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Tata Motors Passenger Vehicles Ltd logo

Tata Motors Passenger Vehicles Ltd

NSE: TMPV BSE: 500570

₹304.20

(2.70%)

Sat, 04 Apr 2026, 01:49 pm

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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.

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