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Tata Group, founded in 1868 by Jamsetji Tata, is a family-owned Indian multinational
business conglomerate headquartered in Mumbai, Maharashtra. It has more than 100
operating companies and out of them 32 are publicly listed and operating in more than
80 countries across six continents. The major Tata Group companies are Tata Steel,
Tata Motors, Tata Chemicals, Tata Global Beverages, Tata Tele Services, Titan Industries,
Tata Communication and Taj Hotels. The combined capitalization of all the 32 listed
companies of Tata Group was $89.88 bn as of March 2012 and its revenue from outside
India is more than 58%.
Tata Motors Limited (formerly known as Tata Engineering and Locomotive Company
– TELCO), established in 1945, is India’s largest automobile company and is among
the first three in the passenger vehicles with a majority share in the compact, midsize
and multi-utility vehicle segments. It is the world’s fourth largest truck and bus
manufacturer and the largest auto company of South Asia. It achieved a unified growth
rate of 30.1% with revenues of 43,324 cr in the first quarter of fiscal 2013, thanks to
the healthy advancements in the volume of new products and increasing market share
of its subsidiary company, Jaguar and Land Rover (JLR), which it bought for $2.3 bn in
2008. The unified profit of the company stood at 3,623 cr, which is a surge of 50.8%.
During this period, the company’s passenger vehicle sales stood at 62,619 units. In the
first quarter of 2013, Tata Motors achieved a market share of 9.8% in the passenger
vehicle segment. The sales growth of Tata Motors’ luxury brands, Jaguar and Land
Rover, during the period surged to 83,452 units with 34% growth. Jaguar sales stood at
11,774 units and Land Rover sales at 71,678 units during this period.
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