Tata Motors Limited (NSE: TATAMOTORS, BSE: 500570, NYSE: TTM, NASDAQ: TTM)
is a multinational automotive corporation
headquartered in Mumbai,
India. Part of the Tata
Group, it was formerly known as TELCO (TATA
Engineering and Locomotive Company).
Tata Motors is India’s largest automobile
company, with consolidated net profit of
9,274 crore (US$2.07
billion) in
2010–11. It is the leader in commercial
vehicles and
among the top three in passenger vehicles. Tata
Motors has products in the compact, midsize car
and utility vehicle segments. The company is the
world's fourth largest truck manufacturer, the
world's second largest bus manufacturer, and
employs 50,000 workers.[4] Since
first rolled out in 1954, Tata Motors has
produced and sold over 4 million vehicles in
India.[5]
Established in 1945, when the company began
manufacturing locomotives,
the company manufactured its first commercial
vehicle in 1954 in a collaboration withDaimler-Benz AG,
which ended in 1969.[6] Tata
Motors is a dual-listed
company traded
on both the Bombay
Stock Exchange, as well as on the New
York Stock Exchange. Tata Motors in 2005,
was ranked among the top 10 corporations in
India with an annual revenue exceeding INR 320 billion.
In 2010, Tata Motors surpassed Reliance to win
the coveted title of 'India's most valuable
brand' in an annual survey conducted by Brand
Finance and The Economic Times.[7]
Tata Motors has auto manufacturing and assembly
plants in Jamshedpur, Pantnagar, Lucknow, Ahmedabad, Sanand, Dharwad and Pune in
India, as well as in Argentina, South Africa and
Thailand.