Subsidiaries and other entities
Global network of subsidiaries
and associate companies
We operate our business globally through a network of dedicated subsidiary and associate companies. As of March 31, 2023, Tata Motors’ operations include 90 consolidated subsidiaries, two joint operations, four joint ventures and 11 equity-accounted associates, including their subsidiaries, in which the company exercises significant influence.
The main operational hubs are the United Kingdom (UK), South Korea, Thailand, South Africa and Indonesia. We have centres of design excellence in Italy and the UK, and our vehicles are marketed in Africa, the Middle East, South and Southeast Asia, Australia and South America.
Manufacturing
Tata Motors Body Solutions Limited
Manufacturing bus bodies on a global scale, TMBSL offers a complete range of solutions for passenger travel. Continually innovating, it is setting higher benchmarks across a wide range of applications from luxurious inter-city travel options, comfortable office commute and safe transport for school children.
Tata Daewoo Commercial Vehicle Company Limited
TDCVCL is one of Korea’s leading commercial vehicle manufacturers. Its expansive portfolio of light, medium and heavy-duty trucks, are exported to over 90 countries.
Insurance and financing
Tata Motors Insurance Broking and Advisory Services Limited
TMIBASL services customers across India with its expertise in insurance broking and consultancy services with a particular focus on the automobile industry.
TMF Holdings Limited
A core investment company (CIC), TMFHL’s subsidiaries Tata Motors Finance Limited (TMFL) and Tata Motors Finance Solutions Limited (TMFSL) operate as Non-Banking Financial Companies (NBFCs) providing vehicle and related financing solutions.
