Contribution of TATA Motors to Indian Economy

Abstract

The automobile industry is one of the key drivers that boost the economic growth of the country. Since the de-licensing of the sector in 1991 and the subsequent opening up of 100 percent FDI through automatic route, Indian automobile sector has come a long way. Today, almost every global auto major has set up facilities in the country. Tata Motors is the largest automobile manufacturing company in the world by volume, with presence across a range of passenger cars and Commercial Vehicles (CV). It is the market leader in terms of volumes in CV Segment (including, Light Commercial Vehicle, Medium&Heavy Commercial Vehicles segments) and enjoys a market share of ~ 58% in the CV segment which has grown consistently over the last few years. This paper gives an overview of Indian automobile industry and the contribution of Tata motors. This paper also explains the strategic position of Tata Motors in Indian economy.