Ratan Tata Business – Ratan Tata, in full Ratan Naval Tata, (born December 28, 1937, Bombay [now Mumbai], India), Indian businessman who became chairman (1991–2012 and 2016–17) of the Tata Group, a Mumbai-based conglomerate.
Ratan Tata, in full Ratan Naval Tata, (born December 28, 1937, Mumbai, India), Indian businessman who became chairman of the Tata Group, a Mumbai-based conglomerate.
In 2008 Tata oversaw Tata Motors’ purchase of the elite British car brands Jaguar and Land Rover from the Ford Motor Company. The $2.3 billion deal marked the largest-ever acquisition by an Indian automotive firm. The following year the company launched the Tata Nano, a tiny rear-engined, pod-shaped vehicle with a starting price of approximately 100,000 Indian rupees, or about $2,000. Although only slightly more than 10 feet long and about 5 feet wide, the highly touted “People’s Car” could seat up to five adults and, in Tata’s words, would provide a “safe, affordable, all-weather form of transport” to millions of middle- and lower-income consumers both in India and abroad. In December 2012 Tata retired as chairman of the Tata Group. He briefly served as interim chairman beginning in October 2016 following the ouster of his successor, Cyrus Mistry. Tata returned to retirement in January 2017 when Natarajan Chandrasekaran was appointed chairman of the Tata Group.
The Tata were a Parsi priestly family who originally came from the Gujarat. The founder of the family’s fortunes was Jamsetji Nusserwanji Tata (born March 3, 1839, Navsari [India]—died May 19, 1904, Bad Nauheim, Germany). After an education at Elphinstone College in Mumbai, he joined his father’s export trading firm in 1858 and helped establish branches of the company in Japan, China, Europe, and the United States. In 1872 he concentrated on cotton manufacturing, founding mills at Nagpur in 1877 and, later, at Bombay and Coorla. His enterprises were noted for efficiency, for improved labour-protection policies, and for the introduction of finer grades of fibre. He also introduced the production of raw silk to India and planned for the Bombay-area hydroelectric power plants that became the Tata Power companies after his death.
Mr. Tata has a well-known love for cars, and not just for the ones manufactured by his own company, Tata Motors!
Here, we take a look at some of the most unique and/or surprising vehicles that Ratan Tata has in his garage, ranging from humble Tata cars to Mercedes-Benz and Ferrari convertibles.
Tata Nexon was the first made-in-India car to achieve a 5-star safety rating from Global NCAP. This was an extremely impressive feat, which earned Tata Motors a lot of praise and appreciation.
2. Tata Indigo Marina
Ratan Tata loves his dogs, and he purchased an Indigo Marina back in the day just to take them out on a spin.To better suit the purpose, he had his Marina customised, removing the rear seats to make more room for his pets.
3. Mercedes Benz E-Class W124
Mercedes E-Class W124 is one of the most iconic vehicles from the German luxury carmaker. As such, it isn’t a surprise to know that Ratan Tata owns one.
4. Ferrari California
Any sportscar collection would be incomplete without a Ferrari, right? Mr. Tata also owns a Ferrari California, an LHD model, and he has been spotted multiple times driving around in it.
5. Jaguar F-Type S
Tata Motors is currently the parent company of Jaguar and Land Rover. As such, this is basically another vehicle from Ratan Tata’s own company.
4. LIFE STYLE
Ratan Tata is the one, who made the cheapest car for the people of country ‘Nano’. But personally, Ratan loves to have the collection of luxurious cars. In his favorite collections of cars he have Jaguar, Mercedes SL 500, Land Rover Freelander and Vintage Cars and among them his favorite car is Farari California.
Ratan Tata is a bachelor. Known for his low profile lifestyle, he resides in a simple house in Mumbai and drives around in a Tata sedan. He loves privacy and shuns media spotlight. He has only CDs, books and dogs for company. In 2004, Tata Motors was listed on the New York Stock Exchange. He got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover, and Tata Steel to acquire Corus.
Ratan Tata’s father Naval Tata was the adopted son of the Ratanji Tata, the younger son of Jamsetji Tata, founder of the Tata Group of companies. When Ratan Tata was 10, his parents separated and he was subsequently raised by his grandmother, Navajbai Tata.
Ratan Tata set a perfect example of generosity and leadership during the 26/11 Mumbai attacks. Unarmed, he stood all alone outside the Taj hotel and supervised the activities to help the victims. He showcased his humane gesture by personally visiting the families of all the 80 employees who were killed or injured.