Tata Motors Passenger Vehicles Ltd
NSE: TMPV BSE: 500570
₹264.60
-5.40 (2.00%)
Wed, 28 Oct 2026, 10:01 pm
Market Cap (in Cr)97765.03
PE Ratio1.25
Dividend1.13
Consumer Durables
Motor Vehicles
24.5KTata Motors Passenger Vehicles Ltd Company History
1945
- Company incorporated 1 September in Mumbai for diesel vehicles, excavators, etc.
- TMB vehicles renamed Tata post Daimler-Benz collaboration.
1946
- Manufactured 5000 KC wagons for Indian Railways.
- Managing Agency transferred to Tata Industries.
1948
- Introduced Steam Road Roller with Marshall Sons UK.
1950
- Krauss-Maffei collaboration for steam locomotives.
1954
- Daimler-Benz collaboration for medium CVs at Jamshedpur.
1956
- Steel foundry with Usines Emile Henricot Belgium.
1959
- R&D Center established at Jamshedpur.
1960
- Name changed to Tata Engineering & Locomotive Co Ltd.
1961
- P&H USA collaboration for excavators/cranes.
1963
- Press tools project with Raymond Thompson UK.
1965
- Amalgamated Investa; formed Machine Tool Division.
1968
- Built Pune vehicle facilities.
- Hueller Hille collaboration for machines.
1970
- Issued debentures post Central Bank amalgamation.
1971
- Merged Central Bank of India.
1972
- Sold know-how to Tata Precision Singapore.
1974
- Malaysia JV for vehicle assembly.
1979
- Issued 1,050,000 11% convertible bonds.
1983
- Issued Rs 30 Cr 15% NCDs.
- Equity issued on bond/debenture conversions.
1984
- Vehicle capacity increased to 78,000.
- Hitachi collaboration for excavators.
- Pune capacity expanded.
1985
- Developed tools for 407/608 series.
- Started CNC production with Japanese collaborators.
- Commissioned Pune electronics centre.
1986
- Issued Rs 40 Cr 15% NCDs on rights.
1987
- Issued 12.5% convertible debentures.
1988
- Launched Tata Mobile pick-up.
- New facilities at Jamshedpur.
- Negotiated Daimler-Benz World Truck.
1989
- Achieved 25% LCV market share.
- Hitachi agreement for EX excavators.
- Cummins JV agreement.
- Know-how for aluminium castings.
1990
- Launched TWK-3036 wheel loader.
- Redeemed 13.5% preference shares.
1991
- Engine R&D collaboration agreement.
- Launched Sierra and Estate vehicles.
- Acquired Noduron Founders.
- Issued 12.5% partly convertible debentures.
- Launched EX excavators and crane.
1992
- Launched EX series excavators and crane.
- Mercedes-Benz India JV incorporated.
- Welding robots agreement with Nachi-Fujikoshi.
- Floatglass India JV with Asian Glass.
- MCV production started at Lucknow.
1993
- Tata Motors introduced 609 buses.
- Tata Cummins JV for engines.
- Vehicles launched in Argentina, Chile, Paraguay.
1994
- Tata Motors launched Sumo and LPT 709.
- Tata Motors developed 4-cylinder petrol engine with AVL.
- Mercedes-Benz India JV for E-Class cars.
- Tata Holset JV for turbochargers.
- New foundry commissioned at Pune.
- Tata Motors issued GDRs.
- Launched Cummins vehicles abroad.
- Honda collaboration for Accord cars.
- Launched EX 300 LC and 6T mini excavator.
1995
- Tata Motors developed new vehicle variants and Safari SUV.
- Tata Motors launched 25T truck and Cummins bus.
- Tata Motors acquired Nissan equipment.
- Tata Motors issued warrants; allotted shares and bonus.
- Machine tool division expanded.
1996
- Tata Motors planned 900cc family car.
- Tata Motors launched Tata-Hitachi Ex-700.
- Tata Motors renewed robot collaboration with Nachi-Fujikoshi.
- Tata Motors issued $200M GDRs.
- Tata Motors launched Tata Safari.
- Tata Holset turbocharger plant inaugurated.
1997
- Tata Motors issued $200M Yankee Bonds.
- Tata Motors issued Rs 300 Cr Commercial Paper.
- Tata Motors placed Rs 115 Cr NCDs.
- Tata Motors entered auto JVs via Tata Industries.
- Tata Motors set up Tata Technologies subsidiary.
- Tata Motors planned Dharwad truck plant.
- Tata Motors topped Review 200 survey.
- Tata Motors allied with Bridgestone for tyres.
- Tata Motors planned 1.5 lakh car unit.
- Tata Motors collaborated with John Deere, Hitachi, others.
- Tata Motors launched 9-tonne vehicle and 40T tractor trailer.
- Tata Motors developed low floor bus chassis.
1998
- Tata Motors launched Indica small car.
- Tata Motors launched Cummins-powered trucks and buses.
- Concorde Motors appointed passenger car dealer.
1999
- Tata Motors offered Euro-I compliant CVs.
- Tata Motors sold construction equipment division for Rs 600 Cr.
- Tata Motors won National R&D award.
- Tata Motors hived off construction equipment to TCECL.
2000
- Tata Motors declared lockout at Lucknow plant.
- Tata Motors launched Indica 2000 MPFI.
- Tata Motors won National Technology Award for Indica.
- Tata Engineering renamed Tata Engineering Ltd.
- Tata Motors shut Lucknow CV assembly unit.
- Lockout lifted at Lucknow.
2001
- Tata Motors planned alliances for engines, gearboxes, axles.
- Telco and PSA Peugeot ended mid-size car JV.
- Tata Motors launched Indica V2 MPFI petrol.
2002
- FII stake increased to 13.34%.
- Tata Motors launched six new CVs at Auto Expo.
- High Court approved financial restructuring.
- Tata Motors named Sedan as Indigo.
- Tata Motors unveiled EX series CVs.
- Tata Motors launched 207 DI SCV.
- Tata Motors launched new Safari range.
- Tata Motors tied up with MG Rover.
2003
- Tata Motors launched Indica V2.
- Tata Motors name changed to Tata Motors Ltd on July 29.
- Tata Motors acquired Daewoo Commercial Vehicle Co.
- Tata Motors issued $90M FCCB.
- Tata Motors crossed 3M vehicle production milestone.
- Tata Motors launched petrol Safari and CityRover.
2004
- Tata Motors launched Indica V2.
- Tata Motors launched Indicab.
- Tata Motors launched SFC 407EX.
- Tata Motors acquired Daewoo CV unit for Rs 465 Cr.
- Tata Motors launched LPT 909EX Turbo Truck.
- Tata Motors launched Sumo facelift.
- Tata Motors launched Indigo Marina.
- Tata Motors tied up with Magma Leasing and BPCL.
2005
- Tata Motors signed with Hispano Carrocera for 21% stake.
- Tata Motors partnered with IOC for bio-diesel pilot.
- Tata Motors launched Ace.
- Tata Motors launched Safari DICOR.
- Tata Motors launched luxury Indigo variants.
- Tata Motors launched Indica V2 Turbo.
- Tata Motors unveiled Novus.
2006
- Tata Motors launched Cliffrider.
- Tata Motors unveiled premium Indigo and X-over at Auto Expo.
- Tata Motors launched Indica V2 Xeta.
- Passenger vehicle sales crossed 1M mark.
- Tata Motors and Marcopolo JV for fully built buses.
2007
- Tata Motors won Golden Peacock CSR award.
- Tata Motors acquired Nissan facility in South Africa.
- Tata Motors bagged 500 CNG bus order from DTC.
- Tata Motors appointed P M Telang Executive Director CVs.
- Tata Motors rolled out Sumo Victa Turbo DI.
2008
- Tata Motors signed deal with Chrysler EV unit.
- Tata Motors launched Indica Vista.
- Tata Motors issued 1:6 rights.
2009
- Tata Motors tied up with Andhra Bank for PV finance.
- Bank of India tied up for Fiat car finance via Tata-Fiat network.
- Tata Motors pledged shares in Tata Steel.
2010
- Tata Motors opened Rs 2000 Cr Sanand Nano plant.
- IndusInd Bank tied up for dealer channel finance.
- Tata Motors launched Ace Super City Giant in Thailand.
- Tata Motors acquired 80% stake in Trilix Srl Italy.
- Tata Nano won Good Design Award 2010.
2011
- Tata Motors launched Aria 4x2 range.
- Tata Motors launched upgraded Nano.
- Jaguar Land Rover launched £1B senior notes.
- Tata Motors won Rs 150 Cr order from Siddhivinayak Logistics.
- Tata Motors launched Nano in Nepal.
- Tata Motors launched new Manza and Indica.
- Company split share face value from Rs 10 to Rs 2.
2012
- Tata Motors appointed Cyrus P Mistry Deputy Chairman.
- Tata Motors signed engine development deal with US firm.
- Tata Motors partnered with J&K Bank for car loans.
- Tata Motors launched Safari Storme SUV.
- Tata Motors topped Nielsen reputation survey.
- Tata Motors won 1314 truck order from Siddhi Vinayak.
2013
- Jaguar Land Rover launched $400M senior notes.
- Tata Nano reached 3M Facebook fans.
- Tata Indigo eCS entered Limca Book of Records.
- Jamshedpur plant rolled out 2Mth truck.
- Tata Motors offered credit card purchase for Nano.
- Tata Motors launched Prima trucks in Sri Lanka.
- Tata Motors launched MCV buses.
- Tata Motors launched 6 heavy trucks and FleetMan.
- Tata Motors won Indian Multinational of Year award.
- Tata Motors launched CV Driving Centre in Singrauli.
- Tata Motors tied up with Fusion Automotive for Australia.
- Tata Motors launched passenger vehicle service.
- Tata Motors launched products in Indonesia.
2014
- Tata Motors launched Nano Twist.
- Tata Motors launched REVOTRON petrol engines.
- Tata Motors unveiled Zest and Bolt.
- Tata Motors launched Soul.
- Tata Motors launched 10 Prima LX trucks.
- Tata Motors launched all-new Aria.
- Tata Motors launched Prima trucks in Qatar.
- Tata Motors launched Ultra trucks.
- Tata Motors listed Safari Storme on eBay India.
- Tata Motors launched Movus.
- Tata Motors entered Algeria with passenger cars.
- Tata Motors bagged 2700+ JnNURM-II bus orders.
- Tata Motors launched Prima in Nepal.
2015
- Tata Motors launched Zest special edition.
- Tata Motors launched Buszone bus dealership.
- Tata Motors launched six Prima trucks in Kenya.
- Tata Motors bagged 1200 truck order from Indian Army.
- Tata Motors launched Prima trucks in UAE and Oman.
- Tata Motors partnered with Total Lubricants.
- Jaguar launched XE in Britain.
- Tata Motors entered Vietnam via TMT agreement.
- Tata Motors opened large Gulf showroom with Manahil.
- Tata Motors signed 5-year deal with Tata Technologies.
- Tata Motors issued rights in 6:109 ratio.
2016
- Tata Motors launched Petronas lubricants.
- Tata Motors signed MMRDA bus supply contract.
- Tata Motors bagged 25 hybrid bus order from MMRDA.
- Tata Motors launched Tiago.
- Tata Motors appointed Akshay Kumar CV brand ambassador.
- Tata Motors created 200+ jobs in J&K.
2017
- Tata Motors prepared to launch Tigor sedan.
- Tata Motors partnered with Microsoft for car products.
- Tata Motors and Tata CLiQ enabled Hexa online booking.
- Tata Motors readied sports car for Geneva show.
- Tata Motors developed first bio-methane bus.
- Tata Motors expanded CV range in Philippines.
- Tata Motors ended car joint development alliance.
- Tata Motors announced new corporate brand identity.
- Tata Motors launched Hexa urban edition at Rs 12.18 lakh.
- Tata Motors tied up with Jayem Auto for electric car.
- Tata Motors rolled out first Tigor EVs from Sanand.
2018
- Tata Motors launched Tiago XZ+ variant.
- Tata Motors launched Intermediate and Light CVs in Bhutan.
- Tata Nexon achieved 5-star Global NCAP adult safety rating.
- Tata Motors launched Tata Tigor in Nepal.
2019
- Tata Motors signed MoU with Prakriti E-Mobility for Tigor EVs in Delhi.
- Tata Motors launched new Prima and Ultra trucks in Kuwait.
- Tata Motors and IndianOil launched second Saarthi Aaram Kendra.
- Tata Motors announced scholarships for 500 Pune students.
2020
- Tata Motors introduced Ultra T.7 urban truck.
- Tata Nexon EV crossed 2000 sales milestone.
- Tata Motors delivered 65 Nexon EVs to Kerala Motor Vehicle Department.
2021
- Tata Motors delivered Winger vaccine vans in Gandhinagar.
- Tata Motors launched 3rd showroom in Hyderabad with Orange Group.
- Tata Motors delivered 60 Ultra Urban electric buses to Ahmedabad Janmarg.
2022
- Tata Motors expanded service network to 705 outlets.
- Tata Motors delivered 101 EVs in one day in Chennai.
- Tata Motors signed MoU with Lithium Urban Technologies for EV fleet.
- Tata Motors launched Ace EV e-cargo solutions.
- Tata Motors introduced Nexon EV MAX at INR 17.74 lakh.
2023
- Tata Motors partnered with ICICI Bank for EV dealer financing.
- Tata Motors Electric Mobility acquired Ford India's Sanand plant.
- Tata Motors won order for 50 Magna 13.5m buses from Vijayanand Travels.
- Tata Motors launched Altroz CNG.
- Tata Motors commenced Ace EV deliveries.
- Tata Motors launched high-performance gensets range.
2024
- Tata Motors launched Prima 4440.S AMT truck in Saudi Arabia.
- Tata Motors celebrated 15 lakh ILMCV trucks sales milestone.
- Indian Bank signed MoU with Tata Motors for CV financing.
- Tata Motors signed MoU with ESAF Small Finance Bank for CV financing.
