Tata Motors Passenger Vehicles Ltd (TMPV) Share Price

Tata Motors is among India’s premier automobile manufacturers. Tata Motors is primarily known for manufacturing and marketing passenger and commercial vehicles. The Mumbai-headquartered firm is a subsidiary of the Tata Group, one of India's largest business conglomerates. The firm’s story began on September 1, 1945, when it was set up as Tata Engineering and Locomotive Company (TELCO). The objective of the company was to manufacture locomotives and other heavy engineering products. Initially, the company was engaged in the production of locomotives and engineering products. In the 1950s, Tata Motors initiated the production of commercial vehicles. In 1954, TELCO signed a technical collaboration agreement with Daimler-Benz AG and rolled out its first commercial vehicle - TMB 312 truck. In 1980, Tata Motors launched its Initial Public Offer (IPO). In 1988, Tata Motors entered the passenger vehicle market and launched its first passenger car - TataMobile. 1991 was a significant year for Tata Motors as it launched its first indigenous passenger vehicle - Tata Sierra. In 1992, Tata Motors introduced its first station wagon Tata Estate in the Indian market. In 1998, Tata Motors launched Tata Indica which was India’s first fully indigenous passenger car. In the same year, Tata Motors launched Tata Safari. In 2002, Tata Motors launched Tata Indigo which would go on to become one of its highest-selling models. In 2003, the company rebranded and officially changed its name from TELCO to Tata Motors. In 2004, Tata Motors acquired South Korean truck manufacturer Daewoo Commercial Vehicles Company. In 2005, Tata Motors purchased a controlling stake in the Spanish bus and coach manufacturer Hispano Carrocera. In 2008, Tata Motors acquired the Jaguar Land Rover businesses from Ford Motor Company for a net consideration of US $2.3 billion. In 2019, Tata Motors launched its first electric car - Nexon EV. As of March 2022, Tata Motors had sold over 10 lakh vehicles across segments. The company had employee strength of over 50,000. The company also operates in Europe, Africa, and South America.

Products and services 

Tata Motors operates in various vehicle segments. These include passenger vehicles, commercial vehicles, electric vehicles and defence vehicles. It produces multiple models for these segments to cater to the needs of customers. In the passenger vehicle segment, Tata Motors markets and produces a bunch of models such as Altroz, Tiago, Tigor, Nexon and Harrier. In the commercial vehicle segment, Tata Motors is a market leader. It markets and produces a variety of trucks such as Tata Magic, buses and mini-buses. Commercial vehicles produced by Tata Motors are put to different uses such as goods transportation, passenger transportation and construction. Tata Motors is committed to sustainability and has invested in electric vehicle technology. The company produces the Nexon EV, Tigor EV and recently launched the Altroz EV. Tata Motor also produces defence vehicles for the Indian armed forces. It also offers several after sales services. These include maintenance and repair services, vehicle insurance and roadside assistance. 

Listing 

Automobile major Tata Motors is listed on a number of Indian stock exchanges such as BSE, NSE, Madras Stock Exchange, Calcutta Stock Exchange, etc. Tata Motors is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.