How it started
Background
Tata Group entered the commercial vehicle sector in 1954, after forming a joint venture with Mercedes-Benz of Germany in which Tata developed a manufacturing facility in Jamshedpur for Daimler lorries. By November 1954, Tata and Daimler manufactured their first goods carrier chassis at the Jamshedpur plant with 90-100 hp and capacity of 3-5 tons.
Following the liberalization of the economy in India in 1991, Mercedes-Benz partnered with TELCO to officially enter the Indian market to produce and launch the W124 Mercedes-Benz E-Class, marking the entry of the luxury brand segment in India. However, the car was not a success due to public perception, as Mercedes Benz had transitioned to the W210 E-Class globally. However, over the years, the W124 has been positively received for its reliability and simplicity. Mercedes Benz eventually launched the W210 E-class in 1998, producing the car in partnership with TELCO using CKD kits.
In the 2000s, Tata Motors made a series of acquisitions and partnerships, including the acquisition of Daewoo's South Korea-based truck manufacturing unit, a joint venture with the Brazil-based Marcopolo, Tata Marcopolo Bus, and the acquisition of Hispano Carrocera.
Demerger
In March 2024, the original Tata Motors announced that it would split into two separate listed entities through a demerger. Consequently, the commercial vehicles business was transferred to its wholly owned subsidiary called TML Commercial Vehicles Limited, which was incorporated on 23 June 2024. The India passenger vehicles business, Jaguar Land Rover, and the majority stake in Tata Technologies remained under Tata Motors.
From Wikipedia’s article on Tata Motors Limited, shared under CC BY-SA 4.0.2