company . this article or section contains close paraphrasing of one or more non free copyrighted sources . ideas in this article should be expressed in an original manner . more details may be available on the talk page . december 2015 learn how and when to remove this template message tata motors limited type public traded as bse 500570 bse sensex constituent nse tatamotors nyse ttm industry automotive founded 1945 headquarters mumbai maharashtra india 1 area served worldwide key people cyrus p. mistry chairman 2012 present guenter butschek ceo hk sethna company secretary products automobiles commercial vehicles coaches buses construction equipment military vehicles automotive parts services automotive design engineering and outsourcing services vehicle leasing vehicle service revenue 2.625 trillion us 39 billion 2015 2 operating income 260.0 billion us 3.9 billion 2015 2 profit 128.2 billion us 1.9 billion 2015 2 total assets 2.345 trillion us 35 billion 2015 2 total equity 534.9 billion us 7.9 billion 2015 2 number of employees 76 500 2015 2 parent tata group divisions tata motors cars subsidiaries jaguar land rover tata daewoo tata hispano website www.tatamotors.com tata motors limited formerly telco short for tata engineering and locomotive company is an indian multinational automotive manufacturing company headquartered in mumbai maharashtra india and a subsidiary of the tata group . its products include passenger cars trucks vans coaches buses construction equipment and military vehicles . it is the world s 5th largest motor vehicle manufacturing company fourth largest truck manufacturer and second largest bus manufacturer by volume . 3 tata motors has auto manufacturing and assembly plants in jamshedpur pantnagar lucknow sanand dharwad and pune in india as well as in argentina south africa great britain and thailand . it has research and development centres in pune jamshedpur lucknow and dharwad india and in south korea great britain and spain . tata motors principal subsidiaries purchased the english premium car maker jaguar land rover the maker of jaguar and land rover cars and the south korean commercial vehicle manufacturer tata daewoo . tata motors has a bus manufacturing joint venture with marcopolo s.a. tata marcopolo a construction equipment manufacturing joint venture with hitachi tata hitachi construction machinery and a joint venture with fiat chrysler which manufactures automotive components and fiat chrysler and tata branded vehicles . founded in 1945 as a manufacturer of locomotives the company manufactured its first commercial vehicle in 1954 in a collaboration with daimler benz ag which ended in 1969 . tata motors entered the passenger vehicle market in 1991 with the launch of the tata sierra becoming the first indian manufacturer to achieve the capability of developing a competitive indigenous automobile . 4 in 1998 tata launched the first fully indigenous indian passenger car the indica and in 2008 launched the tata nano the world s cheapest car . tata motors acquired the south korean truck manufacturer daewoo commercial vehicles company in 2004 and purchased jaguar land rover from ford in 2008 . tata motors is listed on the bse bombay stock exchange where it is a constituent of the bse sensex index the national stock exchange of india and the new york stock exchange . the company is ranked 226th on the fortune global 500 list of the world s biggest corporations as of 2016 . 5 contents 1 history 2 operations 2.1 tata motors cars 2.2 tata daewoo 2.3 tata hispano 2.4 jaguar land rover 2.5 tml drivelines 2.6 tata technologies 2.7 european technical centre 3 joint ventures 3.1 tata marcopolo 3.2 fiat tata 3.3 tata hitachi construction machinery 4 products 4.1 commercial vehicles 4.2 military vehicles 4.3 electric vehicles 5 notable vehicles 5.1 tata ace 5.2 tata 407 5.3 tata prima racing truck 5.4 tata hexa crossover 6 see also 7 references 8 external links history edit the first generation 1998 07 tata indica ; one of the best selling cars in the history of the indian automobile industry the tata nano the world s most affordable car tata bolt tata entered the commercial vehicle sector in 1954 after forming a joint venture with daimler benz of germany . after years of dominating the commercial vehicle market in india tata motors entered the passenger vehicle market in 1991 by launching the tata sierra a multi utility vehicle . tata subsequently launched the tata estate 1992 ; a station wagon design based on the earlier tatamobile 1989 a light commercial vehicle the tata sumo 1994 ; lcv and the tata safari 1998 ; india s first sports utility vehicle . tata launched the indica in 1998 the first fully indigenous indian passenger car . although initially criticized by auto analysts its excellent fuel economy powerful engine and an aggressive marketing strategy made it one of the best selling cars in the history of the indian automobile industry . a newer version of the car named indica v2 was a major improvement over the previous version and quickly became a mass favourite . tata motors also successfully exported large numbers of the car to south africa . the success of the indica played a key role in the growth of tata motors . 6 in 2004 tata motors acquired daewoo s south korea based truck manufacturing unit daewoo commercial vehicles company later renamed tata daewoo . 7 on 27 september 2004 tata motors rang the opening bell at the new york stock exchange to mark the listing of tata motors . 8 in 2005 tata motors acquired a 21 % controlling stake in the spanish bus and coach manufacturer hispano carrocera . 9 tata motors continued its market area expansion through the introduction of new products such as buses starbus and globus jointly developed with subsidiary hispano carrocera and trucks novus jointly developed with subsidiary tata daewoo . in 2006 tata formed a joint venture with the brazil based marcopolo tata marcopolo bus to manufacture fully built buses and coaches . 10 in 2008 tata motors acquired the english car maker jaguar land rover manufacturer of the jaguar and land rover from ford motor company . 11 12 13 14 in may 2009 tata unveiled the tata world truck range jointly developed with tata daewoo ; 15 the range went on sale in south korea south africa the saarc countries and the middle east at the end of 2009 . 15 tata acquired full ownership of hispano carrocera in 2009 . 16 in 2009 its lucknow plant was awarded the best of all rajiv gandhi national quality award . 17 in 2010 tata motors acquired an 80 % stake in the italian design and engineering company trilix for 1.85 million . the acquisition formed part of the company s plan to enhance its styling and design capabilities . 18 in 2012 tata motors announced it would invest around 6 billion in the development of futuristic infantry combat vehicles in collaboration with drdo . 19 in 2013 tata motors announced it will sell in india the first vehicle in the world to run on compressed air engines designed by the french company mdi and dubbed mini cat . in 2014 tata motors introduced first truck racing championship in india t1 prima truck racing championship . on 26 january 2014 the managing director karl slym was found dead . he fell from the 22nd floor to the fourth floor of the shangri la hotel in bangkok where he was to attend a meeting of tata motors thailand . 20 on 2 november 2015 tata motors announced lionel messi as global brand ambassador at new delhi to promote and endorse passenger vehicles globally . 21 operations edit tata motors has vehicle assembly operations in india great britain south korea thailand spain and south africa . it plans to establish plants in turkey indonesia and eastern europe . tata motors cars edit main article tata motors cars the tata pr1ma tata motors cars is a division of tata motors which produces passenger cars under the tata motors marque . tata motors is among the top four passenger vehicle brands in india with products in the compact midsize car and utility vehicle segments . 22 the company s manufacturing base in india is spread across jamshedpur jharkhand pune maharashtra lucknow uttar pradesh pantnagar uttarakhand dharwad karnataka and sanand gujarat . tata s dealership sales service and spare parts network comprises over 3 500 touch points . 22 tata motors has more than 250 dealerships in more than 195 cities across 27 states and four union territories of india . 23 it has the third largest sales and service network after maruti suzuki and hyundai . tata lpt trucks made at overseas plants tata also has franchisee joint venture assembly operations in kenya bangladesh ukraine russia and senegal . 24 tata has dealerships in 26 countries across 4 continents . 25 tata is present in many countries it has managed to create a large consumer base in the indian subcontinent namely india bangladesh bhutan sri lanka and nepal . tata is also present in italy 26 spain 27 poland 28 romania 29 turkey 30 chile 31 south africa 32 oman kuwait qatar saudi arabia united arab emirates bahrain iraq syria and australia . tata daewoo edit main article tata daewoo the tata prima heavy truck on the roads of lucknow 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 . 33 tata hispano edit main article tata hispano tata hispano habit bus at madrid airport 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 9 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 . 34 jaguar land rover edit the range rover evoque . main article jaguar land rover jaguar land rover plc is an english premium automaker headquartered in whitley coventry great britain and has been a wholly owned subsidiary of tata motors since june 2008 when it was acquired from ford motor company of usa . 35 its principal activity is the development manufacture and sale of jaguar cars luxury and sports cars and land rover premium four wheel drive vehicles . jaguar land rover has two design centres and three assembly plants in great britain . under tata ownership jaguar land rover has launched new vehicles including the range rover evoque jaguar f type the jaguar xf the jaguar xj x351 the second generation range rover sport the fourth generation land rover discovery and the range rover l405 . tml drivelines edit tml drivelines ltd. is a wholly owned subsidiary of tata motors engaged in the manufacture of gear boxes and axles for heavy and medium commercial vehicles . it has production facilities at jamshedpur and lucknow