Tata Motors Passenger Vehicles
TMPV.BO
Bombay Stock Exchange346.95
INR
+2.80
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Tata Motors Passenger Vehicles
TMPV.BO
(Bombay Stock Exchange)
Recent
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346.95
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ROIC.AI
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- Business
- Tata Motors Passenger Vehicles Ltd (TMPV.BO) ranks as the third largest car manufacturer in India's passenger vehicle sector; the company designs, manufactures and sells a diverse portfolio of passenger cars, SUVs and electric vehicles featuring trendsetting designs, cutting-edge technology, advanced safety features and multiple fuel options including internal combustion engines, CNG and battery electric powertrains; core product lines encompass models such as Curvv, Nexon iCNG, Tiago, Tigor 2025, Harrier, Safari Stealth, Altroz and Punch, with electric offerings powered by proprietary Ziptron technology through subsidiary Tata Passenger Electric Mobility Ltd (TPEM), which targets investments of $2 billion by 2026 for 10 new EVs, dedicated BEV architecture, local component manufacturing and charging infrastructure development; the company also includes Jaguar Land Rover (JLR), producing luxury brands like Range Rover, Defender, Discovery and Jaguar with a focus on electrification including next-generation EVs and sustainable materials. Tata Motors Passenger Vehicles Ltd operates primarily in India with manufacturing facilities in Pune, Jamshedpur, Lucknow, Pantnagar and Dharwad, alongside JLR plants in the United Kingdom and international presence spanning Europe, North America, China, South Korea, Thailand, South Africa and Indonesia; founded in 1945 as part of the Tata Group and headquartered in Mumbai, India, the entity consolidates passenger and electric mobility solutions following the demerger of commercial vehicles business into TML Commercial Vehicles Limited effective October 1, 2025, pursuant to the Composite Scheme of Arrangement approved by the National Company Law Tribunal. Recent developments include the September 2025 leadership appointments of Shailesh Chandra as head of passenger vehicles and Girish Wagh for commercial vehicles ahead of demerger completion; the parent Tata Motors announced a $4.45 billion acquisition of Iveco's truck and bus business in July 2025 to bolster commercial capabilities, with TMPV focusing on EV expansion, autonomous technology and R&D; additional highlights encompass a 35% reduction in Lost Time Injury Frequency Rate, onboarding of 141 persons with disabilities in manufacturing roles, 11.1% female workforce share with over 5,200 women shopfloor technicians, JLR's £500 million investment in Halewood for EVs, launch of Jaguar Type 00 design concept exceeding one billion views, and Range Rover Electric with a 60,000+ waiting list.