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Tata Motors Emerges Group Leader For 2nd Time
One of the largest business groups in the world - Tata Group's automobile division, Tata Motors has emerged as the group leader for the second consecutive year. Tata Motors topped the group in terms of remarkable sales and net profit, which stands at 1,65,000 crore and 13,500 crore, respectively.
Jaguar Land Rover, Tata Motors' British luxury brand which the company acquired in 2008 has been a major factor in the success of the Indian automobile giant. With the help of the British brand, Tata Motors has sailed past the group leader till 2010 - Tata Steel.
Tata Motors net profit is also more than three times larger than the group's other major business unit, Tata Cosultancy Services. It is a known fact that Tata Group's chairman Ratan Tata who is expected to step down this year has been so passionate about its automobile business.
Tata Motors recorded a profit of Rs 13,517 crore over the past three years, a stunning five-fold increase from its 2010 net profit of Rs 2,571 crore. A market analyst was quoted as saying: "Tata Motors will grow upwards of 13-15% in revenue in the next 2-3 years. The launch of the F-type Jaguar products and new geographies will help JLR drive up volumes."
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