Thursday, December 5, 2013
TATA Motors Expands into PH; Appoints Pilipinas Taj Autogroup as Distributor
Tata Motors Ltd, India’s largest automobile company, has appointed Pilipinas Taj Autogroup Inc. (TAJ) as its Philippine distributor for Tata passenger and commercial vehicles. The Distribution Agreement, which was officially signed last October 31, 2013, is especially timely as the industry expects more robust growth in the coming year.
Pilipinas Taj Autogroup Inc. Chairman & President David Coyukiat, concurrently President and CEO of Pioneer Insurance and Surety Corporation noted, “We are thrilled to bring to the Philippine market a range of tough and reliable vehicles from India’s largest and most trusted automobile company. Tata Motors’ name resonates worldwide. Their presence in the market will provide a chance for our consumers to choose from its wide product line-up the ideal vehicle for private and commercial use.”
The Tata-TAJ partnership will bring new investment and employment opportunities to the country. It will likewise bring Tata’s renowned technology and engineering expertise, raising standards in the market place by making available Tata’s durability-tested and fuel-efficient diesel and petrol engines.
Tata Motors Ltd.
Tata Motors is India's largest and most respected automobile company, with consolidated revenues of $34.7 billion in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa. Among them is Jaguar Land Rover, the business comprising two iconic British brands. With over 7.5 million Tata vehicles plying India’s cities and countryside, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is the world's fourth largest truck and bus manufacturer. The company’s commercial and passenger vehicles are already being marketed in several countries in Europe, Africa, the Middle East, South East Asia, South Asia and South America.
The Tata Group comprises over 100 operating companies in seven business sectors: Communications and information Technology, Engineering, Materials, Services, Energy, Consumer Products and Chemicals. The group has operations in more than 80 countries across six continents; its companies export products and services to 85 countries. The total revenue of Tata companies reached a staggering $100.09 billion in 2011-12, with 58 per cent of this coming from business outside India. Tata companies employ over 450,000 people worldwide. The Tata name has an enviable 140-year heritage, earning the trust and respect of India for the brand’s unwavering adherence to strong values and business ethics.