Tata Motors
Tata Passenger Electric Mobility (TPEM) is the electric vehicle subsidiary of Tata Motors. Tata is India's largest multinational car manufacturer, having acquired Daewoo Commercial Vehicles Company, Jaguar Land Rover and other international car companies. TPEM will invest US$2B in EV development in 5 years and will develop 10 EV models in 2026. Tata announced the acquisition of the Ford India's plant in Aug 2022 to acquire 300,000 annual production capacity. Tata Group will continues to assist TPEM in charging, car purchase financing, battery recycling, ADAS, and EV data platform by following the UniEVerse concept.
Business Info
IndustryAutomotive Manufacturing
Place of ResidenceIndia
Market Cap - End of 2022 ($M) 16,845
2021 Revenue ($M)38,606
Rank of 2021 Revenue22
2021 Profit ($M)-2,448
Rank of 2021 Profit100