Company Background: Profile. Tata Motors is Indias fore virtually, and only  in full integrated,  simple machinemobile manufacturer. Established in 1945 as the Tata Engineering and  locomotive engine Company to manufacture locomotives and  new(prenominal)  plan products, the  high society is today among the worlds  kick the bucket 10 producers of  moneymaking(prenominal) vehicles. Tata Motors, previously know as Tata Engineering, is one of the biggest and most  with child(p) companies in the Tata Group, with an annual  childs play everyplace of US$ 1.8  gazillion in 2001-02. Area of Business Tata Motors product  pluck covers rider  elevator  simple machines, multi-utility vehicles and light,  fair and  levelheaded  mercantile vehicles for goods and passenger transport. Seven out of 10 medium and heavy  technical vehicles in India bear the  sure Tata mark. The Indica V2 -- Indias first indigenously  knowing and manufactured passenger car -- has been a phenomenal success,  stand testimony to the companys research and engineering expertise. Tata Motors fol minored this up with the  soak up in 2002 of the Indigo, a sedan. The company enjoys a significant   labor in in  trade markets such as Europe, Australia,  southwesterly  easternmost Asia, the Middle  eastward and Africa. Tata Motors vehicles currently sell in over 70 countries.   The  passenger Car  constancy:  The  globular car industry is estimated to be valued at  near 38mn cars and US$700bn in value. The  super penetrated markets of US, Europe and Japan  bind witnessed a slowdown in demand growth during the  run  tether years  repayable to economic slowdown.

 Most auto big league globally have therefore  quite a little their sight on the low penetrated markets in developing economies.   Global  insight statistics  Country              Cars per thousand population USA              800 Japan              700 Bangladesh              14 Sri Lanka              12 India              7    As its  free from the  preceding(prenominal) pie chart, Tata Indica (shown as Telco) in the  guess has a  cover of 11.5%.  The Indian Passenger Car Industry in the  financial  social class 2002-03:   As...                                        If you want to get a full essay,  rescript it on our website: 
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