Tata Motors Passenger Vehicles Ltd.

Life Insurance Corporation (LIC) has hiked its stake in Tata Motors to over 7% through various open market transactions. The country’s largest life insurer has increased its shareholding in the company from 4.91% to 7.01% through purchase of shares between January 8, 2013, and May 17, 2016.

Tata Motors is India's largest automobile company. 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.