ACOOUNTANCY PROJECT DRAFT – TATA MOTORS

Basic Introduction of Tata Motors –

History and background -
Tata Motors Limited (TML), a $42 billion organisation, is India’s largest
automobile company and is a leading global manufacturer of cars, utility
vehicles, buses, trucks and defence vehicles. Incorporated in India in the year
1945, Tata Motors is a part of the over $100 billion Tata Group founded by
Jamsetji Tata in 1868. Recognised for its world-class quality, originality,
engineering and design excellence, the Company is on the path of shaping the
future of mobility in India. Sustainability and the spirit of ‘giving back to
society’ is our guiding philosophy and good corporate citizenship is strongly
embedded in our DNA. With a large global footprint, the Company has
consolidated its position as the Tata Motors Group through mergers and
acquisitions. It has a network of 76 subsidiaries in India and internationally,
which provide a host of engineering and automotive solutions.
Tata Motors has a remarkable portfolio of both passenger and commercial
vehicles and have been leading India’s commercial vehicles space for several
years. The Company operates six principal automotive manufacturing facilities
in India: at Jamshedpur in the state of Jharkhand, at Pune in the state of
Maharashtra, at Lucknow in the state of Uttar Pradesh, at Pantnagar in the state
of Uttarakhand, at Sanand in the state of Gujarat and at Dharwad in the state of
Karnataka. Tata Motor’s Operating Philosophy is reflected in its Vision,
Mission and Values.

Objectives-
By the year 2024, Tata motors Vision and mission is going to become the most
aspirational Indian auto brand, consistently winning, by

– Delivering superior financial returns

– Driving sustainable mobility solutions

– Exceeding customer expectations, and

– Creating a highly engaged workforce

– Components of Vision statement ->Concise

– Encompassing description

 To deliver value through our products and services and to be the most
trusted global network for our customers and suppliers.
 To be a responsible value-creation partner for all stakeholders.
 To innovate mobility solutions with a passion to enhance the quality of life.

Components of Mission Statement

 Customer satisfaction
 Based on core competencies
 Realistic and clear
 Motivational and Inspirational

Subsidiaries –

We operate our business globally through a network of dedicated subsidiary and

associate companies. As of March 31, 2023, Tata Motors’ operations include 90
consolidated subsidiaries, two joint operations, four joint ventures and 11 equity-
accounted associates, including their subsidiaries, in which the company exercises
significant influence.

The main operational hubs are the United Kingdom (UK), South Korea, Thailand,
South Africa and Indonesia. We have centres of design excellence in Italy and the UK,
and our vehicles are marketed in Africa, the Middle East, South and Southeast Asia,
Australia and South America.

Some subsidiaries of tata motors –

Tata Motors, an Indian multinational automotive manufacturing company, has several
subsidiaries. Some of the notable ones include:

Jaguar Land Rover (JLR): Acquired by Tata Motors in 2008, JLR is a British
automotive company known for its luxury vehicles under the Jaguar and Land Rover
brands.
Tata Daewoo Commercial Vehicle Company: This South Korean subsidiary of Tata
Motors manufactures commercial vehicles.
Tata Motors European Technical Centre (TMETC): Located in the UK, this subsidiary
focuses on research and development for Tata Motors' products in Europe.
Tata Hispano: A Spanish bus manufacturing company acquired by Tata Motors,
specializing in urban and intercity buses.
Tata Motors Finance Limited: This subsidiary provides financing solutions for Tata
Motors' customers in India.

Directors along with their designations are –

1. Mr. Natarajan Chandrasekaran - Non-Executive
Director and Chairman

2. Mr. O.P. Bhatt - Non-Executive, Independent

Director

3. Ms. Hanne Birgitte Sorensen- Non-Executive,

Independent Director
4. Ms. Vedika Bhandarkar- Non-Executive,
Independent Director

5. Mr. Kosaraju Veerayya Chowdary- Non-Executive,

Independent Director

6. Mr. Al-Noor Ramji- Non-Executive, Independent

Director
7. Mr. Girish Wagh- Executive Director

8. Mrs. Usha Sangwan- Non-Executive, Independent

Director

CAPITAL INVESTED –
TATA MOTORS LIMITED is a 78.7 Years old company,
incorporated on 01 Sep 1945. It is classified as Public Listed Indian
Non-Government Company. Its authorized share capital is
₹40,00,00,00,000.00 (₹4,000.00 Cr) and its paid-up capital is
₹7,66,44,83,794.00 (₹766.45 Cr).

GOALS AND STRATERGIES –

Tata Motors, like any large corporation, sets goals and strategies to
guide its operations and ensure sustainable growth. While specific
goals and strategies may evolve over time based on market
conditions and internal priorities, here are some overarching goals
and strategies that Tata Motors might pursue:

1. Market Leadership: One of the primary goals of Tata Motors

could be to establish or maintain its position as a market leader
in the automotive industry, both domestically in India and in
key international markets where it operates. This might involve
strategies such as introducing innovative products, expanding
its product portfolio, and enhancing customer satisfaction.

2. Product Innovation and Differentiation: Tata Motors may

prioritize innovation in product development to differentiate
its offerings from competitors and meet evolving customer
needs. This could include developing technologically
advanced vehicles, such as electric and hybrid cars, and
 incorporating features like connectivity and autonomous
driving capabilities.

3. Global Expansion: Tata Motors likely aims to expand its

presence in international markets to diversify its revenue
streams and reduce dependence on any single market. This
might involve strategies such as establishing manufacturing
facilities, distribution networks, and strategic partnerships in
key regions around the world.

4. Sustainability and Environmental Responsibility: Given

increasing environmental concerns and regulatory pressures,
Tata Motors may focus on developing sustainable mobility
solutions and reducing the carbon footprint of its operations.
This could involve investing in electric and alternative fuel
vehicles, improving fuel efficiency, and adopting eco-friendly
manufacturing practices.

5. Operational Excellence: Tata Motors likely strives for

operational excellence to improve efficiency, reduce costs, and
enhance profitability. This might involve initiatives such as
streamlining production processes, optimizing supply chain
management, and investing in workforce training and
development.

6. Customer Focus and Brand Building: Tata Motors may

prioritize building strong customer relationships and
enhancing its brand reputation through superior product
quality, excellent customer service, and effective marketing
and communication strategies.

7. Financial Performance: Ultimately, Tata Motors aims to

deliver sustainable financial performance and create long-
 term value for its shareholders. This could involve strategies
such as revenue growth, cost management, profitability
improvement, and prudent financial management.
These goals and strategies are likely to be aligned with Tata
Motors' broader mission and vision, as well as the evolving
dynamics of the automotive industry and global business
environment.

DEPARTMENTS IN TATA MOTORS –

Tata Motors, being a vast conglomerate, encompasses various

departments, each playing a crucial role in the company's
operations. Here's a general overview of some key departments
typically found in an automotive manufacturing company like Tata
Motors:

i. Research and Development (R&D): This department focuses

on innovation and designing new vehicles, technologies, and
components. Engineers and researchers work here to enhance
performance, safety, and sustainability of vehicles.

ii. Production and Manufacturing: This department oversees

the actual manufacturing process of vehicles. It includes
assembly lines, quality control, supply chain management,
and logistics to ensure efficient production and timely
delivery.

iii. Sales and Marketing: Responsible for promoting Tata

Motors' products, understanding market demands, and
 implementing strategies to increase sales. This department
also manages dealer networks, advertising, and customer
relations.

iv. Finance and Accounting: Manages financial transactions,

budgeting, forecasting, and financial reporting. This
department ensures the company's financial health and
compliance with regulations.

v. Human Resources (HR): Handles recruitment, training,

employee relations, and development programs. HR ensures
that the company has the right talent and maintains a positive
work environment.

vi. Supply Chain Management: Coordinates the flow of

materials, components, and finished products throughout the
supply chain. This includes procurement, inventory
management, and supplier relations to optimize efficiency
and minimize costs.

vii. Quality Assurance and Control: Ensures that products meet

specified quality standards and regulatory requirements. This
department conducts inspections, tests, and audits to identify
and resolve quality issues.

viii. After-Sales Service: Provides support and assistance to

customers after they purchase Tata Motors' vehicles. This
includes maintenance, repairs, spare parts, and warranty
services to enhance customer satisfaction and loyalty.

ix. Information Technology (IT): Manages technology

infrastructure, software development, and digital solutions to
 support various business functions. This department ensures
that the company leverages technology effectively for
operational efficiency and innovation.

x. Corporate Communications: Handles internal and external

communications, public relations, and media relations. This
department manages Tata Motors' brand image, reputation,
and corporate messaging.

xi. Legal and Compliance: Ensures that Tata Motors operates

within legal and regulatory frameworks. This department
handles contracts, intellectual property rights, disputes, and
compliance with laws and regulations.

These departments work together to ensure Tata Motors' success in

the highly competitive automotive industry. Additionally, depending
on specific business strategies and organizational structures, there
may be other departments or divisions within the company.
FINANCIAL STATEMENTS –
Income statement –
Well known awards -

 Customer Support CVBU conferred with the 'Golden Peacock

National Training Award' 2011
 Ranked 'No. 1 in Nielsen's Corporate Image Monitor
Survey 2012' in India (for innovative techniques, providing
reliable products & striving for excellence)
 Ranked No.1 Employer in the Engineering & Automotive
Sector and No. 10 overall for 2011 in a survey conducted by
Business Today, for 'Best Companies to Work for in
India'
 Conferred with the prestigious 'Golden Peacock Award' for
Excellence in Corporate Governance for 2011
 Won the 'Golden Peacock Environment Management
Award' for Corporate Social Responsibility for 2011