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{{ | {{Short description|Indian multinational automobile manufacturing company}} | ||
{{About|the commercial vehicle company which was demerged in 2025|the car manufacturer|Tata Motors Passenger Vehicles}} | |||
{{Use Indian English|date=October 2020}} | {{Use Indian English|date=October 2020}} | ||
{{Use dmy dates|date=October 2022}} | {{Use dmy dates|date=October 2022}} | ||
{{Infobox company | {{Infobox company | ||
| name = Tata Motors | | name = Tata Motors Limited | ||
| logo = Tata Motors Logo.svg | | logo = Tata Motors Logo.svg | ||
| image = | | image = | ||
| former_name = | | former_name = {{unbulleted list | ||
| TML Commercial Vehicles Limited (2024–2025) | |||
}} | |||
| type = [[Public company|Public]] | | type = [[Public company|Public]] | ||
| traded_as = {{Unbulleted list|{{BSE| | | traded_as = {{Unbulleted list|{{BSE|544569}}|{{NSE|TMCV}}}} | ||
| ISIN = {{ISIN|sl=n|pl=y|IN9155A01020}} | | ISIN = {{ISIN|sl=n|pl=y|IN9155A01020}} | ||
| founded = {{Start date and age|2024|6|23|df=yes}}<ref name="tmlcv">{{cite news |title=Tata Motors Ltd |url=https://www.business-standard.com/markets/tata-motors-ltd-share-price-93137.html |access-date=29 November 2025 |work=Business Standard}}</ref> | |||
| area_served = Worldwide | | area_served = Worldwide | ||
| industry = [[Automotive industry|Automotive]] | | industry = [[Automotive industry|Automotive]] | ||
| products = {{unbulleted list | | products = {{unbulleted list | ||
| [[ | | [[Busses|Buses]] | ||
| [[ | | [[Vans]] | ||
| [[ | | [[Trucks]] | ||
| [[List of auto parts|Automotive parts]] | | [[List of auto parts|Automotive parts]] | ||
}} | }} | ||
| revenue = {{no change}} {{INRConvert|59094|c}} (2025) | |||
| operating_income = {{no change}} {{INRConvert|4088|c}} (2025) | |||
| revenue = {{ | | net_income = {{no change}} {{INRConvert|3195|c}} (2025) | ||
| operating_income = {{ | | assets = {{no change}} {{INRConvert|46851|c}} (2025) | ||
| net_income = {{ | | equity = {{no change}} {{INRConvert|10533|c}} (2025) | ||
| assets = {{ | |||
| equity = {{ | |||
| parent = [[Tata Group]] | | parent = [[Tata Group]] | ||
| subsid = {{plainlist| | | subsid = {{plainlist| | ||
* [[Tata Daewoo]] | |||
* [[Tata Marcopolo]] | |||
*[[Tata Daewoo]] | * [[Tata Hitachi Construction Machinery]] | ||
*[[Tata Marcopolo]] | * [[Iveco]]}} | ||
* [[Tata | | fate = | ||
* [[ | | successor = <!-- TML Commercial Vehicles Ltd. (Oct 2025) is the demrged entity that was later renamed as Tata Motors Ltd on 29 Oct 2025; while the Original Tata Motors Ltd. became the Tata Motors Passenger Vehicles Ltd (TMPVL) on 13 Oct 2025. --> | ||
| | |||
| location = [[Mumbai]], [[Maharashtra]], India<ref>{{cite web|url=https://www.tatamotors.com/contact-us/|title=Contact Us - Tata Motors Limited|work=www.tatamotors.com|date=14 October 2015|access-date=30 July 2018|archive-url=https://web.archive.org/web/20190504050748/https://www.tatamotors.com/contact-us/|archive-date=4 May 2019|url-status=live}}</ref> | | location = [[Mumbai]], [[Maharashtra]], India<ref>{{cite web|url=https://www.tatamotors.com/contact-us/|title=Contact Us - Tata Motors Limited|work=www.tatamotors.com|date=14 October 2015|access-date=30 July 2018|archive-url=https://web.archive.org/web/20190504050748/https://www.tatamotors.com/contact-us/|archive-date=4 May 2019|url-status=live}}</ref> | ||
| homepage = {{ | | homepage = {{URL|https://www.tatamotors.com/|tatamotors.com}} | ||
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Tata Motors Limited (formerly TML Commercial Vehicles Ltd.) Q2 FY26 Results |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/fae994f5-307f-42b1-af81-ca9d9484b361.pdf |publisher=Tata Motors Limited |access-date=7 December 2025}}</ref> | |||
}} | }} | ||
'''Tata Motors Limited''', also known as '''TML Commercial Vehicles Ltd''', or '''Tata Motors Commercial Vehicles Limited''' is an Indian [[Multinational corporation|multinational]] [[commercial vehicle]] manufacturer, headquartered in [[Mumbai]] and part of the [[Tata Group]]. The company produces [[trucks]], [[van]]s, and [[busses|buses]].<ref name="10K">{{cite web|url=https://money.cnn.com/magazines/fortune/global500/2012/snapshots/11629.html|title=Financials of Tata Motors Limited |publisher=CNN|archive-url=https://web.archive.org/web/20131016104556/http://money.cnn.com/magazines/fortune/global500/2012/snapshots/11629.html|archive-date=16 October 2013}}</ref> | |||
The company was incorporated in 2024 as TML Commercial Vehicles, after [[Tata Motors Passenger Vehicles|Tata Motors]] announced the demerger of its commercial vehicles business. In October 2025, the demerger came into effect and the demerged entity TML Commercial Vehicles was subsequently renamed Tata Motors, while the original Tata Motors was renamed [[Tata Motors Passenger Vehicles]].<ref>{{Cite news |last=Gaurav |first=Kumar |date=3 November 2025 |title=Tata Motors demerger: Key things every investors should know before listing |url=https://www.business-standard.com/markets/news/tata-motors-demerger-key-things-every-investors-should-know-before-listing-125110300494_1.html |url-status=live |work=[[Business Standard]]}}</ref><ref>{{cite news |title=Tata Motors says commercial vehicles unit to be renamed as Tata Motors Limited |url=https://economictimes.indiatimes.com/industry/auto/auto-news/tata-motors-says-tml-commercial-vehicles-to-be-renamed-tata-motors-limited/articleshow/124426811.cms |access-date=29 November 2025 |work=The Economic Times |date=9 October 2025}}</ref> | |||
The company's notable subsidiaries include [[Tata Daewoo]], [[Tata Marcopolo]], and the proposed acquisition of [[Iveco]]. Tata Motors has joint ventures with [[Hitachi]] ([[Tata Hitachi Construction Machinery]]) and [[Stellantis]], which makes engines and vehicle components for Fiat Chrysler and Tata-branded vehicles. | |||
Tata Motors is listed on the [[Bombay Stock Exchange|BSE]] and [[National Stock Exchange of India|NSE]], and is a constituent of the [[BSE SENSEX]] and [[NIFTY 50]] benchmark indices.<ref>{{cite news |title=Fortune Global 500 list |url=https://fortune.com/ranking/global500 |access-date=5 October 2025}}</ref> | |||
== History == | |||
{{See also|Tata Motors Passenger Vehicles#History}} | |||
===Background=== | |||
[[Tata Group]] entered the commercial vehicle sector in 1954 after forming a [[joint venture]] with [[Mercedes-Benz]] of Germany in which Tata developed a manufacturing facility in Jamshedpur for Daimler lorries.<ref>{{Cite web |title=More Special A Licences Granted {{!}} 12th March 1954 {{!}} The Commercial Motor Archive |url=https://archive.commercialmotor.com/article/12th-march-1954/37/more-special-a-licences-granted |access-date=2023-05-30 |website=archive.commercialmotor.com}}</ref> By November 1954 Tata and Daimler manufactured their first goods carrier chassis at the Jamshedpur plant with 90-100 hp and capacity of 3-5 tons.<ref>{{Cite web |title=Government View• On Roads : Big Extension of Construction? {{!}} 12th November 1954 {{!}} The Commercial Motor Archive |url=https://archive.commercialmotor.com/article/12th-november-1954/43/government-view-on-roads-big-extension-of-construc |access-date=2023-05-30 |website=archive.commercialmotor.com}}</ref> | |||
Following the liberalization of economy in India in 1991, [[Mercedes-Benz Group|Mercedes-Benz]] partnered with TELCO to officially enter the Indian market to produce and launch the [[Mercedes-Benz W124|W124 Mercedes-Benz E-Class]], marking entry of luxury brand segment in India.<ref>{{cite web|url= https://www.cartoq.com/car-life/mercedes-benz-first-launch-india-ratan-tata/|title= Rare Pics: Ratan Tata Launching Mercedes Benz In India}}</ref> However, the car was not a success due to public perception, as Mercedes Benz had transitioned to the [[Mercedes-Benz E-Class (W210)|W210 E-Class]] globally, but over the years, the W124 has been positively received for reliability and simplicity.<ref>{{cite web|url= https://www.autocarindia.com/auto-features/forty-years-on-merc8217s-w124-is-a-bonafide-legend-433538|title= Forty years on, Merc’s W124 is a bonafide legend}}</ref> Mercedes Benz eventually launched the W210 E-class in 1998 and produced the car in partnership with TELCO with [[Knock-down kit|CKD kits]]. | |||
[[ | In the 2000s, Tata Motors made a series of acquisitions and partnerships, including the acquisition of [[Daewoo]]'s South Korea-based truck manufacturing unit,<ref name="htanna">{{cite web|title=Tata Motors completes acquisition of Daewoo Commercial Vehicle Company|url=http://www.tatamotors.com/our_world/press_releases.php?ID=108&action=Pull|publisher=Tata Motors|access-date=7 October 2010|url-status=dead|archive-url=https://web.archive.org/web/20100208185806/http://www.tatamotors.com/our_world/press_releases.php?ID=108&action=Pull|archive-date=8 February 2010}}</ref> a joint venture with the Brazil-based Marcopolo, [[Tata Marcopolo Bus]],<ref name="autogenerated2">{{cite web|title=Tata Motors, Brazil co form joint venture|url=http://www.thehindubusinessline.com/2006/05/06/stories/2006050602340200.htm|publisher=The Hindu Business Line|access-date=7 October 2010|url-status=dead|archive-url=https://web.archive.org/web/20101010031938/http://www.thehindubusinessline.com/2006/05/06/stories/2006050602340200.htm|archive-date=10 October 2010}}</ref> and the acquisition of Hispano Carrocera.<ref>{{cite news |title=Tata Motors acquires control of Hispano Carrocera |url=http://www.business-standard.com/india/news/tata-motors-acquires-controlhispano-carrocera/76320/on |date=20 October 2009 |publisher=Business-Standard |access-date=20 October 2011 |archive-url=https://web.archive.org/web/20100421094550/http://www.business-standard.com/india/news/tata-motors-acquires-controlhispano-carrocera/76320/on |archive-date=21 April 2010 |url-status=live }}</ref> | ||
Tata | ===Demerger=== | ||
In March 2024, the [[Tata Motors Passenger Vehicles|original Tata Motors]] announced that it would split into two separate listed entities through a demerger. Consequently, the commercial vehicles business was transferred to its wholly owned subsidiary called TML Commercial Vehicles Limited, which was incorporated on 23 June 2024. The India passenger vehicles business, [[Jaguar Land Rover]], and the majority stake in [[Tata Technologies]] remained under Tata Motors.<ref>{{Cite web |date=5 March 2024 |title=India's Tata Motors jumps on plans to split into two listed firms |url=https://www.reuters.com/business/autos-transportation/indias-tata-motors-jumps-plans-split-into-two-listed-firms-2024-03-05/ |access-date=6 March 2024 |publisher=Reuters}}</ref><ref>{{Cite web |title=Explained: What Tata Motors' demerger plan means for the company and its shareholders |date=5 March 2024 |url=https://indianexpress.com/article/explained/explained-economics/tata-motors-demerger-9196331/ |access-date=6 March 2024 |publisher=Indian Express}}</ref><ref>{{Cite web |title=Tata Motors stock check: How does the demerger impact its fundamental and technical outlook for long-term |url=https://www.livemint.com/market/stock-market-news/tata-motors-stock-check-how-does-the-demerger-impact-its-fundamental-and-technical-outlook-for-long-term-11709752833221.html |access-date=6 March 2024 |publisher=Livemint}}</ref> | |||
The demerger went into effect on 1 October 2025.<ref>{{cite news |last1=Awasthi |first1=Nishtha |title=Tata Motors demerger takes effect: From record date to swap ratio, here’s what investors need to know |url=https://economictimes.indiatimes.com/markets/stocks/news/tata-motors-demerger-takes-effect-today-from-record-date-to-swap-ratio-heres-what-investors-need-to-know/articleshow/124247920.cms |access-date=29 November 2025 |work=The Economic Times |date=1 October 2025}}</ref> After the demerger, TML Commercial Vehicles was renamed Tata Motors, while the original Tata Motors was renamed [[Tata Motors Passenger Vehicles]].<ref>{{cite news |title=Tata Motors Demerger Takes Effect: Commercial and Passenger Vehicle Businesses Split Into Separate Listed Companies |url=https://www.autocarpro.in/news/tata-motors-demerger-takes-effect-commercial-and-passenger-vehicle-businesses-split-into-separate-listed-companies-129490 |access-date=29 November 2025 |work=Autocar Professional |language=en}}</ref> | |||
==Operations== | ==Operations== | ||
Tata Motors has vehicle | Tata Motors has commercial vehicle manufacturing plants at [[Jamshedpur]] ([[Jharkhand]]), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), and Dharwad (Karnataka). | ||
===Tata Daewoo=== | ===Tata Daewoo=== | ||
{{Main|Tata Daewoo}} | {{Main|Tata Daewoo}} | ||
[[File:Мел-кий моторный завод.JPG|thumb|Tata LPT Trucks made at overseas plants]]Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company and formerly Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in [[Gunsan]], [[Jeollabuk-do]] | |||
[[File:Мел-кий моторный завод.JPG|thumb|Tata LPT Trucks made at overseas plants]]Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company and formerly Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in [[Gunsan]], [[Jeollabuk-do]] South Korea, and a wholly owned subsidiary of Tata Motors. It is the second-largest heavy commercial vehicle manufacturer in South Korea and was acquired by Tata Motors in 2004. The principal reasons behind the acquisition were to reduce Tata's dependence on the Indian commercial vehicle market (which was responsible for around 94% of its sales in the MHCV segment and around 84% in the light commercial vehicle segment) and expand its product portfolio by leveraging on Daewoo's strengths in the heavy-tonnage sector. | |||
Tata Motors has jointly worked with Tata Daewoo to develop trucks such as Novus and World Truck and buses including GloBus and StarBus. In 2012, Tata began developing a new line to manufacture competitive and fuel-efficient commercial vehicles to face the competition posed by the entry of international brands such as Mercedes-Benz, Volvo, and Navistar into the Indian market.<ref>{{cite news| url= http://www.thehindu.com/business/companies/article3636216.ece| title= Tatas readying new line of CVs to take on competition| date= 14 July 2012| access-date= 14 July 2012| archive-url= https://web.archive.org/web/20120717030323/http://www.thehindu.com/business/companies/article3636216.ece| archive-date= 17 July 2012| url-status= live}}</ref> | Tata Motors has jointly worked with Tata Daewoo to develop trucks such as Novus and World Truck and buses including GloBus and StarBus. In 2012, Tata began developing a new line to manufacture competitive and fuel-efficient commercial vehicles to face the competition posed by the entry of international brands such as Mercedes-Benz, Volvo, and Navistar into the Indian market.<ref>{{cite news| url= http://www.thehindu.com/business/companies/article3636216.ece| title= Tatas readying new line of CVs to take on competition| date= 14 July 2012| access-date= 14 July 2012| archive-url= https://web.archive.org/web/20120717030323/http://www.thehindu.com/business/companies/article3636216.ece| archive-date= 17 July 2012| url-status= live}}</ref> | ||
===Tata Marcopolo=== | ===Tata Marcopolo=== | ||
{{Main|Tata Marcopolo}} | {{Main|Tata Marcopolo}} | ||
[[File: Tata Marcopolo Green Chandigarh Ind.jpg|thumb|A [[Tata Marcopolo]] bus in use in [[Chandigarh]], India]] | [[File: Tata Marcopolo Green Chandigarh Ind.jpg|thumb|A [[Tata Marcopolo]] bus in use in [[Chandigarh]], India]] | ||
Tata Marcopolo is a bus-manufacturing joint venture between Tata Motors (51%) and the Brazil-based [[Marcopolo S.A.]] (49%). The | Tata Marcopolo is a bus-manufacturing company which was established as a joint venture between Tata Motors (51%) and the Brazil-based [[Marcopolo S.A.]] (49%). The company manufactures and assembles fully built buses and coaches targeted at developing mass rapid transportation systems. It uses technology and expertise in chassis and aggregates from Tata Motors, and know-how in processes and systems for bodybuilding and bus body design from Marcopolo. Tata Marcopolo's low-floor city bus is widely used by transport corporations in many Indian cities. Its manufacturing facility is based in [[Dharwad]], Karnataka, India and [[Lucknow]], Uttar Pradesh, India. | ||
Tata Motors | In December 2020, Marcopolo and Tata Motors came to an agreement, whereby Tata Motors would purchase the 49 percent stake held by Marcopolo in the bus-making joint venture for [[Indian rupee|₹]]100 [[crore]], bringing curtains to the 14-year old partnership and paving the way for a smooth exit for the Brazilian company. The deal was completed on 29 August 2022.<ref>{{Cite web |date=2022-08-31 |title=Tata Motors acquires full stake of the JV - Tata Marcopolo Motors |url=https://www.timesnownews.com/auto/tata-motors-acquires-full-stake-of-the-jv-tata-marcopolo-motors-article-93900078 |access-date=2024-10-13 |website=Times Now |language=en}}</ref> The deal allowed Tata Motors to continue using the ‘Marcopolo’ trademark for a minimum of three years with a non-compete provision in [[India]] for a corresponding period. | ||
== | ==Former subsidiaries== | ||
===Tata Hispano=== | |||
{{Main|Tata Hispano}} | |||
Tata Hispano Motors Carrocera, S.A. was a bus and coach manufacturer based in Zaragoza, Aragon, Spain, and a wholly owned subsidiary of Tata Motors. Tata Hispano has plants in Zaragoza, Spain, and Casablanca, Morocco. Tata Motors first acquired a 21% stake in [[Hispano Carrocera]] SA in 2005,<ref name="H I S P A N O">{{cite web |url=http://www.hispano-net.com/ |title=Hispano |publisher=Hispano-net.com |access-date=11 October 2010 |archive-url=https://web.archive.org/web/20100928161024/http://www.hispano-net.com/ |archive-date=28 September 2010 |url-status=live }}</ref> and purchased the remaining 79% for an undisclosed sum in 2009, making it a fully owned subsidiary, subsequently renamed Tata Hispano. In 2013, Tata Hispano ceased production at its Zaragoza plant.<ref>{{cite web|url=http://www.tatamotors.com/media/|title=Media - Tata Motors Limited|date=10 September 2015|access-date=27 September 2017|archive-url=https://web.archive.org/web/20170928005628/http://www.tatamotors.com/media/|archive-date=28 September 2017|url-status=live}}</ref><ref name=":0">{{Cite news|url=http://www.thehindu.com/news/national/robotic-hand-rocks-manufacturing-cradle/article17934526.ece?homepage=true|title=Robotic hand rocks manufacturing cradle|last=Mondal|first=Manisha|work=The Hindu|access-date=11 April 2017|language=en}}</ref> | |||
=== | ===TML Drivelines=== | ||
TML Drivelines Ltd. was a wholly owned subsidiary of Tata Motors engaged in the manufacture of gearboxes and axles for heavy and medium commercial vehicles. It has production facilities at Jamshedpur and Lucknow. TML Drivelines was formed through the merger of HV Transmission <!-- (HVTL) --> and HV Axles.<!-- (HVAL) --> TML Drivelines was merged with Tata Motors in 2017.<ref>{{cite news |title=Tata Motors to merge its subsidiary TML Drivelines unit with itself for synergy, cost-cutting |url=https://www.hindustantimes.com/business-news/tata-motors-to-merge-its-subsidiary-tml-drivelines-unit-with-itself-for-synergy-cost-cutting/story-t8D5y1Kh6UNNisRGbTDkEJ.html |access-date=29 November 2025 |work=Hindustan Times |date=20 June 2017 |language=en}}</ref> | |||
==Products== | ==Products== | ||
The company's commercial vehicles include: | |||
* [[Tata Ace]] | * [[Tata Ace]] | ||
** [[Tata Ace Zip]] | ** [[Tata Ace Zip]] | ||
** Tata Ace EV | ** Tata Ace EV | ||
* [[Tata Super Ace]] | ** [[Tata Super Ace]] | ||
** Tata Ace Mega | |||
* Tata Intra | * Tata Intra | ||
** Tata Intra V10 | ** Tata Intra V10 | ||
| Line 218: | Line 102: | ||
* Tata Xenon XT | * Tata Xenon XT | ||
* Tata Yodha | * Tata Yodha | ||
* Tata Iris | * Tata Iris | ||
* [[Tata TL|Tata | * [[Tata TL|Tata Yodha/Xenon]] Pick-up truck | ||
* [[Tata 407]] Ex and Ex2 | * [[Tata 407]] Ex and Ex2 | ||
* Tata 709 Ex | * Tata 709 Ex | ||
| Line 250: | Line 133: | ||
* Tata SIGNA series | * Tata SIGNA series | ||
* Tata Ultra series (ICV Segment) | * Tata Ultra series (ICV Segment) | ||
* [[Tata Winger]] - ( | * [[Tata Winger]] - (minivan) | ||
==Notable vehicles== | ==Notable vehicles== | ||
===Tata 407=== | |||
{{Main|Tata 407}} | |||
[[File:Tata trucks.jpg|thumb|A [[Tata 407]] being used as water truck]] | |||
The Tata 407 is a light commercial vehicle (LCV) that has sold over 500,000 units since its launch in 1986.<ref>{{cite web |url=http://tatamotors.com/investors/financials/67-ar-html/winners_from_tata_motors.html |title=TATA Motors Annual Report 2011–2012 |publisher=Tatamotors.com |access-date=28 June 2015 |url-status=dead |archive-url=https://web.archive.org/web/20160108103844/http://www.tatamotors.com/investors/financials/67-ar-html/winners_from_tata_motors.html |archive-date=8 January 2016 }}</ref> In India, this vehicle dominates market share of the LCV category, accounting for close to 75% of LCV sales. The 407 model range includes [[trucks]], tippers, [[Pickup truck|pick-ups]] and [[vehicles]] for agri/food products, [[construction]], light mining and services.<ref>{{cite web|title=Tata Light Commercial Vehicles |url= https://light-trucks.tatamotors.com/light-trucks/tata-407/tata-407-light-trucks-overview.aspx/ |website=Tata Motors}}</ref> | |||
[[File:Tata | |||
The | |||
===Tata Ace=== | ===Tata Ace=== | ||
{{Main|Tata Ace}} | {{Main|Tata Ace}} | ||
[[File:Tata Ace EX2 (21729583101).jpg|thumb|left|209x209px|Tata | |||
[[File:Tata Ace EX2 (21729583101).jpg|thumb|left|209x209px|Tata Ace EX2 (Indonesia)]] | |||
Tata Ace, India's first indigenously developed sub-one-ton [[mini truck|minitruck]], was launched in May 2005. The minitruck was a huge success in India with auto analysts claiming that Ace had changed the dynamics of the light commercial vehicle (LCV) market in the country by creating a new market segment termed the small [[commercial vehicle]] <!-- (SCV) --> segment. Ace rapidly emerged as the first choice for transporters and single truck owners for city and rural transport. | Tata Ace, India's first indigenously developed sub-one-ton [[mini truck|minitruck]], was launched in May 2005. The minitruck was a huge success in India with auto analysts claiming that Ace had changed the dynamics of the light commercial vehicle (LCV) market in the country by creating a new market segment termed the small [[commercial vehicle]] <!-- (SCV) --> segment. Ace rapidly emerged as the first choice for transporters and single truck owners for city and rural transport. | ||
By October 2005, LCV sales of Tata Motors had grown by 36.6% to 28,537 units due to the rising demand for Ace. The Ace was built with a load body produced by Autoline Industries.<ref>{{cite web|url=http://www.autolineind.com/our_story.htm|title=Autoline - A Stamp of Perfection|date=9 February 2008|access-date=27 September 2017|url-status=dead|archive-url=https://web.archive.org/web/20080209022809/http://www.autolineind.com/our_story.htm|archive-date=9 February 2008}}</ref> | By October 2005, LCV sales of Tata Motors had grown by 36.6% to 28,537 units due to the rising demand for Ace. The Ace was built with a load body produced by Autoline Industries.<ref>{{cite web|url=http://www.autolineind.com/our_story.htm|title=Autoline - A Stamp of Perfection|date=9 February 2008|access-date=27 September 2017|url-status=dead|archive-url=https://web.archive.org/web/20080209022809/http://www.autolineind.com/our_story.htm|archive-date=9 February 2008}}</ref> | ||
By 2005, Autoline was producing 300 load bodies per day for Tata Motors. Ace is still a top seller for TML with 500,000 units sold by June 2010.<ref>{{cite web |url=http://www.autolineind.com/our_story.htm |archive-url=https://web.archive.org/web/20080209022809/http://www.autolineind.com/our_story.htm |archive-date=9 February 2008 |title=tatamotors |publisher=Tatamotors |date=14 March 2012 |access-date=8 August 2012 |url-status=dead | By 2005, Autoline was producing 300 load bodies per day for Tata Motors. Ace is still a top seller for TML with 500,000 units sold by June 2010.<ref>{{cite web |url=http://www.autolineind.com/our_story.htm |archive-url=https://web.archive.org/web/20080209022809/http://www.autolineind.com/our_story.htm |archive-date=9 February 2008 |title=tatamotors |publisher=Tatamotors |date=14 March 2012 |access-date=8 August 2012 |url-status=dead }}</ref> In 2011, Tata Motors invested Rs 1000 crore in Dharwad Plant, Karnataka, with the capacity of 90,000 units annually and launched two models of 0.5-T capacity as Tata Ace Zip, Magic Iris.<ref>{{cite web|url=http://www.autolineind.com/our_story.htm|archive-url=https://web.archive.org/web/20080209022809/http://www.autolineind.com/our_story.htm |archive-date=9 February 2008 |title=Autoline|date=9 February 2008 |access-date=11 October 2010}}</ref> Ace has also been exported to several Asian, European, South American, and African countries and all-electric models are sold through [[Polaris Industries|Polaris Industries']] [[Global Electric Motorcars]] division. In Sri Lanka, it is sold through [[Diesel & Motor Engineering]] (DIMO) PLC under the name of DIMO Batta. | ||
=== Tata Xenon/Yodha === | |||
{{Main|Tata Xenon}} | |||
[[File:Tata Xenon DLE 2014.jpg|thumb|Tata Xenon DLE 2014]] | |||
Tata Xenon, also called the Tata Yodha, is a mid size pickup truck first introduced in 1988 as the Tata Telcoline. The second generation pickup truck called the Xenon has been produced since 2006, with its facelift being produced as the Yodha. | |||
===Tata Prima=== | ===Tata Prima=== | ||
{{Main|Tata Prima}} | {{Main|Tata Prima}} | ||
[[File: Tata Prima Modified.png|thumb|A [[Tata Prima]] 4928.S in [[Assam]], India]] | [[File: Tata Prima Modified.png|thumb|A [[Tata Prima]] 4928.S in [[Assam]], India]] | ||
Tata Prima is a range of heavy trucks first introduced in 2008 as the company's 'global' truck. Tata Prima was the winner of the 'Commercial Vehicle of the Year' at the Apollo Commercial Vehicles Awards, 2010 and 2012. | Tata Prima is a range of heavy trucks first introduced in 2008 as the company's 'global' truck. Tata Prima was the winner of the 'Commercial Vehicle of the Year' at the Apollo Commercial Vehicles Awards, 2010 and 2012. | ||
== See also == | == See also == | ||
* [[List of companies of India]] | * [[List of companies of India]] | ||
* [[Make in India]] | * [[Make in India]] | ||
* [[Automotive industry in India]] | * [[Automotive industry in India]] | ||
==References== | ==References== | ||
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==External links== | ==External links== | ||
{{Portalbar|Companies|Cars|India}} | |||
{{commons category|Tata Motors}} | |||
* {{official|https://www.tatamotors.com}} | * {{official website|https://www.tatamotors.com}} | ||
{{Tata Motors}} | {{Tata Motors}} | ||
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[[Category:Tata Motors| ]] | [[Category:Tata Motors| ]] | ||
[[Category:Indian brands]] | [[Category:Indian brands]] | ||
[[Category:Bus manufacturers of India]] | [[Category:Bus manufacturers of India]] | ||
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[[Category:Truck manufacturers of India]] | [[Category:Truck manufacturers of India]] | ||
[[Category:Manufacturing companies based in Mumbai]] | [[Category:Manufacturing companies based in Mumbai]] | ||
[[Category:Vehicle manufacturing companies established in | [[Category:Vehicle manufacturing companies established in 2024]] | ||
[[Category:Electric vehicle manufacturers of India]] | [[Category:Electric vehicle manufacturers of India]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | [[Category:Companies listed on the National Stock Exchange of India]] | ||
[[Category:Companies listed on the Bombay Stock Exchange]] | [[Category:Companies listed on the Bombay Stock Exchange]] | ||
Latest revision as of 21:43, 9 March 2026
Formerly |
|
|---|---|
| Traded as | |
| ISIN | Template:ISIN |
| Industry | Automotive |
| Founded | 23 June 2024[1] |
| Headquarters | Mumbai, Maharashtra, India[2] |
Area served | Worldwide |
| Products | |
| Revenue | Template:No change ₹59,094 crore (US$8.3 billion) (2025) |
| Template:No change ₹4,088 crore (US$570 million) (2025) | |
| Template:No change ₹3,195 crore (US$450 million) (2025) | |
| Total assets | Template:No change ₹46,851 crore (US$6.6 billion) (2025) |
| Total equity | Template:No change ₹10,533 crore (US$1.5 billion) (2025) |
| Parent | Tata Group |
| Subsidiaries | |
| Website | tatamotors.com |
| Footnotes / references Financials as of 31 March 2025[update].[3] | |
Tata Motors Limited, also known as TML Commercial Vehicles Ltd, or Tata Motors Commercial Vehicles Limited is an Indian multinational commercial vehicle manufacturer, headquartered in Mumbai and part of the Tata Group. The company produces trucks, vans, and buses.[4]
The company was incorporated in 2024 as TML Commercial Vehicles, after Tata Motors announced the demerger of its commercial vehicles business. In October 2025, the demerger came into effect and the demerged entity TML Commercial Vehicles was subsequently renamed Tata Motors, while the original Tata Motors was renamed Tata Motors Passenger Vehicles.[5][6]
The company's notable subsidiaries include Tata Daewoo, Tata Marcopolo, and the proposed acquisition of Iveco. Tata Motors has joint ventures with Hitachi (Tata Hitachi Construction Machinery) and Stellantis, which makes engines and vehicle components for Fiat Chrysler and Tata-branded vehicles.
Tata Motors is listed on the BSE and NSE, and is a constituent of the BSE SENSEX and NIFTY 50 benchmark indices.[7]
History[edit | edit source]
Background[edit | edit source]
Tata Group entered the commercial vehicle sector in 1954 after forming a joint venture with Mercedes-Benz of Germany in which Tata developed a manufacturing facility in Jamshedpur for Daimler lorries.[8] By November 1954 Tata and Daimler manufactured their first goods carrier chassis at the Jamshedpur plant with 90-100 hp and capacity of 3-5 tons.[9]
Following the liberalization of economy in India in 1991, Mercedes-Benz partnered with TELCO to officially enter the Indian market to produce and launch the W124 Mercedes-Benz E-Class, marking entry of luxury brand segment in India.[10] However, the car was not a success due to public perception, as Mercedes Benz had transitioned to the W210 E-Class globally, but over the years, the W124 has been positively received for reliability and simplicity.[11] Mercedes Benz eventually launched the W210 E-class in 1998 and produced the car in partnership with TELCO with CKD kits.
In the 2000s, Tata Motors made a series of acquisitions and partnerships, including the acquisition of Daewoo's South Korea-based truck manufacturing unit,[12] a joint venture with the Brazil-based Marcopolo, Tata Marcopolo Bus,[13] and the acquisition of Hispano Carrocera.[14]
Demerger[edit | edit source]
In March 2024, the original Tata Motors announced that it would split into two separate listed entities through a demerger. Consequently, the commercial vehicles business was transferred to its wholly owned subsidiary called TML Commercial Vehicles Limited, which was incorporated on 23 June 2024. The India passenger vehicles business, Jaguar Land Rover, and the majority stake in Tata Technologies remained under Tata Motors.[15][16][17]
The demerger went into effect on 1 October 2025.[18] After the demerger, TML Commercial Vehicles was renamed Tata Motors, while the original Tata Motors was renamed Tata Motors Passenger Vehicles.[19]
Operations[edit | edit source]
Tata Motors has commercial vehicle manufacturing plants at Jamshedpur (Jharkhand), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), and Dharwad (Karnataka).
Tata Daewoo[edit | edit source]
Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company and formerly Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in Gunsan, Jeollabuk-do South Korea, and a wholly owned subsidiary of Tata Motors. It is the second-largest heavy commercial vehicle manufacturer in South Korea and was acquired by Tata Motors in 2004. The principal reasons behind the acquisition were to reduce Tata's dependence on the Indian commercial vehicle market (which was responsible for around 94% of its sales in the MHCV segment and around 84% in the light commercial vehicle segment) and expand its product portfolio by leveraging on Daewoo's strengths in the heavy-tonnage sector.
Tata Motors has jointly worked with Tata Daewoo to develop trucks such as Novus and World Truck and buses including GloBus and StarBus. In 2012, Tata began developing a new line to manufacture competitive and fuel-efficient commercial vehicles to face the competition posed by the entry of international brands such as Mercedes-Benz, Volvo, and Navistar into the Indian market.[20]
Tata Marcopolo[edit | edit source]

Tata Marcopolo is a bus-manufacturing company which was established as a joint venture between Tata Motors (51%) and the Brazil-based Marcopolo S.A. (49%). The company manufactures and assembles fully built buses and coaches targeted at developing mass rapid transportation systems. It uses technology and expertise in chassis and aggregates from Tata Motors, and know-how in processes and systems for bodybuilding and bus body design from Marcopolo. Tata Marcopolo's low-floor city bus is widely used by transport corporations in many Indian cities. Its manufacturing facility is based in Dharwad, Karnataka, India and Lucknow, Uttar Pradesh, India.
In December 2020, Marcopolo and Tata Motors came to an agreement, whereby Tata Motors would purchase the 49 percent stake held by Marcopolo in the bus-making joint venture for ₹100 crore, bringing curtains to the 14-year old partnership and paving the way for a smooth exit for the Brazilian company. The deal was completed on 29 August 2022.[21] The deal allowed Tata Motors to continue using the ‘Marcopolo’ trademark for a minimum of three years with a non-compete provision in India for a corresponding period.
Former subsidiaries[edit | edit source]
Tata Hispano[edit | edit source]
Tata Hispano Motors Carrocera, S.A. was a bus and coach manufacturer based in Zaragoza, Aragon, Spain, and a wholly owned subsidiary of Tata Motors. Tata Hispano has plants in Zaragoza, Spain, and Casablanca, Morocco. Tata Motors first acquired a 21% stake in Hispano Carrocera SA in 2005,[22] and purchased the remaining 79% for an undisclosed sum in 2009, making it a fully owned subsidiary, subsequently renamed Tata Hispano. In 2013, Tata Hispano ceased production at its Zaragoza plant.[23][24]
TML Drivelines[edit | edit source]
TML Drivelines Ltd. was a wholly owned subsidiary of Tata Motors engaged in the manufacture of gearboxes and axles for heavy and medium commercial vehicles. It has production facilities at Jamshedpur and Lucknow. TML Drivelines was formed through the merger of HV Transmission and HV Axles. TML Drivelines was merged with Tata Motors in 2017.[25]
Products[edit | edit source]
The company's commercial vehicles include:
- Tata Ace
- Tata Ace Zip
- Tata Ace EV
- Tata Super Ace
- Tata Ace Mega
- Tata Intra
- Tata Intra V10
- Tata Intra V20
- Tata Intra V30
- Tata Intra V50
- Tata Xenon XT
- Tata Yodha
- Tata Iris
- Tata Yodha/Xenon Pick-up truck
- Tata 407 Ex and Ex2
- Tata 709 Ex
- Tata 807 (Steel cabin chassis, cowl chassis, medium bus chassis, steel cabin + steel body chassis)
- Tata 809 Ex and Ex2
- Tata 909 Ex and Ex2
- Tata 1210 SE and SFC (Semi Forward)
- Tata 1210 LP (Long Plate)
- Tata 1109 (Intermediate truck/ LCV bus)
- Tata 1512c (Medium bus chassis)
- Tata 1515c/1615 (Medium bus chassis)
- Tata 1612c/1616c/1618c (Heavy bus chassis)
- Tata 1618 (Semilow-floor bus chassis)
- Tata 1623 (Rear-engined low-floor bus chassis)
- Tata 1518C (Medium truck) 10 ton
- Tata 1613/1615c (Medium truck)
- Tata 1616/1618c (Heavy duty truck)
- Tata 2515c/2516c/2518c (Heavy duty 10-wheeler truck)
- Tata Starbus (Branded buses for city, intercity, school bus, and standard passenger transportation)
- Tata Divo (Hispano Divo)
- Tata CityRide (12- to 20-seater buses for intracity use)
- Tata 3015 (Heavy truck)
- Tata 3118 (Heavy truck) (8×2)
- Tata 3516 (Heavy truck)
- Tata 4018 (Heavy truck)
- Tata 4923 (Ultraheavy truck) (6×4)
- Tata Novus
- Tata Prima
- Tata SIGNA series
- Tata Ultra series (ICV Segment)
- Tata Winger - (minivan)
Notable vehicles[edit | edit source]
Tata 407[edit | edit source]

The Tata 407 is a light commercial vehicle (LCV) that has sold over 500,000 units since its launch in 1986.[26] In India, this vehicle dominates market share of the LCV category, accounting for close to 75% of LCV sales. The 407 model range includes trucks, tippers, pick-ups and vehicles for agri/food products, construction, light mining and services.[27]
Tata Ace[edit | edit source]

Tata Ace, India's first indigenously developed sub-one-ton minitruck, was launched in May 2005. The minitruck was a huge success in India with auto analysts claiming that Ace had changed the dynamics of the light commercial vehicle (LCV) market in the country by creating a new market segment termed the small commercial vehicle segment. Ace rapidly emerged as the first choice for transporters and single truck owners for city and rural transport.
By October 2005, LCV sales of Tata Motors had grown by 36.6% to 28,537 units due to the rising demand for Ace. The Ace was built with a load body produced by Autoline Industries.[28]
By 2005, Autoline was producing 300 load bodies per day for Tata Motors. Ace is still a top seller for TML with 500,000 units sold by June 2010.[29] In 2011, Tata Motors invested Rs 1000 crore in Dharwad Plant, Karnataka, with the capacity of 90,000 units annually and launched two models of 0.5-T capacity as Tata Ace Zip, Magic Iris.[30] Ace has also been exported to several Asian, European, South American, and African countries and all-electric models are sold through Polaris Industries' Global Electric Motorcars division. In Sri Lanka, it is sold through Diesel & Motor Engineering (DIMO) PLC under the name of DIMO Batta.
Tata Xenon/Yodha[edit | edit source]

Tata Xenon, also called the Tata Yodha, is a mid size pickup truck first introduced in 1988 as the Tata Telcoline. The second generation pickup truck called the Xenon has been produced since 2006, with its facelift being produced as the Yodha.
Tata Prima[edit | edit source]

Tata Prima is a range of heavy trucks first introduced in 2008 as the company's 'global' truck. Tata Prima was the winner of the 'Commercial Vehicle of the Year' at the Apollo Commercial Vehicles Awards, 2010 and 2012.
See also[edit | edit source]
References[edit | edit source]
- ↑ "Tata Motors Ltd". Business Standard. Retrieved 29 November 2025.
- ↑ "Contact Us - Tata Motors Limited". www.tatamotors.com. 14 October 2015. Archived from the original on 4 May 2019. Retrieved 30 July 2018.
- ↑ "Tata Motors Limited (formerly TML Commercial Vehicles Ltd.) Q2 FY26 Results" (PDF). Tata Motors Limited. Retrieved 7 December 2025.
- ↑ "Financials of Tata Motors Limited". CNN. Archived from the original on 16 October 2013.
- ↑ Gaurav, Kumar (3 November 2025). "Tata Motors demerger: Key things every investors should know before listing". Business Standard.
{{cite news}}: CS1 maint: url-status (link) - ↑ "Tata Motors says commercial vehicles unit to be renamed as Tata Motors Limited". The Economic Times. 9 October 2025. Retrieved 29 November 2025.
- ↑ "Fortune Global 500 list". Retrieved 5 October 2025.
- ↑ "More Special A Licences Granted | 12th March 1954 | The Commercial Motor Archive". archive.commercialmotor.com. Retrieved 30 May 2023.
- ↑ "Government View• On Roads : Big Extension of Construction? | 12th November 1954 | The Commercial Motor Archive". archive.commercialmotor.com. Retrieved 30 May 2023.
- ↑ "Rare Pics: Ratan Tata Launching Mercedes Benz In India".
- ↑ "Forty years on, Merc's W124 is a bonafide legend".
- ↑ "Tata Motors completes acquisition of Daewoo Commercial Vehicle Company". Tata Motors. Archived from the original on 8 February 2010. Retrieved 7 October 2010.
- ↑ "Tata Motors, Brazil co form joint venture". The Hindu Business Line. Archived from the original on 10 October 2010. Retrieved 7 October 2010.
- ↑ "Tata Motors acquires control of Hispano Carrocera". Business-Standard. 20 October 2009. Archived from the original on 21 April 2010. Retrieved 20 October 2011.
- ↑ "India's Tata Motors jumps on plans to split into two listed firms". Reuters. 5 March 2024. Retrieved 6 March 2024.
- ↑ "Explained: What Tata Motors' demerger plan means for the company and its shareholders". Indian Express. 5 March 2024. Retrieved 6 March 2024.
- ↑ "Tata Motors stock check: How does the demerger impact its fundamental and technical outlook for long-term". Livemint. Retrieved 6 March 2024.
- ↑ Awasthi, Nishtha (1 October 2025). "Tata Motors demerger takes effect: From record date to swap ratio, here's what investors need to know". The Economic Times. Retrieved 29 November 2025.
- ↑ "Tata Motors Demerger Takes Effect: Commercial and Passenger Vehicle Businesses Split Into Separate Listed Companies". Autocar Professional. Retrieved 29 November 2025.
- ↑ "Tatas readying new line of CVs to take on competition". 14 July 2012. Archived from the original on 17 July 2012. Retrieved 14 July 2012.
- ↑ "Tata Motors acquires full stake of the JV - Tata Marcopolo Motors". Times Now. 31 August 2022. Retrieved 13 October 2024.
- ↑ "Hispano". Hispano-net.com. Archived from the original on 28 September 2010. Retrieved 11 October 2010.
- ↑ "Media - Tata Motors Limited". 10 September 2015. Archived from the original on 28 September 2017. Retrieved 27 September 2017.
- ↑ Mondal, Manisha. "Robotic hand rocks manufacturing cradle". The Hindu. Retrieved 11 April 2017.
- ↑ "Tata Motors to merge its subsidiary TML Drivelines unit with itself for synergy, cost-cutting". Hindustan Times. 20 June 2017. Retrieved 29 November 2025.
- ↑ "TATA Motors Annual Report 2011–2012". Tatamotors.com. Archived from the original on 8 January 2016. Retrieved 28 June 2015.
- ↑ "Tata Light Commercial Vehicles". Tata Motors.
- ↑ "Autoline - A Stamp of Perfection". 9 February 2008. Archived from the original on 9 February 2008. Retrieved 27 September 2017.
- ↑ "tatamotors". Tatamotors. 14 March 2012. Archived from the original on 9 February 2008. Retrieved 8 August 2012.
- ↑ "Autoline". 9 February 2008. Archived from the original on 9 February 2008. Retrieved 11 October 2010.