Tata Motors was founded in 1945 as Tata Engineering and Locomotive Company (TELCO) and began making trucks in 1954 through a collaboration with Daimler-Benz. After that tie-up ended in 1969, it sold trucks under its own name and became the backbone of Indian road freight.
From conglomerate to focused truck maker
Over the following decades the company added passenger cars (the Indica in 1998 and the Nano in 2008), Daewoo's South Korean truck business in 2004 and Jaguar Land Rover in 2008. In October 2025 a demerger split the group: passenger vehicles, EVs and JLR went to Tata Motors Passenger Vehicles, and the listed Tata Motors Limited became a pure commercial-vehicle company.
The business today
Led by MD and CEO Girish Wagh, Tata Motors reported FY2026 revenue of ~$9.73B (₹83,855 Cr) and profit of ~$351M (₹3,030 Cr) on about 428,000 vehicles. In Q1 FY2027 revenue rose about 20% to ~$2.39B (₹20,576 Cr), and it held 36.8% of Indian commercial-vehicle registrations.
The Iveco bet
In September 2026 Tata Motors launched an all-cash offer of €14.10 per share for Italy's Iveco Group, valuing it at about $4.32 billion (€3.82 billion). If completed, the deal would give Tata a large European truck and bus business and more than one million annual vehicle sales.
