Tata Motors wins 'Golden Peacock Award' for Corporate Social Responsibility

Tata Motors , India's leading automaker , has won the 'Golden Peacock Award' for Corporate Social Responsibility (Private Sector) for the year 2004. The Golden Peacock Awards have been instituted by the Institute of Directors in association with World Environment Foundation. Mr M B Paralkar, Dy General Manager (HR & Admin), Tata Motors received the Award on behalf of the Company from Mr Shivraj V Patil, Union Home Minister, at an Awards Function held in the Capital today.

"At Tata Motors, our purpose is to improve the communities we serve. We are very honored to receive this recognition that has come to us in the form of the Golden Peacock Awards." stated Mr Paralkar. Tata Motors has been given the Award basis the assessment by an independent jury of the Company's integration of CSR concerns with corporate functioning; its responsiveness to the needs of different stakeholders; and its development of innovative partnership models to fulfill social responsibilities.

The 'Centre for Social Responsibility' identifies best practices and innovations of Indian corporates in fulfilling their responsibilities towards diverse stakeholders. In this process, it also aims to sensitize corporates to their responsibilities as good corporate citizens.

The Golden Peacock Award for Corporate Social Responsibility are awarded annually. The awards for Corporate Social Responsibility are adjudged annually, under categories of Public Sector Units (PSUs) - Both in Manufacturing and Service Sector; Private Sector organisations - Both in Manufacturing and Service Sector; Government/Municipal Organisations, Undertakings & Public utility Services and NGOs.

Tata Motors, with revenues of over US$ 3.5 billion (FY 2003-04), is a flagship Company of the Tata Group. It is the world's fifth largest medium and heavy commercial vehicle manufacturer and produces more than 150 commercial vehicle models with a range of light, medium to heavy-duty trucks, buses and tractor-trailers. It is also the second largest player in the domestic passenger car market with a market share of 17.3%. Two of its 5 passenger vehicle brands are among the top ten selling models in the country.