Tata Motors inks a five-year agreement with Tata Technologies

Tata Motors Passenger Vehicles Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500570 | NSE: TMPV

04 Sep 2015 Evaluate

Tata Motors and Tata Technologies have signed a five-year agreement to unveil a redefined engagement model, ENGAGENEXT iSourcing, to leverage mutual strengths and capabilities for their strategic priorities, while offering significant career benefits to employees of both the organizations. The new agreement marks a shift from a staff-augmentation model to a delivery-based model for Tata Technologies engineers, designers and consultants working on Tata Motors programs across all locations in India.

This model recognizes Tata Motors' ambitious plans under HorizoNext as well the deep expertise developed by Tata Technologies in the automotive engineering space across leading global OEMs to handle major execution programs, including whole vehicle development. It will build on two decades of a seamless working environment to optimize mutual capabilities and realize cost efficiencies, streamlined workflows and accelerated development cycles for Tata Motors' R&D Division.

By leveraging the strong strategic relationship with Tata Technologies through an industry benchmark outsourcing model, Tata Motors ERC will be able to increase its focus on key areas to support the next stage development of Tata Motors business. The robust work flow model with clearly defined roles, to deliver to mutually agreed upon engineering activities, will reduce duplication of work, as well as help plan investments, better utilization of employees and mitigate costs.

Tata Motors is India's largest automobile company, with consolidated revenues of INR 2, 62,796 crore (USD 42.04 billion) in 2014-15. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India.

Tata MotorsPassenger Share Price

335.85 4.15 (1.25%)

10-Jul-2026 10:42 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	335.85
Maruti Suzuki India	13821.85
Mahindra & Mahindra	3120.05
Hyundai Motor India	1951.00
Mercury Ev-Tech	35.00
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