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Tata Motors is a leading producer of commercial vehicles in every segment. It is also among best three companies in passenger vehicles section. It has produced some exceptional cars in compact, utility and mid-size section.
Brief history
Tata Motors was established in 1945. Initially it functioned as an automobile manufacturing unit. It ventured into commercial vehicles in 1954 having entered into a partnership with Daimler-Benz AG in Germany.
Products and services
Tata Motors provides its products and services on a global basis. In India it provides products and services in five categories viz passenger cars, commercial passenger carriers, utility vehicles, defense vehicles and trucks.
In passenger cars section it offers Indica Vista, Indigo XL, Indica V2, Indigo, Indica V2 Turbo, Indigo Marina, Indica V2 Xeta, Indigo CS, Indica V2 Dicor and Fiat Cars. In utility vehicles section it offers Safari Dicor, Sumo and Sumo Grande.
In trucks section Tata Motors offers medium and heavy commercial vehicles, light commercial vehicles, intermediate commercial vehicles, small commercial vehicles, Tata Novus and TL 4×4. In commercial passenger carriers section Tata Motors provides buses, Magic and Winger.
Tata Motors also deals in defense vehicles. In a global context products of Tata may be divided into passenger cars and commercial vehicles.
Financials
In 2007, sales of Tata Motors amounted to $7.27 billion. It made profits worth $0.50 billion and held assets worth $5.77 billion. In 2007, market value of Tata Motors was around $6.75 billion.
Awards and recognition
Tata Motors has won a number of awards. Recently it won NDTV Profit Business Leadership Award 2008. It was conferred with EEPC's Top Exporter Trophy. It has received Uptime Champion Award in 2007 and National Award for Excellence in Cost Management.
TRAKIT of Tata Motors has won silver award for 'Excellence in Design'. Tata Motors Pune -CVBU has won “Golden Peacock National Quality Award”. Tata Motors received four esteemed awards at 'CNBC TV18 – Autocar Auto Awards.
Tata Motors has been recognized as most trustworthy brand in automobiles in India. It has also been conferred with title of Commercial Vehicle Manufacturer of 2006. It has also won CII-Exim Bank award in 2005.
Current financial crisis
Ratan Tata, chairman of Tata Group has warned chief executive officers of his companies to adopt certain measures in view of present global financial condition. He has asked them to put off acquisitions and slow down expansion activities.
Tata Motors has not been able to get complete subscription of double rights issue regarding realization of INR 4,150 crore. As a result it has not been able to garner 2.3 billion dollars required to acquire Jaguar Land Rover.
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