$ 20.12 USD
-0.44 $ (-2.14%)
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About Company
Tata Motors Ltd. is the largest Indian automobile manufacturer belonging to the Tata Group, which was previously known as TELCO (TATA Engineering and Locomotive Company). It was founded in 1945 and used to be a manufacturer of locomotives and rail cars; nowadays, it is the largest Indian car manufacturer (the first commercial car was produced in 1954). Moreover, Tata Motors owns the rights to Jaguar and Land Rover. Innovative activities of this Indian corporation are focused on developing technologies for replacing the hydrocarbon fuel with more environmentally friendly alternative fuels. Thus, for example, it created the world’s first functioning pneumatic vehicle — OneCAT. Its engine works on compressed air. Tata Motors announced the release of an unmanned electric vehicle in 2017. According to the developers, this vehicle will be controlled via an application installed on a tablet. The Tata Group also manufactures buses (city and intercity), heavy commercial vehicles, excavators and other construction equipment.
The number of employees exceeds 80,000 people, the annual consolidated revenue is more than $40 billion, car sales amount to 1 million pcs. per year.
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