1 November, 2006
Tata Motors, India’s largest automobile company, has crossed yet another significant milestone. On 30th October, 2006, the company crossed the four-million sales mark in India, since the first vehicle was rolled out in 1954. Inclusive of exports, the company had crossed the four-million sales mark in March 2006.
The company crossed the one-million mark on Indian roads in 37 years in the financial year 1991-92, the two-million mark in 8 years in 1999-2000, the three-million mark in 5 years in 2004-05 and the four million mark in just 2 years in 2006-07.
Tata Motors is India’s leading automobile manufacturer. Since the first Tata truck rolled out in 1954, the company has launched several vehicles in different product segments over the years. It has been at the forefront of pioneering technologies and products, having developed the first indigenously developed Light Commercial Vehicle – Tata 407, India’s first Sports Utility Vehicle – Tata Safari, India’s first fully indigenous passenger car – Tata Indica and more recently India’s first mini-truck – Tata Ace.
About Tata Motors
Tata Motors is India’s largest automobile company, with revenues of US$ 5.5 billion in 2005-06. With close to 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 has signed a Memorandum of Understanding with Fiat Auto under which a separate industrial joint venture is being established in India in the first phase to manufacture passenger cars, engines and transmissions for the Indian and overseas markets. Tata Motors already distributes Fiat-branded cars in India. The company’s international footprint include Tata Daewoo Commercial Vehicle Co. Ltd. in South Korea; Hispano Carrocera, the reputed bus and coach manufacturer of Spain in which the company has a 21% stake; and a 50:50 joint venture with Marcopolo, the Brazil-based body-builder of buses and coaches. Tata Motors has research centres in India, the UK, and in its subsidiary and associate companies in South Korea and Spain.