Though Tata Motors has had a tough last year as the global crisis took hold, the company has quickly been turning the corner, beating the gloomy forecasts.

With Nano at one end and the Land Rover-Jaguar deal at the other, many were wondering whether Tata Motors would be able to pull it off. Nevertheless, shrugging off the criticism of skeptics, Tata Motors' Vice-chairman Ravi Kant is quite upbeat about Nano's success and is confident that Jaguar and Land Rover (JLR) will reap profits in just a couple of years. At a time when automobile demand is sputtering, the global crisis has taken its toll on Tata Motors. However, to the surprise of many, Tata Motors has turned the corner sooner than later.

As per The Analyst's ranking of the top 500 companies in India, Tata Motors grabbed the top spot in Indian automobile category with net sales of Rs 27,016.56 cr for the FY2008-09. Its Profit After Tax (PAT) has stood at Rs 1,016.55 cr. In our analysis, Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd. occupied the second and third slots respectively. Undeniably, Tata Motors, established in 1945, is India's largest automobile major by revenues. Importantly, it is the world's second largest medium and heavy bus manufacturer and also the world's fifth largest medium and heavy commercial vehicle manufacturer. The first company from India's engineering sector to be listed on the New York Stock Exchange (in September 2004), it has over 4 million Tata vehicles plying on Indian roads.

The Analyst Magazine, Global Crisis, Profit After Tax, PAT, Jaguar and Land Rover, JLR, Tata Motors, Global Depositary Share, GDSs, Cash Flow, Foreign Direct Investment, FDI, Economic Slowdown, Bilateral Trade Agreement.