8 things you never knew about Tata
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Published: April 9, 2009
8 things you never knew about Tata
Just how much do you know about the Indian company Tata?
You probably know they make the world’s cheapest car and that they recently purchased Jaguar and Land Rover in a deal valued at $2.3bn.
Kahn news.com gives readers the low-down on the prominent Indian company run by Ratan Tata.
Ratan Tata keeps his word:
Tata Chairman Ratan Tata promised that he would build a car for Indians, costing 100,000 Rupees – the “one lakh Rupee car”. Impossible, said almost everyone in the auto industry. Yet, the car became a production reality.
The Cornell University graduate’s comment? “A promise is a promise”. So, whenever this man, rated by Forbes magazine as one of the 25 most powerful men in business, speaks, you should listen. Therefore, like us, you should study his words carefully. If he promises great things, chances are he could just deliver…
Furthermore, Tata plans to make a million ‘Nanos’ a year, putting India’s two-wheeled motorists on four wheels for the first time. The 30bhp motor has hints of G-Wiz and Chevrolet Matiz to it, but it seems a staggeringly accomplished thing for so little cash – and is sure to drastically improve Indian car ownership, currently 8 cars per 1,000 people. Tata even answers environmental concerns: all these new cars will actually pollute less than the dirty old mopeds they replace…
Now that’s ever so cheap.
They have a research centre in Warwick:
Tata has been busy setting up a UK vehicle development centre. Currently based at Warwick University, the Warwick site is proof that Tata’s been casting a global eye on the industry for some time; its presence can only strengthen the development of future Land Rovers and Jaguars over here.
They have clout:
Tata Motors had, back in 2006-07, revenues of over £3.5bn, while it employs over 22,000 people. Last year, it produced well over half a million cars, adding to a total Tata parc of four million cars. Highlights include the acquisition of Daewoo’s commercial division, making Tata the world’s fifth-largest medium and heavy commercial vehicle manufacturer – oh, and the second-largest bus manufacturer. Established back in 1945, Tata is ranked as the world’s 21st-largest automotive manufacturer, and growing fast: be in no doubt, this is a serious company. And parent company Tata Group? It has revenues equivalent to over 3 per cent of India’s total GDP…
They make tea:
Are you at your desk, with a cup of tea? We often are. And, if it’s Tetley you’re drinking, Mr. Tata will be happy. Because he also owns that company as well. Tata is actually the second-largest tea producer in the world, buying the Tetley brand back in 2000, for a quarter of a billion pounds, and doing much to expand it since. Back then, the deal was the largest foreign acquisition for an Indian company – Tata, of course, has done much to dwarf such figures since.
They have links with Fiat:
In 2007, Tata negotiated a joint venture with Fiat Auto, that saw the two collaborate on a plant to build Fiats (both cars and engines) for Indian and overseas markets. Tata also distributes Fiats in India though the Tata-Fiat dealer network – with so much success, Fiat boss Sergio Marchionne asked Ratan Tata to join the Fiat board last year. The two will even share a stand at this year’s New Delhi motor show. In the future, Tata also looks set to benefit from Fiat’s diesel engine technology. Will this be of significance to Jaguar and Land Rover? There have also been rumours that the next ‘large’ Alfa will be based on a Jaguar XJ platform, furthering the intriguing links…
They own Corus, otherwise known as British Steel:
Tata Steel, yet another division of the vast Tata Group, is the world’s fifth-largest steel producer – and became so through taking over Corus, otherwise known as British Steel. The company still employs over 24,000 people in the UK – and its acquisition proved that Tata was not averse to high-value takeovers: the deal was worth a staggering £6.7bn. Mind you, the link-up is slightly ironic, given both Land Rover and Jaguar’s extensive use of aluminium and mastery of the latest production techniques…
They have links with Fiat:
In 2007, Tata negotiated a joint venture with Fiat Auto, that saw the two collaborate on a plant to build Fiats (both cars and engines) for Indian and overseas markets. Tata also distributes Fiats in India though the Tata-Fiat dealer network – with so much success, Fiat boss Sergio Marchionne asked Ratan Tata to join the Fiat board last year. The two will even share a stand at this year’s New Delhi motor show. In the future, Tata also looks set to benefit from Fiat’s diesel engine technology. Will this be of significance to Jaguar and Land Rover? There have also been rumours that the next ‘large’ Alfa will be based on a Jaguar XJ platform, furthering the intriguing links…
Tata likes the UK
Tata has had a presence in the UK for over 100 years. In 1907, Tata Limited was established in London, to be the Group’s representatives in Europe. This was the Group’s first foreign foray, and the links have remained ever since; offices are still held in Grosvenor Place. Today, we’re the largest overseas market for Tata outside the US, responsible for revenues of around half a billion pounds. Tata also employs 4,000 people here, which will of course be expanded by 15,000 when the Jaguar/Land Rover deal goes through. Significantly, one of Tata Limited’s responsibilities is to channel new opportunities to the Group. Wonder if they’ve played their part in the Jaguar/Land Rover deal?
8 things you never knew about Tata
Just how much do you know about the Indian company Tata?
You probably know they make the world’s cheapest car and that they recently purchased Jaguar and Land Rover in a deal valued at $2.3bn.
Kahn news.com gives readers the low-down on the prominent Indian company run by Ratan Tata.
Ratan Tata keeps his word:
Tata Chairman Ratan Tata promised that he would build a car for Indians, costing 100,000 Rupees – the “one lakh Rupee car”. Impossible, said almost everyone in the auto industry. Yet, the car became a production reality.
The Cornell University graduate’s comment? “A promise is a promise”. So, whenever this man, rated by Forbes magazine as one of the 25 most powerful men in business, speaks, you should listen. Therefore, like us, you should study his words carefully. If he promises great things, chances are he could just deliver…
Furthermore, Tata plans to make a million ‘Nanos’ a year, putting India’s two-wheeled motorists on four wheels for the first time. The 30bhp motor has hints of G-Wiz and Chevrolet Matiz to it, but it seems a staggeringly accomplished thing for so little cash – and is sure to drastically improve Indian car ownership, currently 8 cars per 1,000 people. Tata even answers environmental concerns: all these new cars will actually pollute less than the dirty old mopeds they replace…
Now that’s ever so cheap.
They have a research centre in Warwick:
Tata has been busy setting up a UK vehicle development centre. Currently based at Warwick University, the Warwick site is proof that Tata’s been casting a global eye on the industry for some time; its presence can only strengthen the development of future Land Rovers and Jaguars over here.
They have clout:
Tata Motors had, back in 2006-07, revenues of over £3.5bn, while it employs over 22,000 people. Last year, it produced well over half a million cars, adding to a total Tata parc of four million cars. Highlights include the acquisition of Daewoo’s commercial division, making Tata the world’s fifth-largest medium and heavy commercial vehicle manufacturer – oh, and the second-largest bus manufacturer. Established back in 1945, Tata is ranked as the world’s 21st-largest automotive manufacturer, and growing fast: be in no doubt, this is a serious company. And parent company Tata Group? It has revenues equivalent to over 3 per cent of India’s total GDP…
They make tea:
Are you at your desk, with a cup of tea? We often are. And, if it’s Tetley you’re drinking, Mr. Tata will be happy. Because he also owns that company as well. Tata is actually the second-largest tea producer in the world, buying the Tetley brand back in 2000, for a quarter of a billion pounds, and doing much to expand it since. Back then, the deal was the largest foreign acquisition for an Indian company – Tata, of course, has done much to dwarf such figures since.
They have links with Fiat:
In 2007, Tata negotiated a joint venture with Fiat Auto, that saw the two collaborate on a plant to build Fiats (both cars and engines) for Indian and overseas markets. Tata also distributes Fiats in India though the Tata-Fiat dealer network – with so much success, Fiat boss Sergio Marchionne asked Ratan Tata to join the Fiat board last year. The two will even share a stand at this year’s New Delhi motor show. In the future, Tata also looks set to benefit from Fiat’s diesel engine technology. Will this be of significance to Jaguar and Land Rover? There have also been rumours that the next ‘large’ Alfa will be based on a Jaguar XJ platform, furthering the intriguing links…
They own Corus, otherwise known as British Steel:
Tata Steel, yet another division of the vast Tata Group, is the world’s fifth-largest steel producer – and became so through taking over Corus, otherwise known as British Steel. The company still employs over 24,000 people in the UK – and its acquisition proved that Tata was not averse to high-value takeovers: the deal was worth a staggering £6.7bn. Mind you, the link-up is slightly ironic, given both Land Rover and Jaguar’s extensive use of aluminium and mastery of the latest production techniques…
They have links with Fiat:
In 2007, Tata negotiated a joint venture with Fiat Auto, that saw the two collaborate on a plant to build Fiats (both cars and engines) for Indian and overseas markets. Tata also distributes Fiats in India though the Tata-Fiat dealer network – with so much success, Fiat boss Sergio Marchionne asked Ratan Tata to join the Fiat board last year. The two will even share a stand at this year’s New Delhi motor show. In the future, Tata also looks set to benefit from Fiat’s diesel engine technology. Will this be of significance to Jaguar and Land Rover? There have also been rumours that the next ‘large’ Alfa will be based on a Jaguar XJ platform, furthering the intriguing links…
Tata likes the UK
Tata has had a presence in the UK for over 100 years. In 1907, Tata Limited was established in London, to be the Group’s representatives in Europe. This was the Group’s first foreign foray, and the links have remained ever since; offices are still held in Grosvenor Place. Today, we’re the largest overseas market for Tata outside the US, responsible for revenues of around half a billion pounds. Tata also employs 4,000 people here, which will of course be expanded by 15,000 when the Jaguar/Land Rover deal goes through. Significantly, one of Tata Limited’s responsibilities is to channel new opportunities to the Group. Wonder if they’ve played their part in the Jaguar/Land Rover deal?
Tagged with: Business
