Tata Motors Limited came into existence as in 1945 as Tata Locomotive and Engineering Company Limited. In 2003, the company’s name was changed to Tata Motors Limited. Global automaker Tata Motors produces a variety of passenger, commercial, and electric vehicles. The company is leading India's shift towards electric vehicles and maintaining a dominant position in the rapidly changing Indian automotive industry. The company began to make waves with the introduction of the Tata 407 Light Commercial Vehicle (LCV) in 1986. In 1991, Tata Motors started producing passenger vehicles (PVs) in India. In the following years, the PVs section expanded throughout other countries, much like its CV branch had done. The company was listed on stock exchanges on August 22, 1995, following its IPO. The company has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In FY 2023, the company has been ranked number 1 as an SUV maker in India for consecutively 2 years. In July 2023, Tata Motors announced the swapping of DVR shares into ordinary shares. It will issue 7 fully paid-up new ordinary shares with a face value of ₹2 for every 10 'A' ordinary shares with a face value of ₹2. This issuance will serve as consideration for the reduction and cancellation of the 'A' ordinary shares.

Business Segments

• Commercial Vehicles (CV):The organization is India's largest CV manufacturer, with the widest product and service portfolio catering to cargo and passenger mobility segments. In FY 2022-23, it strengthened its position with superior products and technologies by launching India’s first CNG vehicle in the MHCV category and rolling out the Yodha 2.0, Intra V20 bi-fuel, Intra V50 and ACE EV.
• Passenger Vehicles (PV):Tata Motors is the third-largest player in India’s PV space. The PV bringing forths include various body styles and powertrain options of Petrol, Diesel and CNG and are equipped with new features that deliver enhanced safety, drivability, comfort and convenience. In the past years, PVs like Nexon, Altroz, Tiago and Punch have seen good market traction and helped the enterprise to grow revenue.
• Electric Vehicles:Tata Motors is the largest player in India’s EV space. In 2020-2023, it increased its volumes from ~1.3K to ~50K vehicles and established itself as a strong market leader with around 84% VAHAN market share in this evolving space.
• Tata Motors Finance:Tata Motors Finance Limited (TMFL) and Tata Motors Finance Solutions Limited (TMFSL) are TMF Holdings Limited (TMFHL)’s Non-Banking Financial Companies (NBFCs) subsidiaries. TMFHL is a Core Investment Company (CIC) and Tata Motors' completely owned subsidiary. TMFL handles new vehicle financing, whereas TMFSL handles dealer/vendor financing and uses car refinance/repurchase.

The following are the subsidiaries of Tata Motors:

• Jaguar Land Rover (JLR):In June 2008, Tata Motors finished the acquisition of Jaguar Land Rover enterprises from Ford Motor Company for a net consideration of US$2.3 billion. The enterprise is known for its premium vehicles and exceptional driving experiences. With significant investments in electric vehicles, JLR is at the forefront of creating an eco‑friendly transportation future while continuing to deliver on luxury and performance.
• Tata Motors European Technical Centre PLC (TMETC):It is a wholly-owned subsidiary of Tata Motors. TMETC is an active partner in a number of collaborative projects in low-carbon technology and electric and hybrid vehicle technology for future passenger and light commercial vehicles.
• Tata Motors Insurance Broking and Advisory Services Limited (TMIBASL):TMIBASL offers end-to-end insurance solutions in the retail sector with a core priority on the automobile sector.

Financial Highlights

• Tata Motors has consistently increased its PV market share from 4.8% in FY 2020 to 12.1% in FY 2222 to 14.3% in Q1 FY 2023.
• With an 87% market share in FY 2022 and an 88% in Q1 FY 2023, the firm is still the market leader in the EV sector.

Key Managerial Personnel

Mr Shailesh Chandra, Managing Director  In 1995, Shailesh Chandra started working at Tata Sons. At Tata Sons, Shailesh held the positions of President, Electric Mobility Business & Corporate Strategy and Head of Corporate Strategy & Business Transformation. He is Tata Motor's Managing Director of Passenger Vehicles and Passenger Electric Mobility.

Corporate Actions

1. On May 2, 2015, Tata Motors Limited announced the closing of its ₹7,500 crore rights issue offer.
2. Tata Motors' largest acquisition to date was Jaguar Land Rover for $2.3 billion in 2008.