TMPV on National Stock Exchange of India

Tata Motors Passenger Vehicles

Logo: Aestheticlove.fx, Public domain, via Wikimedia Commons5

Indian automobile manufacturer

Tata Motors Passenger Vehicles Limited, doing business as Tata Cars (stylized as TATA.CARS) is an Indian multinational automobile manufacturer, based in Mumbai. It is a part of Tata Group. As of 2025, it is the third largest car manufacturer in India by sales, after Maruti Suzuki and Mahindra & Mahindra and above Hyundai.7 It was founded by JRD Tata.1 It employed about 27,900 people in 2014.1 Its shares trade on National Stock Exchange of India under the symbol TMPV.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$41.9BRevenue, fiscal 20236
$342.7MNet income, fiscal 20236
Sep 1, 1945Founded1

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  • TickerTMPV on National Stock Exchange of India1
  • Industryautomotive industry1
  • HeadquartersBombay House1
  • Founded inMumbai1
  • Websitetata.cars
  • Listed onBombay Stock Exchange (500570), National Stock Exchange of India (TMPV)1
  • Business address24 Homi Mody St, Hutatma Chowk, K7 4000018
  • Filer categoryLarge accelerated filer8
  • Legal formPublic Limited Company4
  • LEI335800BO2LHWJJ8TZI324
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressBOMBAY HOUSE 24 HOMI MODY STREET, 400001 Mumbai, India4
  • Registered withMinistry of Corporate Affairs, L28920MH1945PLC0045204

Tata Motors Passenger Vehicles Limited, doing business as Tata Cars (stylized as TATA.CARS) is an Indian multinational automobile manufacturer, based in Mumbai. It is a part of Tata Group. As of 2025, it is the third largest car manufacturer in India by sales, after Maruti Suzuki and Mahindra & Mahindra and above Hyundai. It owns British car manufacturer Jaguar Land Rover.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

0.8%Net margin6
14.8%Revenue growth, 20236
5.9%Return on equity6
1.85×Debt to equity6
$3.3BFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development3¢$1.3B
  • Other costs93¢$38.9B
  • Interest3¢$1.2B
  • Income tax0¢$85.7M
  • Profit1¢$342.7M

Out of $41.9B in revenue.6

Where each dollar of operating cash went, fiscal 2023

  • Capital spending24¢$1.0B
  • Kept or used elsewhere76¢$3.3B

Out of $4.3B of cash from operations.6

Financial statements

Revenue11121314156$41.9B in 2023−5% since 2018
0$20.0B$40.0B$60.0B2018: $44.2B$44.2B20182019: $43.3B$43.3B2019−2%2020: $34.3B$34.3B2020−21%2021: $33.9B$33.9B2021−1%2022: $36.5B$36.5B2022+8%2023: $41.9B$41.9B2023+15%
Net income11121314156$342.7M in 2023−67% since 2018
-$6.0B-$4.0B-$2.0B0$2.0B2018: $1.0B$1.0B20182019: -$4.2B-$4.2B20192020: -$1.5B-$1.5B2020−65%2021: -$1.9B-$1.9B2021+30%2022: -$1.5B-$1.5B2022−24%2023: $342.7M$342.7M2023
Fiscal year2017201820192020202120222023
Revenue$44.2B11$43.3B12$34.3B13$33.9B14$36.5B15$41.9B6
Research and development$1.2B15$1.3B6
Interest$1.2B15$1.2B6
Income before tax-$926.2M15$428.4M6
Income tax$556.8M15$85.7M6
Net income$1.0B11-$4.2B12-$1.5B13-$1.9B14-$1.5B15$342.7M6

Compare Tata Motors Passenger Vehicles with another company

Corporate structure

Tata Motors Passenger Vehicles sits at the top of its group. 21 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Tata Motors Passenger Vehicles Mumbai, India
    • Tata Technologies Pune, India
      • Tata Technologies (Singapore) Subsidiary · Singapore
    • Jaguar Cars Subsidiary · Coventry
    • Jaguar Land Rover Subsidiary · Coventry
    • Tata Hispano Subsidiary · Zaragoza
    • TATA MOTORS GLOBAL SERVICES LIMITED Subsidiary · 100% · Mumbai, India
    • JAGUAR LAND ROVER AUTOMOTIVE PLC Subsidiary · Gaydon, United Kingdom
      • JAGUAR LAND ROVER LIMITED Subsidiary · Coventry, United Kingdom
    • JAGUAR LAND ROVER INDIA LIMITED Subsidiary · Mumbai, India
    • JAGUAR LAND ROVER TECHNOLOGY AND BUSINESS SERVICES INDIA PRIVATE LIMITED Subsidiary · Mumbai, India
    • TATA MOTORS BODY SOLUTIONS LIMITED Subsidiary · Mumbai, India
    • TATA MOTORS DESIGN TECH CENTRE PLC Subsidiary · Coventry, United Kingdom
    • TATA MOTORS DIGITAL.AI LABS LIMITED Subsidiary · Thane, India
    • TATA PASSENGER ELECTRIC MOBILITY LIMITED Subsidiary · Mumbai, India
    • TATA TECHNOLOGIES EUROPE LIMITED Subsidiary · Warwick, United Kingdom
      • TATA TECHNOLOGIES, INC. Subsidiary · Detroit, Michigan, United States
    • TML CV MOBILITY SOLUTIONS LIMITED Subsidiary · Mumbai, India
    • TML Holdings Pte. Ltd. Subsidiary · Singapore, Singapore

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Tata Motors Passenger Vehicles reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$9.3B6 Mar 31, 2023$10.4B15 Mar 31, 2022−10.5%
Operating-lease assets (leased space)$949.4M6 Mar 31, 2023$882.2M15 Mar 31, 2022+7.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.9B6 Mar 31, 2023$4.6B6 Mar 31, 2022−16.4%
Long-term investments$348.7M6 Mar 31, 2023$306.2M15 Mar 31, 2022+13.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$102.3M6 Mar 31, 2023$98.2M6 Mar 31, 2022+4.2%
Intangible assets, net (excluding goodwill)$6.5B6 Mar 31, 2023$7.2B15 Mar 31, 2022−10.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.0B6 Mar 31, 2023$4.7B15 Mar 31, 2022+6.7%
Raw materials$701.3M6 Mar 31, 2023$761.6M15 Mar 31, 2022−7.9%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by JRD Tata on Sep 1, 1945, in Mumbai.1

Tata Motors was founded in 1945, as a locomotive manufacturer. Tata Motors entered the passenger vehicle market in 1991 with the launch of the Tata Sierra, a multi utility vehicle. This was followed by the launch of the Tata Estate in 1992 (a stationwagon based on the existing TataMobile light commercial vehicle) and the Tata Sumo in 1994, India's first sports utility vehicle.

Tata launched the Indica in 1998, the first fully indigenous Indian passenger car. Although initially criticised by auto-analysts, its fuel economy, 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 introduced later. Tata Motors also exported the car to South Africa.

In 1999, Tata Motors entered talks to sell its struggling passenger car business, and Ford emerged as a potential buyer. However, after meeting Ford chairperson Bill Ford in Detroit, Ratan Tata decided not to sell the business.

Later in 2008, during the Great Recession, Ford verged on bankruptcy. Tata offered to buy their Jaguar Land Rover (JLR) for $2.3 billion. Bill Ford reportedly thanked Tata by saying "You are doing us a big favour by buying JLR."

In January 2008, Tata Motors launched Tata Nano, the least expensive production car in the world at about ₹120,000 (US$3,000). The city car was unveiled during the Auto Expo 2008 exhibition in Pragati Maidan, New Delhi.

Tata faced controversy over developing the Nano, as environmentalists like Anumita Roychoudhury of the Centre for Science and Environment in Delhi and Rajendra K. Pachauri, the chairperson of the Intergovernmental Panel on Climate Change (IPCC), raised concerns over the launch of such a low-priced car which could lead to mass motorization in India, leading to an increase in pollution and accelerate climate change. Tata had set up a factory in Sanand, Gujarat, and the first Nanos were rolled out in the summer of 2009.

At the 12th Auto Expo in February 2014, Tata Motors unveiled The Bolt, a hatchback and The Zest, a compact sedan.

In 2015, Tata Motors Cars entered the Southeast Asian market by expanding into Vietnam and the Philippines.

Read the full text

Tata Motors increased its utility vehicle market share to over 8% in FY2019.

On 12 October 2021, private equity firm TPG invested $1 billion in Tata Motors' electric vehicle subsidiary.

In May 2022, Tata Motors acquired Ford India's Sanand manufacturing plant.

In 2024, Tata Motors announced the demerger of its commercial vehicles business. The demerger was completed in October 2025.

In August 2026, Tata Motors Passenger Vehicles announced Tata.Cars as the new consumer-facing identity for its business, being used on dealerships, service centres, digital platforms and advertising, though the company would still legally be called Tata Motors Passenger Vehicles.

From Wikipedia’s article on Tata Motors Passenger Vehicles, shared under CC BY-SA 4.0.9

Leadership

Who has led Tata Motors Passenger Vehicles, and when. Pick a name to see everywhere that person has worked.

197019801990200020102020

Products and brands

  • car
  • passenger vehicle

Listed on Wikidata.1

Operations

Tata Motors Passenger Vehicles makes products in the compact, midsize car, and utility vehicle segments. The company's manufacturing plants in India are in Pune (Maharashtra) and Sanand (Gujarat). Tata's dealership, sales, service, and spare parts network comprise over 3,500 touchpoints. Tata Motors has more than 250 dealerships in more than 195 cities across 27 states and four Union Territories of India. It has the third-largest sales and service network after Maruti Suzuki and Hyundai.

Tata also has franchisee/joint venture assembly operations in Kenya, Bangladesh, Ukraine, Russia, and Senegal. Tata has dealerships in 26 countries across 4 continents. 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, Spain, Poland, Romania, Turkey, Chile, South Africa, Oman, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, Bahrain, Iraq, Syria and Australia.

Jaguar Land Rover

Jaguar Land Rover (JLR) is a premium British automaker headquartered in Whitley, Coventry, United Kingdom, and has been a wholly owned subsidiary of Tata Motors since June 2008, when it acquired the two brands from the American Ford Motor Company. Its principal activity is the development, manufacture and sale of Jaguar luxury and sports cars and Land Rover premium four-wheel-drive vehicles.

JLR has two design centres and three assembly plants in the United Kingdom. Under Tata ownership, JLR has launched new vehicles including the Range Rover Evoque, Jaguar F-Type, the Jaguar XE, the Jaguar XJ (X351), the second-generation Range Rover Sport, and Jaguar XF, the fourth-generation Land Rover Discovery, Range Rover Velar and the Range Rover (L405).

Read the full text

JD Power, of the US, rates Land Rover and Jaguar as the two worst brands for initial quality.

The Jaguar F-Pace made Consumer Reports February 2019 list of the 10 Least Reliable Cars. The editors cited "electronics, drive system, power equipment, noises and leaks" as problematic aspects.

JLR was struggling by 2019 and Tata Motors wrote down its investment in JLR by $3.9 billion. Much of the financial problem was due to a 50% drop in sales in China during 2019, although the situation was improving. Still, Tata was open to considering a partnership with another company according to a statement in mid-October, as long as the partnership agreement would allow Tata to maintain control of the business. The company ruled out the possibility of a sale of JLR to another entity.

In July 2023, the Tata Group announced its plans to invest £4 billion to build an electric car battery factory in the UK, which will be one of the largest of its kind in Europe. The factory will be the first facility operated by the group's battery manufacturing subsidiary, Agratas, outside India. Located in Bridgwater, Somerset, the factory will supply future battery electric Jaguar and Land Rover models, with the potential to also supply other car manufacturers. Production at the new facility is due to start in 2026.

Electric vehicles

Tata Passenger Electric Mobility is a subsidiary which produces battery electric cars under the Tata.Cars brand.

Tata Motors unveiled electric versions of the Tata Indica passenger car powered by TM4 electric motors and inverters, and running on lithium batteries.

In 2008 Tata Motors' UK subsidiary, Tata Motors European Technical Centre, bought a 50.3% holding in electric vehicle technology firm Miljøbil Grenland/Innovasjon of Norway for US$1.93 million, and planned to launch the electric Indica hatchback in Europe the following year.

In December 2019, Tata Motors unveiled the Nexon EV, an SUV with a 30.2 kWh lithium-ion battery and a consistent range of 312 km on a single charge. It is also equipped with fast charging technology, which can charge the vehicle from 0% - 80% in 60 minutes.

Tata announced the Avinya brand of premium electric vehicles in November 2023, to be launched in 2026 using JLR's Electrified Modular Architecture. After a delay to 2027, in June 2026, Tata agreed to license a platform developed by Chinese automaker Chery for the Freelander 8 produced by Chery JLR, to be used in the brand's vehicles; Tata will assemble vehicles in a Panapakkam facility from Chinese knock-down kits made by Chery.

Tata Technologies

Tata Technologies Limited (TTL) is a 43%-owned subsidiary of Tata Motors which provides design, engineering, and business process outsourcing services to the automotive industry. It is headquartered in Pune's Hinjawadi business district and also has operations in London, Detroit and Thailand. Its clients include Ford, General Motors, Honda, and Toyota.

The British engineering and design services company Incat International, which specialises in engineering and design services and product lifecycle management in the automotive, aerospace, and engineering sectors, is a wholly owned subsidiary of TTL. It was acquired by TTL in August 2005 for ₹4 billion.

In 2017, TAL, a subsidiary of Tata Motors, manufactured India's first industrial articulated robot for micro, small, and medium enterprises.

Stellantis partnership

Fiat India Automobiles is an India-based joint venture between Tata and Stellantis (formerly Fiat, then FCA) which produces Jeep and Tata branded passenger cars, as well as engines and transmissions. Tata Motors has gained access to Fiat's diesel engine and transmission technology through the joint venture.

The two companies formerly also had a distribution joint venture through which Fiat products were sold in India through joint Tata-Fiat dealerships. This distribution arrangement was ended in March 2013; Stellantis cars have since been distributed in India by Stellantis India, a wholly owned subsidiary of Stellantis.

Tata Motors Design Tech Centre

The Tata Motors Design Tech Centre, formerly known as the Tata Motors European Technical Centre, is an automotive design, engineering, and research company based at WMG, University of Warwick on the campus of the University of Warwick in England. It was established in 2005.

In September 2013, it was announced that a new National Automotive Innovation Campus would be built at WMG at Warwick's main campus at a cost of £100 million. The initiative will be a partnership between Tata Motors, the university, and Jaguar Land Rover, with £30 million in funding coming from Tata Motors.

Products

Concept vehicles

2000 Aria Roadster

2001 Aria Coupe

2002 Tata Indica

2004 Tata Indigo Advent

2005 Tata Xover

2006 Tata Cliffrider

2007 Tata Elegante

2009 Tata Prima

2011 Tata Pixel

2012 Tata Megapixel

2014 Tata Nexon

2014 Tata Connectnext

2015 Tata Tamo Racemo

2018 Tata 45X Concept (Launched as Tata Altroz on 22 January 2020)

2018 Tata H5X Concept (Launched as Tata Harrier on 23 January 2019)

2019 Tata H7x (later known as Tata Gravitas and launched as Tata Safari on 15 Feb 2021)

2020 Tata HBX Concept (Launched as Tata Punch on 18 Oct 2021)

2020 Tata Altroz EV

2020 Tata Sierra EV (Expected to Launch in 2026)

2018 Tata E-Vision Electric

2022 Tata Curvv Electric

2022 Tata Avinya Electric (Expected to Launch In 2026-27)

2023 Tata Sierra.ev

2023 Tata Harrier.ev

From Wikipedia’s article on Tata Motors Passenger Vehicles, shared under CC BY-SA 4.0.9

Subsidiaries and ownership

Subsidiaries

Subsidiaries (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Acquisitions

  1. 2008Land Rover became a subsidiary1

Employees over time

  • 201427,9481

Former names

  • TATA ENGINEERING & LOCOMOTIVE CO LTD /FIMar 1, 2002 to Oct 30, 20038

Timeline

  1. Sep 1, 1945Founded Founded in Mumbai1

Filings

217 filings to the SEC since October 2021: 2 annual reports, 215 other. The latest 20:

  1. Jan 24, 2024EFFECT EDGAR
  2. Jan 24, 202415F-12B EDGAR
  3. Jan 24, 20246-K EDGAR
  4. Jan 24, 2024POS AM EDGAR
  5. Jan 18, 20246-K EDGAR
  6. Jan 16, 20246-K EDGAR
  7. Jan 9, 20246-K EDGAR
  8. Jan 8, 20246-K EDGAR
  9. Jan 5, 20246-K EDGAR
  10. Jan 2, 20246-K EDGAR
  11. Dec 22, 20236-K EDGAR
  12. Dec 14, 20236-K EDGAR
  13. Dec 14, 20236-K EDGAR
  14. Dec 12, 20236-K EDGAR
  15. Dec 8, 20236-K EDGAR
  16. Dec 1, 20236-K EDGAR
  17. Nov 29, 20236-K EDGAR
  18. Nov 15, 20236-K EDGAR
  19. Nov 13, 20236-K EDGAR
  20. Nov 13, 20236-K EDGAR

The 217 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Tata Motors Passenger Vehicles is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTATA MOTORS LTD/FI2
  • CIK0000926042
  • Filer statusLarge accelerated filer2
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address24 Homi Mody St, Hutatma Chowk, K7 4000012
  • On EDGAR sinceMar 1, 20022
  • Filings1,404 in all: 6-K (1,245), SUPPL (44), 20-F (19), UPLOAD (19), SC 13G/A (18), CORRESP (15), SD (10), SC 13G (6)2
    All 26 form types

    ARS (5), 20-F/A (3), NT 20-F (3), 6-K/A (2), F-6EF (2), 15F-12B (1), 20FR12B (1), 25 (1), 424B3 (1), 424B5 (1), CERTNYS (1), EFFECT (1), F-3ASR (1), F-6 (1), F-6 POS (1), POS AM (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (20-F) Jun 12, 2023