Tata Motors bags National Award for cost management
Announcement / Vehicles July 04, 2007
Mumbai, July 4, 2007: Tata Motors has won the National Award for Excellence in Cost Management fo r the year 2006, conferred by the Institute of Cost and Works Accountants of India (ICWAI).
Tata Motors bagged the first prize in the 'Manufacturing' category in the private sector.
A high profile 17-member jury led by the former Chief Justice of India, Mr J S Verma, chose the winners after a comprehensive selection process. The criteria for selection were i) better practices for resource management ii) efficient utilisation of capacity and working capital iii) quality augmentation programme and R&D efforts and iv) precise information on performance.
About Tata Motors
Tata Motors is India 's largest automobile company, with revenues of US$ 7.2 billion in 2006-07. With over 4 million Tata vehicles plying in India, it is the leader in commercial vehicles and the second largest in passenger vehicles. It is also the world's fifth largest medium and heavy truck manufacturer and the second largest heavy bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, and South East Asia and in Australia. Tata Motors and Fiat Auto have formed an industrial joint venture in India to manufacture passenger cars, engines and transmissions for the Indian and overseas markets; Tata Motors also has an agreement with Fiat Auto to build a pick-up vehicle at Córdoba, Argentina.
The company already distributes Fiat-branded cars in India. Tata Motors' international footprint include Tata Daewoo Commercial Vehicle Co. Ltd. in South Korea; Hispano Carrocera, a bus and coach manufacturer of Spain in which the company has a 21% stake; a joint venture with Marcopolo, the Brazil-based body-builder of buses and coaches; and a joint venture with Thonburi Automotive Assembly Plant Company of Thailand to manufacture and market pickup vehicles in Thailand. Tata Motors has research centres in India, the UK, and in its subsidiary and associate companies in South Korea and Spain.
Tata Motors bags National Award for cost management
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