es as a preferred financing provider for the company’s dealer’s customers by capturing customer spending through the vehicle life-cycle relating to vehicles sold by the company. In India, TMFL is registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Taking Non-Banking Financial Company and is classified as an Asset Finance Company under the RBI’s regulations on Non-Banking Financial Companies. The company’s wholly-owned subsidiary, Tata Motors Insurance Broking and Advisory Services Limited (TMIBASL), is a licensed Direct General Insurance Broker for the Indian market. It provides insurance solutions in retail segment with special focus on the automobile sector. TMIBASL offers services to various original equipment manufacturers in the passenger vehicle, commercial and construction equipment segments, including the company. Research and Development For the fiscal year ended March 31, 2016, the company’s research and product development costs included Rs.34,688 million. Intellectual Property The company owns various patents and has applied for new patents which are pending for grant in India, as well as in other countries. It has also filed various patent applications outside India under the Patent Cooperation Treaty. The company owns registrations for various trademarks and has pending applications for registration of these in India, as well as other countries. It uses the Tata brand, which has been licensed to it by Tata Sons. As part of its acquisition of TDCV, the company has rights to the perpetual and exclusive use of the Daewoo brand and trademarks in South Korea and overseas markets for the product range of TDCV. Suppliers The company’s associate company, Tata AutoComp Systems Ltd. (TACO), manufactures automotive components and encourages the entry of internationally acclaimed automotive component manufacturers into India by setting up joint ventures with them. The company’s other suppliers include Indian automotive supplier groups with multiple product offerings, such as the Anand Group, the Sona Group, and the TVS Group, as well as large multinational suppliers, such as Bosch, Continental, Delphi and Denso, Johnson Controls Limited for seats and Yazaki AutoComp Limited for wiring harnesses. Strategy The company has pursued the strategy of increasing its presence in the global automotive markets and enhancing its product range and capability through strategic acquisitions and alliances. The key elements of the company’s strategy are to focus on new product development; leverage its capabilities; focus on high quality and enhancing customer satisfaction; invest in products and technologies that position its products ahead of expected stricter environmental regulations and ensure that it benefits from a shift in consumer awareness of the environmental impact of the vehicles consumers drive; strengthen its operations through gaining market share across different segments, and offer a range of products in diverse geographies; expand its international business; enhance capabilities through the adoption of superior processes; expand customer financing activities; invest in technology and technical skills; and leverage brand equity. History The company was founded in 1945. It was incorporated in 1945 as a public limited liability company under the Indian Companies Act VII of 1913. The company was formerly known as Tata Locomotive and Engineering Company Limited and changed its name to Tata Engineering and Locomotive Company Limited in 1960. Further, the company changed its name to Tata Motors Limited in 2003.
tata motors ltd (TTMT:Natl India)
24, Homi Mody Street
Phone: 91 22 6665 8282
Fax: 91 22 6665 7799www.tatamotors.com
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