth of INR 3,25,529 Crore as on 22 March 2024. The net worth of the company last year was $7.33 Billion which seems to be decreased from 2022 as the net worth in 2022 was $53.988 Billion.
The share price of Tata motors limited is INR 986.20 (NSE) and INR 986.05 (BSE) as of 26th of march in 2024. In the last three years, the company has given a return of 51.16% . The following pie chart shows the amount of shares of this company hold by other groups or individual:
Owner And CEO Of Tata Motors
The owner of the company is Ratan Tata who is living 86 years of his age in Colaba Mumbai. Ratan Naval Tata was born in 28 December 1937 and serverd as a chairman of Tata group for 22 years from 1990 to 2012. Quiet lucky , Ratan Tata was adopted by Ratanji Tata son of Jamsetji Tata , founder of Tata group.
In 1961, he began his career journey at Tata, starting from the shop floor of Tata Steel. By 1991, he had ascended to the position of chairman of Tata Sons, taking over from J. R. D. Tata upon the latter’s retirement. Under his leadership, the Tata Group undertook significant acquisitions such as Tetley, Jaguar Land Rover, and Corus, aiming to shift Tata from a primarily India-centric entity to a global player.
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Additionally, he is celebrated for his philanthropic efforts, allocating approximately 60–65% of his income to charitable causes, thus establishing Tata as a leading global philanthropist.
“Apart from values and ethics which I have tried to live by, the legacy I would like to leave behind is a very simple one – that I have always stood up for what I consider to be the right thing, and I have tried to be as fair and equitable as I could be.” – Mr. Ratan Tata
Tata Motors has announced that Marc Listosella has been appointed as the new CEO of the company in 1st July 2021. Marc Listosella, an accomplished leader in the automotive sector, has amassed extensive expertise in Commercial Vehicles over his distinguished career, complemented by substantial operational acumen in India. With his vast experience, Marc is primed to propel Tata Motors’ Indian business to unprecedented success.
Current Status Of Tata Motors
The Tata Group’s products and services are available in more than 150 countries, with operations spanning nearly 100 countries. Consumers predominantly favor Tata vehicles, particularly their cars. Tata Motors consistently fulfills consumer needs, reflected in its high sales figures. Notably, the company specializes in offering vehicles that are fuel-efficient and cost-effective.
Due to its emphasis on fuel efficiency and affordability, the company has experienced substantial growth across different regions worldwide. This is evident considering the company’s average annual revenue over the past five years, which stands at approximately 287,444 crore.
Conclusion
In conclusion, it is evident that TATA MOTORS has emerged as one of the leading automobile companies worldwide, originating from South Asia. The vehicles produced by the company are widely admired by consumers, contributing to its established reputation in the market. This positive perception among consumers has propelled TATA MOTORS to become one of the largest automotive companies globally.
References
- Tata Motors official website
- Wikipedia
- General facts from researches
