May 23, 2013
Established in 1945, Tata Motors Limited (NYSE:TTM) is India's largest automobile company with revenues of Rs. 703 billion crore in FY 2009.[1] It is the largest producer of commercial vehicles, and the second largest in the passenger vehicles market in India. The company is the world's fifth largest medium and heavy commercial vehicle manufacturer, and the world's second largest medium and heavy bus manufacturer.
Over 4 million Tata vehicles ply on Indian roads. It is the first company from India's engineering sector to be listed in the New York Stock Exchange. In its efforts to internalize its operations, Tata Motors acquired the Daewoo Commercial Vehicles Company, Korea's second largest truck maker.[2] Two-thirds of heavy commercial vehicle exports out of South Korea are from this subsidiary. It also acquired Jaguar Land Rover to gain a foothold in the luxury sports car and SUV market.[3]
(Read more at Wikinvest
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