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Tata Sierra (1991-2000) Tata Sumo (1994–2019). Tata Motors was founded in 1945, as a locomotive manufacturer. Tata Group entered the commercial vehicle sector in 1954 after forming a joint venture with Mercedes-Benz of Germany in which Tata developed a manufacturing facility in Jamshedpur for Daimler lorries. [10]
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.
In 2001, the government divested 51 percent of CMC's equity to Tata Sons Ltd, through a strategic sale, and CMC became a part of the Tata group. In 2003, in line with its strategy of offering its products and services globally, CMC opened a branch office in Dubai to tap the hitherto unexplored markets of West Asia and Africa.
Ratan Tata, the former chairman of Indian conglomerate Tata Group, has died at the age of 86, according to a statement from the firm.
During this time, Tata Group began to acquire several companies. Tata Group bought Tetley In February 2000. After that, it acquired Corus Group in 2007. The next year, the company's subsidiary Tata Motors launched the Tata Nano, presenting it as "the world’s most affordable car," and acquired Jaguar and Land Rover from Ford Motor Company. [12]
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A representative for Tata, one of the world's biggest conglomerates with a revenue of $165 billion in 2023-24, did not immediately respond to a request for an update on his condition on Wednesday.
Tata Sons Pvt. Ltd. is the holding company of the Tata Group, headquartered in Mumbai.It owns the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants, and derives its revenue from dividends from these companies and brand loyalty fees.