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Home Company Profiles

Tata Motors Limited | JAGUAR LAND ROVER | Subsidiaries

Raveendran R by Raveendran R
May 25, 2025
in Company Profiles
Reading Time: 14 mins read
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Tata Motors is a Part of the Tata group was established in 1945 and it has many Tata Motors subsidiaries. A leading global automobile manufacturer, the Company remains committed to ‘Connecting Aspirations’ by offering innovative mobility solutions.

Tata Motors ltd

Tata Motors is one of the leading automobile manufacturers in the world, providing mobility solutions to over 175 countries. The portfolio includes a wide range of cars, utility vehicles, trucks, and buses.

Tata Motors Limited is one of the leading global automobile manufacturers with operations in over 100 countries. With more than 85,000 employees, the company offers a diverse product portfolio including cars, utility vehicles, buses, trucks, defense and construction vehicles, and electric vehicles. Its market cap stood at $29 billion as of March 31, 2025.

Tata Motors is a subsidiary of the Tata Group, India’s most respected business conglomerate. The company operates through three key business verticals:

  • Tata Commercial Vehicles (Tata CV)
  • Tata Passenger Vehicles (Tata PV & Tata EV)
  • Jaguar Land Rover (JLR)

Founded in 1945 as Tata Engineering and Locomotive Company (TELCO), Tata Motors began by manufacturing locomotives. In 1954, it entered commercial vehicle manufacturing in partnership with Daimler-Benz. In the decades that followed, the company revolutionized the Indian auto landscape.

Key Milestones

  • 1991: Launched Tata Sierra, India’s first SUV
  • 1998: Tata Indica – First fully indigenous passenger car
  • 2004: Acquired Daewoo Commercial Vehicle Company
  • 2008: Acquired Jaguar Land Rover from Ford
  • 2018: Reorganized business units (CV and PV)
  • 2020: Launched Tata Passenger Electric Mobility (TPEML)
  • 2025: Company celebrates its 80th anniversary and announces strategic demerger

Tata Motors CEO

Mr. Guenter Butschek CEO and Managing Director Mr. Butschek has over 25 years’ global experience in international automotive management. Besides Daimler AG, he has worked in the Airbus Group as its Chief Operating Officer and a member of the Group Executive Committee.

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He is a graduate in Business Administration and Economics with a Diploma from the University of Cooperative Education, Stuttgart.

Tata Motors Owner

Mr. Ratan N. Tata Chairman Emeritus Mr. Tata was the Chairman of Tata Sons Private Limited from 1991 till his retirement in December 2012.

He also chaired the Boards of major operating Tata companies and the Tata Trusts. Under his stewardship, various group restructuring initiatives were undertaken to leverage global opportunities for the Tata group, the salt-to-software conglomerate, growing revenues and profitability by over 40 times.

He was on the Company’s Board for more than three decades from 1981 till his retirement and was Chairman during the last 24 years.

He is the Chairman of the Tata Trusts, which are among India’s oldest, non-sectarian philanthropic organizations that work in several areas of community development. He also chairs the Council of Management of Tata Institute of Fundamental Research and is a trustee of Cornell University and the University of Southern California.

Year (₹ Cr)Mar-19Mar-20Mar-21Mar-22Mar-23
Equity59,50061,49154,48143,79544,556
Debt1,06,1751,24,7881,42,1311,46,4491,34,113
Capital1,65,6751,86,2791,96,6121,90,2441,78,669
Cash from Operation18,89126,63329,00114,28335,388
Cash ROCE11%14%15%8%20%
Tata Motors Financials

Market share Tata Motors Company

  • Passenger Vehicles: 6.3%
  • Commercial Vehicle: 45.1%

TML is the leader in India’s CV market with a market share of 45.1% and sales of 4,68,788 vehicles in FY 2018-19 and has gained market share in the Medium and Heavy Commercial Vehicle (MHCV), Intermediate Light Commercial Vehicle (ILCV) and Small Commercial Vehicle (SCV) segments. TML’s market share in the PV segment increased by 60bps to 6.3% in FY 2018-19.

JAGUAR LAND ROVER

JAGUAR LAND ROVER Jaguar Land Rover brings together two iconic British brands with a long and illustrious legacy into a single company. It became part of the Tata group in 2008.

JAGUAR LAND ROVER JLR is Britain’s largest automobile manufacturer, housing two iconic British brands under the Tata group. Jaguar’s heritage of elegant design, innovative engineering and groundbreaking technology has excited and delighted the world for over 80 years.

Land Rover is the world’s favorite Sport Utility Vehicle (SUV) brand. Its pioneering spirit and industry-leading expertise in all-terrain technologies put Land Rover at the forefront of future mobility. JLR has two major design and engineering sites, three-vehicle manufacturing facilities, and an engine manufacturing centre in the UK.

It also has plants in China, Slovakia, Austria, Brazil and India, with a new Battery Assembly Centre to be opened in the UK in 2020. JLR represents a compelling combination of British design and engineering integrity. It designs, develops, manufactures and sells Jaguar premium sports saloons, sports cars, luxury performance SUVs and Land Rover premium all-terrain vehicles.

JAGUAR LAND ROVER CEO

Prof Dr. Ralf Speth Non-Executive Director Prof Dr. Speth is on the Board of Jaguar Land Rover Automotive plc, UK, and is its CEO. With an experience of 20 years at BMW, he served as the Director of Production, Quality and Product Planning at Ford Motor Company’s Premier Automotive Group.

He holds a doctoral degree in Mechanical Engineering and Business Administration from Warwick University and an Engineering degree from Rosenheim University, Germany.

Tata Motors Finance Limited

Tata Motors Finance Limited (TMFL) and Tata Motor Finance Solutions Limited (TMFSL) are Non-Banking Financial Companies (NBFCs). They are subsidiaries of TMF Holdings Limited (TMFHL). TMFHL is a 100% subsidiary of TML and a core investment company (CIC).

TMF Holdings Limited (TMFHL) became the holding company for the financial services business under the TML umbrella. Tata Motors Finance Limited (TMFL) undertakes the new vehicle financing business and is the captive financier for TML’s vehicles.

On the other hand, Tata Motors Finance Solutions Limited (TMFSL) is engaged in used vehicle financing business that has strong operational linkages with TML’s pre-owned vehicles.

TMFSL is also actively engaged in corporate lending wherein it provides both short-term and long-term financing to dealers and suppliers of TML. Tata Motors Finance focuses on two major segments of vehicle financing: new vehicles and used vehicles.

Leveraging the familiarity with the Tata Motors ecosystem, Tata Motors Finance is in a position to mitigate any risks effectively and enjoys 26% market share in Tata Motors’ volumes.

Tata Hitachi

Tata Hitachi is a subsidiary company of Hitachi Construction Machinery Co. Ltd., which holds a 60% share and Tata Motors Company holding 40%. Tata Hitachi Construction Machinery Company Private Limited, the leader in construction equipment in India, enhances the operational performance of its customers, leading to improved profitability and competitiveness by offering constructive solutions.

Tata Hitachi is focused on capitalizing the opportunity in the domestic arena for which the key market segments are excavators, wheeled products, cranes and others. 

Tata Motors Commercial Vehicle

Tata Daewoo Commercial Vehicle Company Limited (TDCV) TDCV is one of South Korea’s most reputed truck makers. Today, it exports its vehicles to more than 40 countries.

Tata Technologies Limited (TTL) A leading company in engineering services outsourcing and product development Information Technology (IT) services, TTL is a company of innovators and specialists in the design engineering space, who apply cutting-edge technologies to provide a competitive advantage to customers in the manufacturing sector. The company is headquartered in Pune.

Products

PV business unit ranks 2nd in the JD Power 2018 India Customer Service Index (Mass Market) study. This is a testimony to Tata Motors’ endeavor to offer customers a seamless after-sales experience.

Tata Nexon became the first and only car in India to achieve a full ‘5 stars’ adult safety rating from GNCAP, an internationally renowned safety accreditation body. With this achievement, Nexon has put India on the global map.

Tata Motors Subsidiaries

The Company has a strong global network of 134 Tata Motors subsidiaries, associate companies and joint ventures, including the Jaguar Land Rover in the UK and the Tata Daewoo in South Korea.

TML offers automotive products, ranging from sub-one-tonne to 49-tonne Gross Vehicle Weight (GVW) trucks, small, medium, and large buses and coaches and passenger vehicles.

The Following are the Main Tata Motors Subsidiaries

Concorde Motors India Ltd. (CMIL) is a fully-owned subsidiary of the company. A pioneer in professionalizing the automobile retail business in the country, CMIL is a one-stop-shop for the complete range of Tata Motors’ passenger vehicles, sales, service, and spare parts.

Jaguar Land Rover brings together two prestigious British car brands. Tata Motors acquired the brands from Ford in 2008, merging them into a single company in 2013. One of the world’s leading premium car brands, Jaguar Land Rover presents the future of sustainable mobility.

Tata Motors European Technical Centre PLC (TMETC) Based in Coventry, UK, Tata Motors European Technical Centre PLC (TMETC) is a wholly-owned subsidiary of Tata Motors. As a center of excellence for automotive design and engineering, TMETC is an active partner in a number of collaborative projects in low carbon technology, and electric and hybrid vehicle technology for future passenger and light commercial vehicles.

Tata Motors Insurance Broking and Advisory Services Limited A wholly-owned subsidiary of Tata Motors, TMIBASL provides end-to-end insurance solutions in the retail sector with a focus on the automobile sector. TMIBASL offers services to various OEMs in the passenger vehicle, commercial and construction equipment markets, including to us.

TMF Holdings Limited – a wholly-owned subsidiary of the Company, is the vehicle financing arm under the brand “TMF Holdings Limited”.

Tata Motors Company Distribution Company Limited (TDCL)  wholly-owned subsidiary, was incorporated on March 28, 2008. TDCL provides distribution and logistics support for distribution of our products throughout India.

TRILIX Srl Trilix Srl, founded in 2006, is a mid-sized commercial art and graphic design company, located in Nichelino, Italy.

Tata Technologies Limited A global leader in engineering services outsourcing and product development IT services to the global manufacturing industries, Tata Technologies is a company of innovators, specialists in the design engineering space, who apply cutting-edge technologies to provide a competitive advantage to customers in the manufacturing sector. The company is headquartered in Singapore.

Tata Marcopolo Motors Limited (TMML)  is a 51:49 joint venture company of Tata Motors Ltd. (TML) India and Marcopolo S.A. Brazil for the manufacturing of buses in India.

TML Holdings Pte. Limited is a 100% subsidiary of Tata Motors with effect from 2008.

Tata Daewoo Commercial Vehicle Company Limited Since its inception in 2004, Tata Daewoo Commercial Vehicle has established a solid foothold in the industry as one of the nation’s most reputed truck makers.

Today, it exports its products to more than 60 countries. Tata Daewoo has worked with Tata Motors, its parent company to develop a medium and long-term plan to grow into a global market leader.

Top 10 Automobile Companies in India

KEY JOINT VENTURES (JVS) AND PARTNERSHIPS

JT Special Vehicles A 50:50 JV between Tata Motors and Coimbatore-based Jayem Automotives aims to bring back the ‘joy of motoring’ in the daily commute.

Marcopolo A 51:49 JV between Tata Motors and Marcopolo S.A., Brazil, for manufacturing buses in India.

Fiat An industrial JV between Tata Motors and Fiat Group Automobiles to manufacture passenger cars, engines and transmissions for the Indian and overseas markets.

Cummins A 50:50 JV between Tata Motors and Cummins Inc., USA, for the design and manufacture of diesel engines.

Chery A 50:50 JV between Chery Automobile Co Ltd. and JLR to manufacture certain Jaguar and Land Rover models including powertrains.

Waymo A long-term strategic partnership to develop the world’s first premium self-driving Electric Vehicle (EV) for Waymo’s driverless transportation service.

BMW A collaboration between Jaguar Land Rover and BMW Group to develop next-generation Electric Drive Units (EDUs) in a move that will support the advancement of electrification technologies.

Top 10 Car Manufacturing Companies in India

List of Tata Motors Subsidiaries

So Here is the full list of Tata Motors subsidiaries

1 Concorde Motors (India) Limited62 Jaguar Land Rover Singapore Pte Ltd
2 Tata Motors European Technical Centre PLC63 Jaguar Racing Limited
3 Tata Motors Insurance Broking and Advisory Services Limited64 InMotion Ventures Limited
4 TML Holdings Pte Ltd65 Jaguar Land Rover Colombia S.A.S
5 TML Distribution Company Limited66 Jaguar Land Rover Ireland (Services) Limited
6 Tata Hispano Motors Carrocera S.A.67 Jaguar Land Rover Taiwan Company Limited
7 Tata Hispano Motors Carrocerries Maghreb SA68 Jaguar Land Rover Servicios Mexcio S.A. de C.V.
8 TMF Holdings Limited69 Jaguar Land Rover Mexico S.A.P.I de CV
9 Trilix S.r.l70 Jaguar Land Rover Hungary KFT 
10 Tata Precision Industries Pte Ltd71 Jaguar Land Rover Classic USA LLC
11 Tata Technologies Limited72 Shanghai Jaguar Land Rover Automotive Services Company Limited
12 Tata Marcopolo Motors Limited73 Tata Technologies Inc
13 Tata Daewoo Commercial Vehicle Company Limited74 Escenda Engineering AB
14 Tata Motors (Thailand) Ltd75 Spark 44 (Pty) Ltd (Sydney, Australia)
15 Tata Motors (SA)(Proprietary) Ltd76 Spark 44 GmbH (Frankfurt, Germany)
16 PT Tata Motors Indonesia77 Spark 44 LLC (LA & NYC, USA)
17 Jaguar Land Rover Automotive Plc78 Spark 44 Limited (Shanghai, China)
18 TMNL Motor Services Nigeria Limited79 Spark 44 DMCC (Dubai, UAE)
19 Tata Technologies Pte Limited80 Spark 44 Demand Creation Partners Private Limited (Mumbai, India)
20 Tata Motors Finance Solutions Limited81 Spark 44 Limited (London & Birmingham, UK)
21 Tata Motors Finance Limited82 Spark 44 Pte Ltd (Singapore)
22 Tata Daewoo Commercial Vehicle Sales and Distribution Company Limited83 Spark 44 Communications SL (Madrid, Spain)
23 PT Tata Motors Distribusi Indonesia84 Spark 44 S.r.l (Rome, Italy)
24 Jaguar Land Rover Holdings Limited85 Spark 44 Limited (Seoul, South Korea)
25 Tata Technologies (Thailand) Limited86 Spark 44 K.K. (Tokyo, Japan)
26 Tata Manufacturing Technologies (Shanghai) Co. Ltd87 Spark 44 Canada Inc (Toronto)
27 INCAT International Plc88 Spark 44 Pty. Limtied (South Africa)
28 Jaguar Land Rover Limited89 Spark 44 Colombia S.A.S (Colombia)
29 Jaguar Land Rover (China) Investment Company Limited90 Spark 44 Taiwan Limited (Taiwan) (Incorporated w.e.f. May 7, 2018)
30 Limited Liability Company “Jaguar Land Rover” (Russia)91 Jaguar Land Rover (South Africa) (Pty) Limited
31 INCAT GmbH92 InMotion Ventures 1 Limited
33 JLR Nominee Company Limited93 InMotion Ventures 2 Limited
34 Jaguar Cars South Africa (Pty) Limited94 InMotion Ventures 3 Limited
35 Jaguar Cars Limited95 InMotion Venrures 4 Limited (Incorporated w.e.f. January 4, 2019)
36 Land Rover Exports Limited96 Tata Technologies SRL Romania
37 Land Rover Ireland Limited97 Tata Technologies de Mexico
38 The Diamler Motor Company Limited98 Cambric GmbH
39 Diamler Transport Vehicles Limited99 Cambric Limited
40 S.S Cars Limited100 TAL Manufacturing Solutions Limited
41 The Lanchester Motor Company Limited101 TML Drivelines Limited
42 Jaguar Land Rover Pension Trustees Limited102 The Jaguar Collection Limited
43 Spark 44 (JV) Limited
44 Jaguar Land Rover Austria GmbHAssociates Subsidiaries 
45 Jaguar Land Rover Japan Limited
46 Jaguar Land Rover Deutschland GmbH103 Automobile Corporation of Goa Limited
47 Jaguar Land Rover Classic Deutschland GmbH104 Nita Company Limited
48 Jaguar Land Rover North America LLC105 Tata Hitachi Construction Machinery Company Private Limited
49 Jaguar Land Rover Nederland BV106 Tata Precision Industries (India) Limited
50 Jaguar Land Rover Portugal – Veiculose Pecas, Lda107 Tata AutoComp Systems Limited
51 Jaguar Land Rover Australia Pty Ltd108 Jaguar Cars Finance Limited
52 Jaguar Land Rover Italia SpA109 Cloud Car Inc
53 Jaguar Land Rover Korea Company Limited110 Synaptiv Limited
54 Jaguar Land Rover Canada ULC111 DriveClubService Pte Ltd
55 Jaguar Land Rover France, SAS112 Loginomic Tech Solutions Private Limited 
56 Jaguar Land Rover India Limited113 Tata Cummins Private Limited
57 Jaguar e Land Rover Brasil Industria e Comercio de Veiculos LTDA114 Fiat India Automobiles Private Limited
58 Jaguar Land Rover (South Africa) Holdings Limited115 Chery Jaguar Land Rover Automotive Company Limited
59 Jaguar Land Rover Espana SL116 Chery Jaguar Land Rover Auto Sales Company Limited
60 Jaguar Land Rover Belux N.V.117 JT Special Vehicles Private Limited
61 Jaguar Land Rover Slovakia s.r.o118 Tata HAL Technologies Limited

Top 10 Automobile Companies in the World

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Raveendran R

Raveendran R

Editor @ Indiancompaies.in

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