15 February, 2007
Tata Motors has received the award based on assessment, by an independent jury, of the company’s integration of CSR concerns with corporate functioning, responsiveness to the needs of different stakeholders, and development of innovative partnership models to fulfill social responsibilities.
The jury comprised distinguished personalities from across the world, under the Chairmanship of Dr Ola Ullsten, former Prime Minister of Sweden.
The Golden Peacock Award for Corporate Social Responsibility (CSR) is conferred annually. Tata Motors is honoured to accept this award. It is a global recognition of our CSR practices, said Mr M. B. Paralkar, Senior General Manager – Corporate HR, Tata Motors.
In meeting its objective of improving competitiveness of business through development of leadership, the Institute of Directors has instituted the Golden Peacock Awards to promote corporate excellence in areas of quality, innovation, training, governance, environment management and corporate social responsibility.
The award will be presented at the second Global Conference on Social Responsibility in Vilamoura, Portugal.
About Tata Motors
Tata Motors is India’s largest automobile company, with revenues of US$ 5.5 billion in 2005-06. With over 4 million Tata vehicles plying in India, it is the leader in commercial vehicles and the second largest in passenger vehicles. It is also the world’s fifth largest medium and heavy truck manufacturer and the second largest heavy bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, and South East Asia and in Australia. Tata Motors and Fiat Auto have announced the formation of an industrial joint venture in India to manufacture passenger cars, engines and transmissions for the Indian and overseas markets. Tata Motors already distributes Fiat-branded cars in India. The companyâ€™s international footprint include Tata Daewoo Commercial Vehicle Co. Ltd. in South Korea; Hispano Carrocera, a bus and coach manufacturer of Spain in which the company has a 21% stake; a joint venture with Marcopolo, the Brazil-based body-builder of buses and coaches; and a joint venture with Thonburi Automotive Assembly Plant Company of Thailand to manufacture and market pickup vehicles in Thailand. Tata Motors has research centres in India, the UK, and in its subsidiary and associate companies in South Korea and Spain.