Tata Motors Ltd Company History

The Company was incorporated on 1st September at Mumbai to manufacture diesel vehicles for commercial use, excavators, industrial shunter, dumpers, heavy forgings and machine tools.

The commerical diesel vehicles which were known `Tata Mercedes Benz' (TMB) are now called `Tata' vehicles after the expiry of the collaboration agreement with Daimler-Benz AG, West Germany. The company also used to manufacture pulp and paper making machinery.

Tata Enginering undertook manufacture of 5000 'KC' broad gauge open wagons for the Indian Railway.

The Managing Agency Tata Sons was transferred to Tata Industries on July 1, 1946. The Managing Agency system continued till it was abolished by an act of Parliament in 1970.

Steam Road Roller introduced in collaboration with Marshal Sons (UK) 1950 Collaboration signed with M/s Krauss-Maffei, W. Germany for manufacture of steam locomotives 1954 Collaboration with M/s Daimler

Benz AG, W.Germany, for the manufacture of medium commercial vehicles at Jamshedpur.

Steel foundry set up in collaboration with Usines Emile Henricot of Court St. Etienne, Belgium.

Research and Development Center set up at Jamshedpur.

The company's name, which was Tata Locomotive & Engineering Company Ltd.was changed to Tata Engineering & Locomotive Company Ltd.

Collaboration with M/s Pawling & Harnischfeger (P&H), U.S.A. for manufacture of cable type excavators and cranes.

A project for the production of large press tools and complex dies was undertaken in collaboration with Raymond. F. Thompson (Engineers) Ltd. UK.

With effect from 1st July the Investa Machine Tools and Engineering Co. Ltd. was amalgamated with the company and it became the Machine Tool Division.

Vehicle manufacture facilities steadily built up at Pune 1968 Collaboration with M/s Hueller Hille Gmbh, W. Germany, for the manufacture of unit construction special purpose machines.

Consequent to the amalgamation of Central Bank of India, Ltd., thecompany issued and allotted to the shareholders of erstwhile CentralBank of India, Ltd., 11,39,208 - 7.75% mortgaged debentures of Rs.100each on 1st October. Option was given to convert 50% of their facevalue of a block of 5 debentures into one equity share of the Companyat a premium of Rs.150 per share.

Consequently 3,19,825 debentures were submitted to convert 50% of their face value into 63,965 No. of equity shares. These shares were issued on 31st March 1975.

Subsequently, 3,19,824 debentures of Rs.50 each were consolidated into 1,59,912 debentures of Rs.100 each. As per the terms of issue, these debentures were to be redeemed at par anytime between 1.10.1975 to 30.9.1982.

Central Bank of India Ltd., was merged with the Company with effect from 24th April. Allotment of shares and debentures as per the terms of the scheme of amalgamation to the shareholders of Central Bank of India Ltd., was completed during January-March 1972.

During the year company made a sale of know-how to Tata Precision Industries Pvt Ltd in Singapore for the design and production of machinery and tools. The company was also appointed the technical consultants to TPIL for a period of 10 year for which the Company was

to receive a royalty of 3.5% of net sales for seven years commencing from the date TPL start making profit.

The company entered into a joint venture with Tata Industries Sdn.Bhd. of Malaysia for the assembly of the Telco vehicles in Malaysia.

The company issued 10,50,000-11% 7 year unsecured convertible bonds of Rs.450 each at par at an aggregate value of Rs.47.25 crores as follows: 2,54,701 bonds as rights to shareholders other than Daimler-Benz AG, West Germany: 1,44,444 bonds to Daimler-Benz Ag, West Germany; 1,15,355 bonds to employees and directors of the Company and

5,35,500 bonds to the public. The public offer as made during October 1980 and it was oversubscribed by five times. Conversion of bonds into equity shares will took place in 1983-84 and 1987-88.

The company issued 15% secured non convertible debentures of Rs.100 each aggregating to 30 crores in order to augment the long-term funds for working capital requirements and to meet the capital expenditure on its modernisation and replacement programme. This issue was made under the schemes, viz.,

(i) Cumulative interest payment scheme and

(ii) non-cumulative interest payment scheme, which the applicant could choose. It also offered these debentures simultaneously to other categories of persons like the resident convertible bondholders, debenture holders, depositors, preference shareholders, directors and

the Company' s employees, their friends and relations and business associates of the Company. These are redeemable at a premium of 5% on 1st Nov. 1997 under the non-cumulative interest payment scheme and in three equal annual instalments starting from 1st November 1997 under the cumulative interest scheme. The interest rate has been reduced to

14%. The company also privately placed 5,500,000-15% NCD's of Rs.100

each of the series.

1,83,839 No. of equity shares issued (prem. Rs 14.79 per share) to holders of 10.5% deb. 10,10,696 No. of Equity Shares allotted (prem. Rs 60.70 per share) in conversion of 11% bonds (I Option).

The Govt. approval was received for increasing the vehicle manufacturing capacity to 35,520 vehicles per annum thereby bringing the total licensed capacity to 78,000 vehicles. A letter of intent was received for setting up a new plant for the manufacture of 9000 vehicles per annum in U.P which was later converted into an industrial licence.

Collaboration with M/s Hitachi Construction Machinery Co. Ltd., Japan, for manufacture of hydraulic excavators. Expansion of capacity at Pune.

Collaboration with M/s Hitachi Construction Machinery Co. Ltd., Japan, for manufacture of hydraulic excavators.

All the dies and many of the machine tools and production devices required for the new `TATA 407' and `TATA 608' series were produced by the Company in Capital Goods Division. The company started making CNC machines in Capital Goods Division and its engineers were receiving know-how and training from Nachi-Fujikoshi and Niigata of Japan with

whom the Company was collaborating in these fields. A new electronics centres was also commisioned at Pune to support the manufacture and maintenance of this new generation of CNC machines.

Collaboration with Niigata Engineering Co. Ltd, Japanfor NC / CNC Horizontal Machining Centers and with Nachi-Fujikoshi Corp., Japan for NC /CNC In line Machining Centers and flexible manufacturing systems.

The company issued 40,00,000 15% NCD's at the rate of Rs.100 each for Rs.40 cr on rights basis. Subsequently 20,00,000 additional debentures were issued to retain over-subscription. These were allotted on 31 Dec. 1986 and are redeemable in 3 equal instalments off Rs 35 each at the end of the 7th, 8th, and 9th year at a premium of 5% being included in the 1st instalment.

The Company offered during August/September 11,15,790-12.5% secured convertible debentures of Rs.950 each as follows: (i) 8,87,368 debentures to the existing shareholders in the proportion of 1 debenture for every 6 equity shares held: (ii) 1,75,789 debentures to

the holder of 11% convertible bonds in the proportion of 1 debenture for every 6 bonds held and (iii) 52,633 debentures to the employees (including Indian Working Directors)/workers of the Company on an equitable basis (only 35,864 debentures were taken up). Additional

2,65,789 convertible debentures were issued to retain over subscription in the cartegories (i) and (ii).

10,10,196 Equity shares allotted (prem. Rs 60.70 per shares) in con. of 11% bonds in 1987-88. 40,69,573 No. of Equity shares allotted in con. of 12.5% deb. in 1988-89.

The Tata mobile pick up entirely designed and engineered by Telco was launched in July 1988. It also obtained know how for the manufacture of thin walled automotive aluminium castings from Kloth Senking Metallgiesserei Stahl Gmbh, West Germany. A portion of Rs.550 of each debenture issued in 1987 got converted into 2 equity shares of Rs.100

each at a premium of Rs.175 on 1st April 1988. A part of the remaining debentures were converted into 13,39,953 equity shares on 1st October 1988. The balance was either retained by the holders as debentures or sold back to the company by them at face value.

During the year company undertook to set up a new forge shop, a high output foundry line, a new paint shop as well as augmentation of engine and gearbox manufacturing facilities, all at Jamshedpur. Test facilities such as specially constructed gradient track to check the

climbing capability of vehicles and their ability to start on an incline was added to the Engineering Research Centre at Pune.

During the year company negotiating with Daimler-Benz for manufacturing their World Concept Truck in India. These vehicles were to be marketed overseas by Daimler-Benz under their brand which would lead to technological upgradation of the existing range of vehicles in

India.

The company acquired 25% of the market share in the light commercial vehicles. The company signed an agreement with Hitachi Construction Machinery Co.Ltd. Japan for the manufacture of a more advanced series of hydraulic excavators ie, `EX'series.

During the year, Nachi-Fujikoshi, a collaborator of the Company agreed to buy the online machinery centres made in Telco's machine tool division. A letter of intent was also received for supplying vehicle aggregates to Mercedes Ben 355 Indonesian Partner.

During the year company obtained know-how for the manufacture of thin-walled automotive aluminum casting from Kloth Senking Metallgiesserei GmbH, a subsidiary of Salzgitter Stahl GmbH, West Germany.

57,000-13.5% pref. shares redeemed. Equity shares sub-divided on 5.1.1990. 8,590 No. of equity shares of Rs 10 each issued (prem. Rs 30 per share) in part conv. of 12.5% debs. (Part B)>

The Company entered into an agreement with Cummins Engine Company Inc. USA for forming a 50% - 50% joint venture to produce fuel efficient engines with low-commission characteristics for powering the Company's range of Medium/heavy vehicles. The Company was incorporated in October 1993. Its factory is to be established at Jamshedpur.

A new model of earthmoving equipment the TWK-3036 Tata Front End Wheel Loader was introduced.

57,000 - 13.5% pref. shares redeemed.

During the year the company entered into a collaborative agreement with an internationally renowned engine research and development organisation to jointly develop higher horsepower, fuel efficient diesel and petrol engines to meet the future requirements of the

company.

The last quarter saw the company launching two new passenger vehicles, the SIERRA and the ESTATE totally designed and manufactured in India. The company acquired a BIFR company, M/s Noduron Founders Maharashtra Ltd. The total cost for Telco worked out to Rs.18 crores as against setting up of similar critical castings foundry.

During the year company launched a new earth moving equipment TWK-3036 Tata Front End Wheel Loader.

During February 1991 the company issued 207,34,603-12.5% secured partly convertible debentures of Rs.150 each on rights basis to the equity shareholders in the ratio of 5. Additional deb. 30,65,092 were allotted to retain oversubscription. Simultaneously 10,36,730 deb were

offered to employee s and an additional issue of 1,55,510 deb was made to retain oversubscription. All deb. were alloted on 25 April 1991. Part `A' of Rs. 50 was to be converted into 1 equity share of Rs 10 each at a premium of Rs 40 per share at the end of six months from the date of allotment. The balance of Rs.100 of part `B' of each debenture would be redeemed at the end of the 8th year from the date of allotment.

All Pref. Shares redeemed. 248,24,008 equity shares allotted in conversion of debs. (3,340 shares-prem. Rs 30 per share; 27,60,868 shares (fully paid) prem. Rs 40 per share and 220,59,800 shares (partly paid) prem. Rs 20 per partly paid share.

Two new models in the EX series of hydraulic excavators were launched. A 10 tonne pick and carry articulated crane, designed and developed in-house was also introduced.

During this period two new models in the EX series of hydraulic excavators were launched. And a 10 tonne pick and carry articulated crane, designed and developed in-house was also introduced. With the help of Hitachi Construction Machinery Co. Ltd., EX-400 model

Hydraulic excavator was introduced during the year.

The Company undertook to estabish a joint venture with Mercedes-Benz to manufacture automobile products for sale in India and to meet the needs of export markets. The project also included the possibility of manufacture of a Mercedes Benz passenger car for the domestic and foreign markets. Mercedes-Benz India Pvt. Ltd., was incorporated on

November 1994 which commenced initial assembly of cars in March 1995.

During the year company entered into an agreement with Nachi-Fujikoshi Corporation, Japan to manufacture arc and spot welding robots suitable for automobile manufacturing applications.

During the year, company undertook to set up a joint venture with Asian Glass Co. Ltd., Japan to manufacture float glass to be used as wind shields for automobiles. ACC along with Tata Exports Ltd., participated in the joint venture. The joint venture named as Floathlass India Ltd., the Company would have a stake of 16.33%.

Tata Cummins Ltd., Mercedes-Benz (India) Ltd., Tata Holset Ltd., Tata Precision Industires, Singapore and Nita Company Ltd., are the joint Ventures of the Company.

1,83,823 equity shares allotted without payment in cash to members for Noduron Founders Ltd. on its merger. Another 1,54,809 equity shares allotted (prem. Rs.40 per share) in conversion of debentures.

Production of MCV's commenced at Lucknow.

During the year company introduced the Tata full forward 609 LP bus and Tata 609 SFC semi forward version. It was proposed to introduce new four cylinder petrol engine during mid 1995.

During the year Telco entered into an agreement with Cummins Engine Company Inc. USA for forming a 50%-50% joint venture to produce fuel efficient engines with low-commission characteristics for powering the Company's range of Medium/heavy vehicles. Its factory is to be established at Jamshedpur for an annual output of 67,000 engines.

Tata vehicles were launched in Argentina Chill, Paraguay etc.

Joint Venture Agreement signed with Cummins Engine Co. Inc.to manufacture high horsepower and emission-friendly diesel engines for medium and heavy commercial vehicles.

During the year company introduced the Tata SUMO and LPT 709. Thecompany developed a new fuel injected, 4 cylinder petrol engine withthe assistance of AVL Austria.

During the year company manufactured 4 basic robot for spot welding, sealant application and arc-welding. Also manufactured a 3 axis copy milling machine, a 2 station 2 spindle fine boring machine and a crank pin milling machine.

On 22nd April an agreement was entered into between Daimler-Benz AG and Merceded Benz India to manufacture `E' Class paneyer cans and engines in India. The project is to be located at near Telco's factory in Pune with capacity to manufacture 20,000 cars and 30,000 engines.

Tata Technologies (India) Ltd., Sheba Properties Ltd., and Matruchhaya Capital and Finance Ltd., are all subsidiaries of the Company.

On September, the company jointly with Tata Exports Ltd., and Tata Industries Ltd., signed an agreement with Holset Engineering Ltd. UK to set up a joint venture company to manufacture Holset turbochargers. Accordingly Tata Holset Private Ltd., was established on 20th December.

During the same year a new foundry was commissioned at Pune to produce high pressure die cast and granting die-cast aluminium components for automobiles. Production commenced from March.

During July, the company offered 36,11,758 Global Depositary shares and 36,11,758 warrants along with international units purchase 1 Each warrant entitiled the holder to share of US $ 15.46 (Subject to adjustment in case of bonus/Right issue) during the period of 8th March.

Effective 25th July, the Company allotted 82,14,288 shares of Rs 10 each against the GDRs.

The Company successfully launched high performance, low emission and fuel efficient medium commercial vehicles with cummins engines in Kuwait, Kenya, Zambia and Ghana.

The Company also proposed to introduce vehicles with cummin engines in the heavy commercial vehicles segment.

Taking advantage of the broad banding policy announced by the Government of India, the Company entered into a collaboration agreement with Honda Motor Co. Ltd., Japan, for the manufacture of their `ACCORD' model of cars in India.

A shovel version of model EX 300 LC was introduced.

A 6 tonne mini excavator was launched.

On 22nd April, an agreement was entered into between Daimler-Benz AG and Mercedes Benz AG, Germany to setup a joint venture company Mercedez-Benz India to manufacture `E' class paneyer cans and engines in India.

Tata Technologies (India) Ltd., Sheba Properties Ltd., and Matruchhaya Capital and Finance Ltd., are all subsidiaries of the Company.

82,14,288 shares allotted against GDR.

During the year a new double pick-up and Army Version of various Telco Vehicles were developed. A new pero engine and turbo diesel engine, an up-graded 709 LCV, new sports utility vehicle Safari expected to be launched shortly.

A 25 tonne 6 X 2 truck and a bus with cummins engine were launched.

Tata Engineering and Locomotive Company (TELCO), has acquired a second hand paint shop, machine line and cylinders from the Australian unit of the Japanese auto giant, Nissan. TELCO is believed to have picked up the unit for Rs. 70 crore. The total cost of import duty

would be Rs 100 crore.

During the year a machine tool division was expanded so as to double its machine building capacity and significantly reduce production times.

During December, company issued 58,86,697 warrants to Tata Companies and Daimler Benz AG with a right to subscribe to one ordinary share per warrant at Rs.362 per share before 27th. 30,84,414 shares were allotted.

860,49,140 bonus shares issued in prop. 3:5, 187,73,487 No. of equity shares allotted on exercise of warrants.

A new double pick-up and army version of various Telco Vehicles were developed.

TELCO has decided to launch a new indigenous family car, by the middle of 1996. The company seeks to manufacture a 900cc engine car. The car would cater to the domestic as well as the export market. Initially, a production of 150,000 cars is envisaged. The production

would be significantly increased in the next few years, to make TELCO , the largest producer of small engine cars in the country.

During the the company introduced the 70-tonne Tata-Hitachi Ex-700 Shovel, the largest in the value of Ex series of hydraulic excavation fielded by Teleco. Also, a back-hoc version of Ex-400 model was launched and the Ex-300 LC model was specially modified for use in

granite mining operations.

During the year a new collaboration agreement was signed with Nachi-Fujikshi Corporation, Japan to manufacture and advanced generation of Robots.

The Company allotted 140,35,086 No. of equity shares of Rs 10 each through Global Depositary Receipts (GDR's) in the international market aggregating US $200 million.

The Company has launched "Tata Safari" in its Multi utility vehicle segment.

Tata Holset's turbo charger plant inaugurated on November 25, 1996.

To meet the planned long-term capital requirement of funds, the Company issued unsecured 10 year Yankee Bonds totalling US $ 200 million in the overseas market in July 1997.

To meet its working capital needs, the Company issued Commercial Paper (CP) of Rs. 300 crores for the first time. The CP programme was given the highest rating of `A1 +' by the Investment Credit Rating Agency (ICRA).

In November 1997, the Company made a private placement of 7-year Secured Non-Convertible Debentures of Rs. 115 crores @ 12.25% - one of the lowest rates for any such issue in the market.

The Company made into auto related joint ventures promoted by Tata Industires Ltd., viz., Tata Auto Comp Systems Ltd., and Concorde Motors Ltd. (CML). CML estabished in associations with Jardine Matheson Group, Hongkong would set up showcase dealerships in India for retaining automobiles.

A new information technology company, Tata Technologies (India) (TTIL), providing solutions to engineering, manufacturing and distribution industries has been set up as a subsidiary of Telco.

The Tatas are all set to establish a unit for producing trucks and earth moving equipment at Dharwad.

The Tata Engineering and Locomotive Company Ltd. (TELCO) has emerged as numero uno in the Review 200 survey conducted by the Far Eastern Economic Review in association with Citi Bank.

Telco proposes to develop and produce various new models at an investment of Rs.20 billion over the next few years.

Automobile giant Telco will be installing an electronic data interchange (EDI) network that will connect the Telco plants, with its vendors.

The Tata Engineering & Locomotive Company (Telco) will pick up a 7.2 per cent stake and ACC Ltd 18.8 per cent in the revised equity structure of Bridgestone-ACC, thus paving the way for a fresh round of speculation on whether the cement major is actually out of the Tata

fold.

Telco became the first Indian private company to reach the sales of Rs.10,000 crore.

Telco has entered into an alliance with Bridgestone to promote a new company, in which Bridgestone will hold a 51 per cent equity stake, to manufacture automotive tyres.

The company will set up a 1.5-lakh per annum capacity car unit. The proposed plant will be part of a comprehensive facility being set up by Telco which will have flexible lines capable of manufacturing the small car, the Sumo and other models which are being worked out.

Telco's collaboration with John Deere is for the manufacture of 2.5 cum backhoe loaders which the company proposes to introduce in domestic markets later this year. The company's technical agreement with Hitachi is for the manufacture of a 60-tonne hydraulic excavator which

is slated to hit the market this year itself

The agreement with Le Moteur Moderne is for the development of diesel and petrol engines for its passenger car project. With Nachi-Fujikoshi, Telco plans to make an advanced generation of robots to be used to weldline for the manufacture of Bodies-in-White (BIWs)

and to perform other operations during the manufacture of small cars to ensure quality, accuracy, and fatigue-free high volume production.

Telco's $200-million Yankee bond issue has been awarded a NAIC 2 by the insurance companies rating standard in the United States. Telco is only the second Yankee bond issue from India after Reliance Industries and is the country's lowest-priced international bond. Telco is rated Baa3 by Moody's and BB+ by Standard & Poor's, which are also India's

sovereign ratings.

The Tata Engineering & Locomotive Company (Telco) management has signed a wage agreement with the Telco Employees' Union at the Pimpri-Chinchwad manufacturing facility conceding a wage hike of Rs.1,701 per month.

The Karnataka plant is being set up to build special purpose and heavy duty vehicles. It will, however, initially assemble company's 4,021 trucks and earth moving equipments and excavators.

Telco is showcasing its sportscar `Telsport' 4X4 for the first time at the fourth Middle East International Show opening at Dubai on 10.11.97.

Telco is the second Indian four wheel maker after Mahindra and Mahindra to participate in the show which has attracted 200 exhibitors from 28 countries including world market leaders like BMW and Mercedes.

Telcosport will be TELCO's first entrant in the passenger vehicle segment to be followed by a five-door SUV in the later part of next year.

The Industrial Credit & Investment Corporation of India (ICICI) has entered into a Rs 167-crore structured deal with Telco. This is the largest asset securitisation deal in the country.

Tata Industries Ltd (TIL) is setting up a 50:50 joint venture in alliance with Jardine International Motors Ltd (JIML) for establishing an automobile retail and after-sales service company which will operate dealerships for Telco passenger cars in certain cities in India.

The Company introduced a 9-tonne vehicle which was well received in the market. A 40 tonne tractor trailer powered by a Tata Cummins Engineering was introduced.

The Company developed a low floor bus chassis to meet the specific needs of urban transport.

The Company signed a new agreement with Hitachi for manufacture of upgraded versions of existing range of excavators.

Telco proposes to set up authorised service stations every 100 km on every highway.

Telco is proposing to commercially produce compact, efficient and economically viable vehicles which use alternative fuels within the next two years.

The Tata group has signed a joint venture with Jardine International Motor Mauritious (JIMM) to establish a passenger car dealership network in the country.

Jardine International Motors (JIM), which recently set up a Rs.86-crore joint venture vehicle dealership network, called Concorde Motors Pvt. Ltd, in league with Tata Industries and Telco, has shown interest in representing the latter in export markets.

Tata Engineering and Locomotive Company Ltd (Telco) announced a tie-up with Tata Finance Ltd and ANZ Grindlays Banks as the official financiers for its small car "Indica" to be launched in December.

Tata Engineering Locomotive Company Ltd (Telco) is selling its construction equipment business into a new subsidiary company, Telco Construction Equipment Company Ltd.

The Company in its small car segment has launched "Tata Indica" which evoked an overwhelming response in the Indian market.

A new range of cummins engine powered vehicle which include a 35 tonne and a 40 tonne articulated truck and two variants of buses.

To make substantial improvement in the quality of bus bodies available with TATA vehicles, the Company encouraged a collaboration between Fuji Heavy Industries of Japan and the Automobile corporation of Goa. The new project undertakes production of bodies on TATA

chassis, conforming to the most exacting international standards.

Concorde Motors Ltd., a Joint Venture between Tata Engineering and Jardine International Motors (Mauritius) Ltd. was appointed as dealer for the Company's passenger cars in several cities across the country, in Feb 1998.

Telco is the first Indian manufacturer to offer commercial vehicles meeting euro-I emission norms, a year before they are due to be introduced in the country.

It is proposed to make TCECL a one-stop shop for construction equipment and earthmoving machinery.

TATA Engineering and Locomotive Company Ltd (Telco) will receive a consideration of Rs 200 crore as equity and share premium and the rest as loans valued at Rs 400 crore from the sale of its construction equipment division.

In Oct 1999, the Company won the National award for R&D Efforts in Development of Indigenous Technology in the Mechanical Engineering Industries Sector instituted by Department of Scientific and Industrial Research, Ministry of Science and Technology for the year 1999.

The company obtained shareholders' approval for hiving off the division into a 100 per cent subsidiary, Telco Construction Equipment Company Ltd (TCECL), at an extra general body meeting (EGM) held here in Mumbai today.

Tata Engineering & Locomotive Company Ltd. Spun off into a joint venture company, the CEBU would be able to make a range of products, besides maintaining dominant market share in existing products.

Tata Holset is a 50:50 joint venture between Telco and its foreign partner.

SKF Bearings India Ltd has signed an agreement with Telco to supply hub bearings for its latest model Tata Indica.

Telco presently has a joint venture with Daimler-Chrysler in India, Mercedes Benz India, which manufactures the top-of-the-line Rs 26 lakh-plus Mercedes Benz E Class. Telco has reduced its stake in the venture to around 14 per cent.

Tata Technologies, a Telco subsidiary, has launched a value chain management (VCM) system designed to enable value-based interaction between business partners and manufacturers.

Machine Tools and Growth Divisions, Axle Division and Transmission Division of Tata Engineering transferred to newly formed subsidiaries Telco Automation Ltd., HV Axles Ltd.

The Company has declared a lockout at its Lucknow plant following employee unrest and policy firing. Employees have been demanding parity in wages with their counterparts in the Telco establishments at Jamshedpur and Pune.

The Company is working towards introducing two new petrol-driven variants of its small car Indica, powered by a multi-point fuel injection engine.

The Company has launched the Indica 2000, the Euro II Complaint, 75 BHP multi-point fuel injection (MPFI) version of Indica.

The Company has won the National Technology Award for indigenous development and commercialisation of the Tata Indica car.

The Company has launched its new hi-tech Indica 2000 car with MPFI petro engine in Guwahati.

Tata Engineering is all set to become the first company in the group to offer ESOPs to employees.

The Engineering is exploring marketing tie-up with global automobile firms.

The Company is decentralising the marketing operations of its commercial vehicle business.

The Company has shut down its commercial vehicles assembling unit at Lucknow following persistent labour problems.

Telco has decided to defer the launch of its mid-sized passenger car, Magna, to around June 2002.

Tata Engineering & Locomotive Co., is renamed as Tata Engineering Ltd. It has replaced its three-shift production line with a one-shift daily schedule starting from 26th June.

The Company has launched a programme `Super bazar' for owners of commercial vehicles whereby they can get their vehicles evaluated on the spot as to present value and investment required for upgradation.

The Company has appointed ICICI as a preferred financier for customers buying its range of vehicles, including the Indica.

Tata Engineering has seen a marginal increase in its market share in the utility vehicle segment to 26.1 per cent for the period April-July.

R B Khadikar, vice-president of engineering centre, telco has been presented the "outstanding automobile engineer of the year award" for 1999.

The five-month-old lockout in the Lucknow unit of heavy automobiles giant Tata Engineering and Locomotive Company has been lifted an agreement between he management and employees.

ICRA has revised the rating assigned to the Rs 600-crore long-term NCD programmes of auto majorTelco from `LAAA', indicating highest safety to `LAA+' indicating high safety.

FICCI-SEDF- Businessworld-Compaq award for social responsiveness was awarded to the company.

The Central Pollution Control Board for Environmental Technology award has been presented to Tata Engineering in recognition of its contributuon towards efforts to conserve the environment.

The Premier vehicle manufacturer of the country, TELCO, has closed down its unit for maintenance for seven days from 27th November for the first time in its 47-year history.

Tata Engineering has joined hands with Daimler-Chrysler, the world's third largest auto conglomerate, forming a consortium to bid for an order of 60,000 light commercial vehicles from the South African government.

V Krishnan has been appointed as Vice-President of Telco.

The Company has bought a group pension insurance scheme for its employees from the Life Insurance Corporation.

Tata Engineering has decided to go in for a strategic alliance with world leaders of engines, gearboxes and axles.

Crisil has downgraded the Rs 177 crore non-convertible debenture (NCD) issue of Tata Engineering to AA from AA+.

Despite the slowdown in demand, Telco is targeting an 18 per cent growth in its passenger car and utility vehicle volumes in the current fiscal.

Telco and PSA Peugeot Citroen have called off the proposed venture for developing a mid-size passenger car.

TATA Engineering on September 10 announced the addition of MPFI petrol version to the Indica V2 range. The model will be available at an ex-showroom price beginning Rs 3.22 lakh outside Mumbai.

Tata Engineering and Locomotive Company, passing through its most difficult phase in recent years, is planning to raise about Rs 300 crore through the sale of investments.

Foreign Institutional Investors (FII) hike stake in the company to 13.34%

Launches six new products in light, medium and heavy vehicles segments on Jan 15 during Auto Expo

Announces financial restructuring

Displays its Tata Sedan car at the Geneva Motor Show

Indica adjudged top selling B-segment car in 2002

Launches two new motorsport cars (The Zero and Double Zero Pace cars)

High Court Approves Tata Engineering's Financial Restructuring

Tata Engg, BPCL tie up to market co-branded lubricants

Tata Steel’s investment in Tata Engineering has been hiked to Rs 117.98 crore over the last year

Telco names Sedan as Tata Indigo

Unveils 'EX' series of medium and heavy commercial vehicles

Signs agreement with Depository for two way fungibility of GDRs with Ordinary Shares

Begins work on its new second generation platform, which would replace the existing car with the utility vehicle platforms in all its products

Uses Tata Safari in Ram Gopal Varma's film 'Road', spends close to Rs 1 crore for the in-film product placement

Indica sales cross two-lakh mark

Collaborates with Nippon-Arcelor for technical knowhow on CR steel

Increases its equity in Concorde Motors to 49%

Mops up Rs 100 cr through debenture issue

Unveils the 207 DI, the first of its small commercial vehicles (SCV) in Maharashtra with a focus on the LCV segment

Launches new range of Tata Safari

Acquires 5.91% stake in Tata Precision Industries Pte Ltd., Singapore, taking the stakeholding in the company to 49.99%

Ties up a manufacturing & supply agreement with MG Rover Group of the UK

Floats division to develop used car market

Releases medium size segment car Indigo in Andhra Pradesh

Unveils Tata 207 DI in Andhra Pradesh

Telco's sedan debutes at the top of the C-segment sales

Receives Teri's (The Energy and Resources Institute) CoRE-BCSD (Corporate roundtable on development of strategies for sustainable development and environment-business council for sustainable development) corporate social responsibility (CSR) awards for '01-02

Brings down price of passenger car following the excise duty reduction in the Budget

Unveils Indigo Station Wagon at the Geneva Auto Show

Signs distribution agreement with Rover for Safari in UK

Standard & Poor's Ratings Services revises the outlook on its `BB-' rating for Tata Engineering to stable from negative

Overtakes Hyundai in passenger vehicle market

Unveils 'Tata 207 DI' in Delhi

For the first time in the auto industry, Tata Engineering outsources the manufacturing activities of its special, fully-built vehicles range that includes ambulances, tippers produced at Dharwar unit in Karnataka

Company turns around, posts profit of Rs 300.11 crore as against the loss of Rs 53.73 crore the previous corresponding period

Unveils 'Tata 207 DI' in Mumbai

International Finance Corporation (IFC), the private lending arm of the World Bank, inks $50 mn loan agreement with Telco

Company name changed from Tata Engineering & Locomotive Company Ltd. (Telco) to Tata Motors Ltd. (TML) with effect from July 29, 2003

Successfully completes Foreign Currency Convertible Bond offering aggregating $90 million with a green shop option of $10 million

Issues 1% convertible notes due 2008

Tata Motors, IOC tie-up for joint marketing services

Unveils a customer care campaign called Project Vishwaas for its commercial customers across the country

Crosses production milestone of 3 million

Unleashes Safari's petrol version; priced at Rs 9.35 lakh

Unveils CityRover

Tata Motors Ltd signed a binding Memorandum of Understanding (MoU) with Deawoo Commercial Vehicle Company Ltd (DWCV), Korea for the acquisition of this company.

Introduces Tata SFC 407 EX Turbo Light Commercial Vehicle (LCV)

The Company shall be changed from 'TELCO ' to 'TATAMOTORS' w.e.f December 24, 2003.

Tata Safari ranks No 1 in MUV/SUV segment

Tata Motors launch an upgraded version Indica on January 15, 2004, in a bid to shore up sales of the small car.

Auto Expo: Tata unveils new version of Indica

Tata Motors unveils Indica V2

Tata Motors launches new Indica V2 in Kerala

Tata Motors introduces new 'Indicab' for tour operators

The much hyped Rs one lakh passenger car project of Tata Motors was going ahead as planned.

Tata Motors in talks with bus body builders to franchise manufacturing

Tata Motors enters agreement with Ukraine bus building firm

Tata Motors enters into agreement with Etalon

In a move to consolidate its presence in the light commercial vehicles segment, Tata Motors has launched a new variant of its 407 series with increased pay load capacity called SFC 407EX.

Tata Motors buys Daewoo truck unit for Rs 465 crore

Tata Motors unveils Tata SFC 407 EX in Kerala

Tata Motors inks agreement with Austrian, French companies

Acquires Daewoo Commercial Vehicle Company Ltd (DWCV), Korea.

Tata Motors launches new 6-tn truck

Tata Motors forays into used truck biz with Tata Preowned

Tata Motors, the country's largest commercial vehicles manufacturer unveiled the new LPT 909EX Turbo Truck in Tamil Nadu.

Tata Motors and Tata Africa unveiled a range of passenger cars, utility vehicles, pick-ups, trucks and buses for the South African market

Tata Motors has launched a facelifted version of its multiutility vehicle, Tata Sumo

Tata mototrs rolls out Tata SFC 407EX BS II turbo light commercial vehicle

HR-training division of Tata Motors bags the prestigious and internationally recognised "Golden Peacock National Training Award" in the category of `Large Employer'.

Tata Motors launches Indigo Marina on September 14, 2004

Tata Motors joins hands with Magma Leasing Ltd

Bharat Petroleum Corporation Ltd (BPCL) has entered into a marketing tie-up with automobile manufacturer Tata Motors for marketing of engine oils as co-branded lubricants for their commercial vehicles

Tata unveils Indigo Marina in Kerala

Andhra Bank ties up with Tata Motors

Tata Motors unveils 2 new versions of Indica

Tata Motors has tied-up with Corporation Bank to offer finance options for passenger car vehicles at nine per cent interest for a three repayment period and 9.5 per cent interest for five year repayment

Tata Motors on December 7, 2004, signs an MoU with State Bank of India (SBI)

Tata Motors inks agreement with Hispano Carrocera for 21 pc stake

Tata Motors & Hispano Carrocera SA sign Investment Agreement

Tata Motors partners with IOC for bio-diesel pilot project

Tata Motors launches ACE

Tata Motors unveils Tata Safari DICOR in Kerala market on August 11, 2005.

Tata Motors rolls out 2 luxury variants of Indigo

Sumantran quits Tata Motors

Tata Motors unveiled new Indica V2 Turbo with a price tag of Rs 4.10 lakh for DLG variant and Rs 4.31 lakh for DLX

Tata Motors unveils Novus

Tata Motors ropes in CVTech to make parts for its small car

Tata Daewoo inks pact with Pakistan co.

Tata Motors launches Cliffrider

Tata Motors unveils new long wheel base premium Indigo & X-over concept at Auto Expo 2006

Indica V2 Xeta launched

Passenger Vehicle sales in India cross one-million mark

Tata Motors and Marcopolo, Brazil, announce joint venture to manufacture fully built buses & coaches for India & markets abroad

Tata Motors has been presented the Golden Peacock Global Award for Corporate Social Responsibility (CSR) in the Large Business category by the Institute of Directors.

Tata Motors buys Nissan facility in S. Africa.

Tata Motors has got a prestigious order from the Delhi Transport Corporation (DTC) for 500 non-AC, CNG-propelled buses.

Tata Motors Ltd has appointed Mr. P M Telang as Executive Director (Commercial Vehicles).

Tata Motors Ltd has informed about the appointment of Dr. R A Mashelkar, Independent Director as an Additional Director of the Company with immediate effect.

Tata Motors has rolled out the Sumo Victa Turbo DI, the new advanced range of its entry-level utility vehicle, the Sumo Spacio.

Tata Motors signs deal with Chrysler electric vehicle unit.

Tata Motors launched out the new generation of its flagship passenger car Indica on Aug 23. The new model called 'Indica Vista' 3.8 m long and 1.7 m wide is larger than the existing Indica and has more interior space than the original one.

Tata Motors Ltd Issues Rights in the Ratio of 1:6

Tata Motors has entered into an agreement with Andhra Bank for financing its range of passenger vehicles, which will provide an added facility of car finance to its customers.

Tata Motors Ltd has appointed Mr. V K Jairath, Independent Director as an Additional Director of the Company with effective from March 31, 2009.

Bank of India has entered into a pact with Tata Motors for financing Fiat cars, which are available through the Tata-Fiat dealer network. For availing the loans, the customers can get loans at special interest rates of 9.75 per cent to 10.25 per cent for loans up to Rs 10 lakh for the Linea, Palio and soon-to-be launched Grande Punto.

Tata Motors, one of the promoter group companies of Tata Steel, has pledged its entire holding of over 1.04 crore shares in the steel major

Tata Motors on June 2 opened its brand new plant in Sanand, set up at a cost of Rs 2,000 crore, to manufacture wonder car Nano. The Sanand plant was inaugurated by Tata Group Chairman Ratan Tata and Gujarat Chief Minister Narendra Modi. According to Tata officials, the Sanand plant will have an initial production capacity of 2.5 lakh Nano cars a year, which will be gradually increased to 5 lakh cars a year.

IndusInd Bank and Tata Motors inked an agreement. As per the deal, IndusInd Bank will provide channel finance facilities to Tata Motors' dealers. Meanwhile, the dealers of Tata Motors will now have access to ready upstream finance from IndusInd Bank.

Tata Motors opened its new plant in Sanand which is set up at a cost of Rs 2,000 crore.

Tata Motors spread its wings further to the Asian markets by launching its mini-truck ' Ace Super City Giant .in Thailand and also unveiled plans to foray the Thai car market over the next "couple of years

IndusInd Bank Ltd and Tata Motors have entered into a pact under which IndusInd Bank will provide channel finance facilities to the dealers of Tata Motors

Tata Motors ties up with United Bank of India for CV finance

Tata Motors has signed a deal worth Euro 1.85 million (Rs 11 crore) for acquiring 80 per cent stake in Italy-based design and engineering company Trilix Srl.

Tata Nano India’s cheapest car has received an award by the Chicago Athenaeum: Museum of Architecture and Design with the European Centre for Architecture Art Design and Urban Studies for its design, as good design award 2010.

Tata has launched Aria 4x2 range targeting the premium luxury cars segment, priced at Rs. 11.85 lakh.

Tata launched upgraded Nano at same price

Tata Motors - Jaguar Land Rover PLC Launch of pound 1,000 million equivalent Senior Notes offering

Tata motors announced to win an order of Rs 150 crore from Siddhivinayak Logistics Ltd (SVLL).

Tata Motors launched Nano in Nepal at Rs 5 lakh

Tata Motors launched new version of Manza

Tata Motors launched new Indica

Company has splits its Face value of Shares from Rs 10 to Rs 2

Auto giant Tata Motors appointed Cyrus P Mistry as the Deputy Chairman of the company,

Tata Motors signed agreement with US company to develop engine for commercial vehicles

Tata Motors signed partnership with J&K Bank for financing car loans

Automobile giant Tata Motors Ltd has launched its new Sports Utility Vehicle (SUV) Tata Safari Storme at a starting price of Rs 9.95 lakh (ex-showroom Delhi).

India's leading automobile maker, Tata Motors, has emerged as the most reputed Indian company in terms of service levels, product quality, financial performance and talent pool, as put by a survey by global research firm Nielsen.

The company won an order for 1,314 trucks from Surat-based Siddhi Vinayak Logistics.

Jaguar Land Rover Automotive plc Launch of $400 million Senior Notes offering

Tata Nano becomes the first Auto Brand in India to cross 3 million fans on Facebook

The Tata Indigo eCS enters Limca Book of Records

Tata Motors' Jamshedpur plant rolls out its two millionth truck

Tata Nano offered industry first phenomenon - Swipe your credit card and drive home a Nano

Tata Motors launches the world-class range of Tata PRIMA trucks in Sri Lanka

Tata Motors to launch MCV buses for intercity and staff transportation

Tata Motors launches 6 new advanced Heavy Trucks & Tata FleetMan, in Northern India

Tata Motors conferred with the Indian Multinational of the Year award

Tata Motors launches Commercial Vehicle Driving Centre in Singrauli

Tata Motors Ties up with Fusion Automotive to Enter Australian Market

Tata Motors launches 'Tata Motors Service' for passenger vehicles

New Nano 'Celebrate Awesomeness' TV commercial breaks record!

Tata Motors launches in Indonesia Three Strong Products

Tata Motors launches the brand new-look high-tech showroom in Bangalore

Tata Motors introduces 'Learn & Earn Scheme', at technical institutes Mumbai & Gujarat

Tata Motors launches the New Nano Twist

Tata Motors launches 'REVOTRON' - All New Family of Next Generation Petrol Engines

Tata Motors unveils the All-New ZEST and the BOLT

America gears up for the 15th IIFA Weekend and Awards 2014 in Tampa Bay

Tata Motors Launches SOUL

Tata Motors launches 'ZEST for Stardom', in association with IIFA

Tata Motors Launches 10 new Prima LX trucks for affordable yet modern trucking

Tata Motors launches the all-new Tata Aria

Tata Motors launches next-generation Tata PRIMA heavy trucks in Qatar

Tata Motors launches the all-new range of Tata ULTRA trucks

Tata Motors launches Safari Storme brand store on eBay India

Tata Motors launches the all-new Movus

Tata Motors enters Algeria with a range of passenger cars

Tata Motors bags orders for over 2700 buses under the JnNURM - II scheme

Tata Motors showcase new products for its Municipal range at Municipalika 2014

Tata Motors launches Prima - the World Truck, in Nepal

Tata Motors has launched a special edition of Zest model

Tata Motors has launched Buszone an exclusive dealership for its buses to meet its rising demand for buses

Tata Motors has launched six models from its prima range of heavy commercial vehicles in Kenya

Tata Motors bags order for 1,200 trucks from Indian Army

Tata Motors has launched two variants of the Prima range of trucks in the UAE and three variants of the heavy commercial vehicles in Oman

Tata Motors has inked a pact with Total Lubrifiants to supply high performance lubricants

Tata Motors has made automotive history in Britain with the launch of Jaguar newest model XE

Tata Motors has inked a distribution and supply agreement with Vietnam TMT Joint Stock Company to mark its foray into the South East Asian country

Tata Motors in association with Manahil International Company has opened one of the largest automobile showroom and service facilities in Gulf.

Tata Motors inks 5-year agreement with Tata Technologies to leverage mutual strengths

Tata Motors - that Jaguar Land Rover (JLR) is planning to double the size of its Engine Manufacturing Centre (EMC) as part of a EUR 450 million expansion programme

Tata Motors has issues rights to its existing shareholders in the Ratio of 6:109

Tata Motors launches lubricants with Petronas

Tata Motors signs contract with MMRDA to supply buses

Tata Motors bags order for 25 Hybrid buses from MMRDA

Tata Motors launches TIAGO

Tata Motors signs up Akshay Kumar as brand ambassador for CVs

Tata Motors generates employment opportunities for over 200 candidates in J&K

Tata Motors gears up to launch new compact sedan Tigor

Tata Motors partners with Microsoft for new car products

Tata Motors, Tata CLiQ join hands for online booking of Hexa

Tata Motors readies sports car for Geneva Motor show

Tata Motors develops first bio-methane bus

Tata Motors expands commercial vehicle range in Philippines

Tata call off alliance for joint development of cars

Tata Motors announces new corporate brand identity

Tata Motors launches urban edition Hexa at Rs 12.18 lakh

Tata Motors ties up with Jayem Auto to launch electric car

Tata Motors rolls out first lot of Tigor EVs from Sanand plant

Tata Motors launches new top of the line variant Tiago XZ+

Tata Motors launches the new range of Intermediate and Light Commercial Vehicles in Bhutan.

Tata Nexon sets new benchmark in car safety

Becomes the first and only car in India to achieve a full ‘5 stars’ adult safety rating from Global NCAP

Tata Motors launches the all-new Tata Tigor in Nepal

Tata Motors signs an MoU with Prakriti E-Mobility Private Limited to deploy Tigor EVs in New Delhi.

Tata Motors announces the launch of new generation Prima and Ultra trucks in Kuwait.

Tata Motors & IndianOil launch second Saarthi Aaram Kendra at IOCL Narsapura

Tata Motors announces scholarship for 500 underprivileged students in Pune

Tata Motors introduces the Ultra T.7; India’s first truck designed specifically for urban transportation

Tata Nexon EV crosses 2000 sales milestone.

Tata Motors delivers 65 Nexon EVs to Kerala’s Motor Vehicle Department

Tata Motors Delivers All-New Winger Vaccine Vans in Gandhinagar, Strives to Support Government Vaccination Drive.

Tata Motors in association with Orange Group, launches its 3rd Showroom in Hyderabad.

Tata Motors delivers 60 Ultra Urban 9/9 electric buses to Ahmedabad Janmarg Limited.

Tata Motors Expands its service network to 705 outlets by adding 160 new service workshops.

Tata Motors delivers 101 EVs in a day in Chennai.

Tata Motors signs a MoU with Lithium Urban Technologies for one of the biggest EV fleet deployment in India.

Tata Motors launches e-cargo transport solutions with the all-new Ace EV.

Tata Motors introduces the new Nexon EV MAX at INR 17.74 lakh.

Tata Motors Partners with ICICI Bank to Offer Financing for Electric Vehicle Dealers.

Tata Motorsr Electric Mobility completes acquisition of Ford India's Sanand plan.

Tata Motors wins order for 50 Magna 13.5-metre buses from Vijayanand Travels.

Tata Motors disrupts the CNG market with the launch of Altroz CNG.

Tata Motors commences deliveries of the Ace EV to start a new era in last-mile deliveries.

Tata Motors launches high-performance, technologically advanced range of gensets.