Tata Motors Limited

Tata Motors Limited

TTM
Tata Motors LimitedUS flagNew York Stock Exchange
25.14
USD
+0.26
- -
Tata Motors Limited
TTM
(New York Stock Exchange)

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25.14

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Business
Tata Motors Limited (TTM), also known as TML Commercial Vehicles Limited, manufactures commercial vehicles including trucks, vans, buses, and related components; it operates as an Indian multinational and a core company of the Tata Group, headquartered in Mumbai, India, with founding roots in 1945 as Tata Engineering and Locomotive Company. The company produces a diverse portfolio of commercial vehicles such as the Tata Ace series (including Ace EV, Super Ace, and Ace Mega), Intra range (V10, V20, V30, V50), Yodha, Prima, SIGNA, Ultra series, Starbus, and heavy-duty models like 407, 709, 1518C, 2518C, 4018, and 4923; it also offers defense vehicles, construction equipment, and electric commercial vehicles, supported by subsidiaries like Tata Daewoo in South Korea and joint ventures including Tata Hitachi Construction Machinery. Tata Motors maintains assembly operations and dealerships across India, the United Kingdom, South Korea, Thailand, South Africa, Spain, Indonesia, and more than 125 countries in regions such as Africa, the Middle East, South Asia, Southeast Asia, Latin America, Australia, and Europe, with manufacturing facilities in key Indian locations including Jamshedpur, Pune, Lucknow, Pantnagar, Dharwad, and Sanand. In 2025, Tata Motors completed a major demerger of its commercial vehicles business, with the demerged entity renamed Tata Motors Limited (formerly TML Commercial Vehicles) focusing on trucks, buses, and vans, while the passenger vehicles entity was renamed Tata Motors Passenger Vehicles; this restructuring enhances operational focus and was announced in March 2024 to improve efficiencies and attract targeted investors. The company executed a landmark $4.5 billion acquisition of Iveco's truck and bus division in 2025, planning to raise approximately 1 billion euros in equity to refinance the deal, tripling its commercial vehicle revenues to around 22 billion euros with expanded access to Europe and Latin America markets and synergies in powertrain, electrification, and frugal engineering. Additional recent developments include openness to new partnerships in products, technology, and global markets as stated by leadership, alongside ongoing expansions in electric vehicles such as the Harrier EV and Sierra, and maintenance of joint ventures like those with Stellantis for engines and Hyundai for transmissions.

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