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    Level 4 realities: Navigating the evolution amidst industry challenges
    The latest analysis from S&P Global Mobility examines the current state of SAE Level 4 technology in mobility. While the deployment of this technology in private vehicles is not expected soon, there are significant advancements in technology, regulatory support, and consumer interest. Established companies that have been testing Level 4 capabilities for over five years are preparing to announce plans for commercialization. These companies may experience low initial profitability but will need to...
    Emerging vehicle HMI technologies
    This report aims to identify and access various emerging human-machine interface (HMI) systems and technologies. A qualitative and quantitative analysis for each emerging technology will be provided to establish—a supplier-OEM landscape, the forecast start of production and subsequent volumes throughout the forecast horizon, and the viability of the technology.
    Lithium-ion battery price — Trends and forecast
    The ‘Lithium-ion battery price — Trends and forecast’ report aims to forecast the evolution of battery prices by analyzing the historical data while considering these factors that could impact the pricing to project how the Li-ion battery prices would move over the next decade.
    Inside Mazda - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Mazda's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside SAIC-GM-Wuling- Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of SAIC-GM-Wuling's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Suzuki - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Suzuki's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Changan - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Changan's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Auto China 2024 - Show report
    The event was held at an exhibition area of 22,000 square meters, attracting more than 892,000 visitors (including 28,000 international attendees) and over 1,500 exhibiting companies that showcased 278 new energy models, among other exhibits.
    ADAS: From optional to essential technologies throughout the vehicle
    This report examines the evolution of advanced driver assistance system (ADAS) technologies and their impact on the automotive industry, broken down into 11 vehicle domains for better understanding.
    Inside Geely - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Geely's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Volkswagen - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of the VW Group's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Stellantis - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Stellantis's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Hyundai - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of the Hyundai Motor Group's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Toyota - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Toyota's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    CES 2024 - Auto Show Report
    More than 135,000 visitors travelled to Las Vegas for CES 2024, including S&P Global Mobility analysts who have detailed all the key themes and showcases in this report.
    Inside Tesla - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Tesla's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside BMW - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of BMW's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Mercedes-Benz - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Mercedes-Benz's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Ford - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Ford's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside General Motors - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of GM's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    IAA Mobility 2023
    More than half a million visitors descended upon this year’s International Mobility Show (IAA). The event played host to more than 300 world premieres and innovations. Around 750 exhibitors travelled from 38 territories, with Greater China having a large presence at the event.
    Inside BYD - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of BYD's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Renault-Nissan-Mitsubishi - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of the Alliance's current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Inside Honda - Sourcing and technology strategy
    This all-in-one report provides in-depth analysis of Honda’s current and future production strategies. It also focuses on the uptake levels of key technologies and components across all AutoTechInsight vehicle domains.
    Auto Shanghai 2023 - Show Report
    This year marked the 20th anniversary show for Auto Shanghai. It was held on April 18-27, 2023 at the National Exhibition and Convention Center Shanghai. More than 1,400 vehicles were showcased including 300 new models. The Show was also the platform for around 100 global vehicle debuts and attracted 906,000 visitors.
    ADAS, automation, and autonomy: OEM strategies
    OEMs adopt various strategies around product development, technology selection, and collaboration with other OEMs, tier-1 suppliers, and technology players. To gain a competitive advantage in the market, OEMs also offer branding and package options and standard features that improve the attractiveness of their vehicle and technology product offerings. This report examines the automotive ecosystem, detailing such strategies of major OEMs and the key partnerships within them. Its scope extends ...
    Automotive Show Report - India Auto Expo 2023
    The 2023 Auto Expo's components edition was held from 12-15 January and recorded participation of over 800 companies and 115,000 visitors, while the vehicle show was held from 13-18 January and was attended by 636,743 visitors. Among the major passenger car manufacturers in India, Maruti Suzuki, Hyundai, Kia, Tata Motors, Toyota, BYD, and MG Motor showcased new models and concepts.
    Inside Stellantis - Sourcing and technology strategy
    This all-in-one report provides a detailed review of Stellantis’s current position, covering its finances, sales performance to date, production forecasts, technology strategies, and plans. In late 2019, former Fiat Chrysler Automobiles (FCA) and Groupe PSA reached a definitive agreement to merge their operations, creating the world’s fourth-largest automotive group by volume and the third largest by revenue. The merged company, later named Stellantis, received approval from the European Co...
    Inside General Motors - Sourcing and technology strategy
    This report provides a detailed review of General Motors’ (GM) current position, covering its finances, sales performance, production forecasts, technology strategies, and future plans. All data and analyses are correct as of October 2022. GM manufactures and sells passenger cars, sport-utility vehicles (SUVs), pickup trucks, and light commercial vehicles under Buick, Cadillac, Chevrolet, and GMC brands. The company also produces engines and other key automotive components and provides a r...
    Inside the VW Group - Sourcing and technology strategy
    This all-in-one report provides a detailed review of the Volkswagen Group’s (VW) current position, covering its finances, sales performance to date, production forecasts, technology strategies, and future plans. Group structure Volkswagen AG is a German public company manufacturing cars, commercial vehicles, and components and providing a range of automotive services, including vehicle finance and car rental. There are three key shareholders, namely (with shareholdings as per 31 December 2...
    Inside Rivian - Sourcing and technology strategy
    This report provides a detailed review of Rivian’s current position, covering its finances, sales performance to date, production forecasts, technology strategies, and future plans. Company origins and evolution Rivian is a new electric vehicle (EV) company, following in the footsteps of Tesla. Similar with Tesla and other new entrants, such as Lucid and Fisker, Rivian has no legacy of internal combustion engine (ICE) and conventional transmission vehicles and existing production capacity ...
    ADAS, automation, and autonomy: OEM strategies 2022
    OEMs adopt various strategies around product development, technology selection, and collaboration with other OEMs, tier-1 suppliers, and technology players, as well as branding and packaging of options and standard features that improve the attractiveness of their vehicle and technology product offerings to gain a competitive advantage in the market. This report examines the automotive ecosystem, detailing such strategies of major OEMs and the key partnerships within it. Its scope extends fur...
    Automotive chip shortage: the new normal?
    As part of the 2022 New Year's Briefing, IHS Markit has compiled a presentation around analysis of its latest automotive semiconductor demand and capacity forecast.
    Automotive Show Report - CES 2022
    CES 2022 was held in Las Vegas, Nevada, United States from January 5-7, with around 400,000 visitors, 744 exhibitors, and 936 speakers.
    Inside the US - Supply chain and technology dynamics
    This is an in-depth analysis of current and future production strategies in the United States (US). Content includes an assessment of the domestic supply chain and vehicle companies’ sourcing arrangements, as well as the current automotive investment climate and activity in the country. All IHS Markit data is correct as of November 2021. Pre COVID-19, US vehicle production output was around 10.6 million units in 2019. In 2020, this fell to 8.6 million with the loss of production a functi...
    Inside Tesla - Sourcing and technology strategy
    This is an in-depth analysis of the current and future production strategies of Tesla. The report focuses on the OEM’s overall strategy, key suppliers and major technological developments. This is in addition to its manufacturing, R&D approach and insights into its sourcing processes and preferences, the limited information in this area released by the company notwithstanding. All data and analyses are correct as of October 2021. Tesla has been a notable disruptor to established OEM...
    Imagining the ‘Apple Car’
    While Apple is yet to confirm or deny exploring vehicle development under the codename Project Titan, also referred as Chromium, a vast array of automotive stakeholders and commentators have been inquisitive of what may materialize from the so-called ‘Apple Car.’ Due to the secrecy around Apple’s car venture, a lot remains unknown or unconfirmed about the project from the manufacturing location(s), potential partners, and projected volume. This research note ...
    Automotive Show Report - IAA Mobility
    IAA Mobility 2021 took place in Munich, Germany, from September 7-12.
    Inside the Hyundai Motor Group - Sourcing and technology strategy
    This is an in-depth analysis of the current and future production strategies of the Hyundai Motor Group (HMG), including Hyundai and Kia. The report focuses on HMG’s overall strategy, key suppliers, and major technological developments. New directions, such as its E-GMP platform for electric vehicles (EVs) and the move into mobility services, are also discussed. Further to this, HMG’s sourcing processes and preferences are outlined, in addition to its manufacturing and research and dev...
    Inside ASEAN - Supply chain and technology dynamics
    This is an in-depth analysis of current and future production strategies within Association of South East Asian Nations (ASEAN), with a specific focus on the markets of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Content includes an assessment of the main component suppliers and OEMs in the market, alongside each country’s global and regional roles, and strengths and weaknesses. The following table summarizes key economic indicators for the countries covered in this report...
    Automotive Show Report - Shanghai
    The Auto Shanghai 2021 was the 19th International Automobile Industry Exhibition and took place at the National Exhibition and Convention Center Shanghai in China from 19-28 April 2021.
    Inside South Korea - Supply chain and technology dynamics
    This is an in-depth analysis of current and future production strategies in South Korea. Content includes an assessment of the main component suppliers and OEMs in the market, alongside each country’s technological expertise areas. All data and analyses are correct as of 13 October 2020. South Korea’s economic stability has helped underpin its growth and rise in international prominence in recent years. The government has been very supportive of its manufacturing sector and has also back...
    Automotive Show Report - CES 2021
    This report highlights high-level themes represented at the show and summarizes announcement details by company with key insights for how the technologies presented impact automotive and technology strategies and industries.
    Automotive Show Report - Beijing 2020
    The focus of the 2020 Beijing Motor Show were intelligent cars and alternative drive systems. All renowned automotive manufacturers and suppliers as well as numerous startups participated in the 2020 show. 
    Inside the Middle East and Africa – Supply chain and technology dynamics
    This is an in-depth analysis of current and future production strategies within and for the Middle East and Africa (MEA), with a specific focus on the markets of South Africa, Morocco, Algeria, Egypt, Israel, Iran and Saudi Arabia. Content includes an assessment of the main component suppliers and OEMs in the market, alongside each country’s technological expertise areas. The following table summarizes key economic indicators for the countries covered in this report. These countries vary w...
    Inside BMW - Sourcing and technology strategy
    An in-depth analysis of the current and future production strategies of BMW. This all-in-one report focuses on mapping the key components BMW uses as well as the suppliers that provide them. The OEM's technological developments and direction are also discussed, including that of its electrification and autonomy strategies. Further to this, BMW's sourcing processes and preferences are detailed, in addition to its manufacturing footprint. The term “BMW” in all data and graphs i...
    Inside Toyota - Sourcing and technology strategy
    An in-depth analysis of the current and future production strategies of Toyota. This all-in-one report focuses on mapping the key components Toyota uses as well as the suppliers that provide them. The OEM's technological developments and direction are also discussed, including that of its TNGA (modular architecture) and BEV ambitions. Toyota’s sourcing processes and preferences are detailed, in addition to its industry leading kaizen manufacturing and localization efforts.  The...
    Inside South America - Supply chain and technology dynamics
    For the purposes of this report, South America covers the six vehicle-producing countries in the region: Argentina, Brazil, Colombia, Ecuador, Uruguay, and Venezuela. There are big disparities among these countries, both in terms of economy and automotive market size. Over the last decade, all six countries have enjoyed varying levels of investments by carmakers and automotive suppliers. Brazil has by far the biggest economy and automotive market in the region, both in terms of vehicle produc...
    Inside Daimler - Sourcing and technology strategy
    Daimler AG is at the peak of a decade-long aggressive growth plan, with sales and production at an all-time high of nearly three million units for each in 2019; double that of its 2009 figures. However, the premium vehicle manufacturer is now plateauing in these two areas and will continue to do so until at least 2025, according to IHS Markit forecasts. This is further to a significant drop in net income from around EUR11 billion in 2017 to just over EUR2 billion in 2019, as indicated in Daim...
    Inside Mexico - Supply chain and technology dynamics
    An in-depth analysis of current and future production strategies within and for Mexico, including mapping the main component suppliers and OEMs in the market, along with its technology focuses. Mexico is ranked as the seventh largest vehicle producer in the world and is the largest vehicle producer in Latin America. The growth of the Mexican automotive industry was stimulated by the signing of the North American Free Trade Agreement (NAFTA) in 1994, which spurred on vehicle exports and att...
    Spring Automotive Client Briefing - Europe - Presentations
    These presentations were given at the 2020 IHS Markit Spring Automotive Client Briefing - Europe (webinar) on  EV Charging Infrastructure and Connected Car.
    Inside Ford - Sourcing and technology strategy
    An in-depth analysis of the current and future production strategies of Ford. This all-in-one report focuses on mapping the key components Ford uses as well as the suppliers that provide them. The OEM's technological developments and direction are also discussed, including that of its relatively delayed journey into electrification and the subsequent partnerships forged in order to catch-up with other car makers' efforts in this area. Ford's sourcing processes and preferences are revealed,...
    Automotive Show Report - CES 2020
    This report highlights high-level themes represented at the show and summarizes announcement details by company with key insights for how the technologies presented impact automotive and technology strategies and industries.
    Automotive Show Report - Los Angeles
    The Los Angeles (LA) Auto Show is an annual car show held at the Los Angeles Convention Center in late November or early December.
    The Japanese Automotive Supplier Report
    Japan’s annual GDP growth for both the short and medium term will remain around 1%, with economic and demographic factors putting a damper on any higher growth. Continued trade frictions with China and US, and to a lesser extent South Korea, will impact exports in the short term and will need to be resolved to ensure stability. The global slowdown in the electronics and automotive sectors will also negatively impact Japan’s exports. The aging population is increasing the government’s...
    Automotive Show Report - Tokyo
    The theme of the 2019 Tokyo Motor Show was “Open Future” focusing on cutting edge futuristic technologies including future mobility, flying cars, next-generation personalized mobility, autonomous driving, connected vehicles, and new energy-based vehicles.
    Inside General Motors - Sourcing and technology strategy
    An in-depth analysis of the current and future production strategies of General Motors, including mapping the use of components and their respective suppliers, along with upcoming technologies. AHSS Advanced high-strength steel MHEV Mild-hybrid electric vehicle AV Autonomous vehicle MPV Multi-purpose vehicle BEV Battery-operated electric vehicle OEM Original equipment manufacturer CNG Compressed natural gas ...
    Fall Automotive Client Briefing - Detroit - Presentations
    These presentations were given at the 2019 IHS Markit Fall Automotive Client Briefing in Detroit, Michigan.
    Automotive Show Report - Frankfurt
    The 2019 International Motor Show (IAA) took place at Frankfurt Am Main from 10–22 September 2019.
    The Chinese Automotive Supplier Report
    Economic growth is being negatively affected by the ongoing trade war with the US, which is beginning to take a toll on exports. This wildcard situation is creating uncertainty for consumers and investors. Public and private debt levels remain a concern, especially with the slowdown in the economy. Steps need to be taken to rein in credit in order to avoid a possible credit crunch. The further consolidation of President Xi Jinping’s power, by abolishing term limits in 2018, was surprising,...
    Automotive Show Report - New York
    The 2019 New York International Auto Show (NYIAS) took place at Jacob Javits Convention Center in New York, the US from 19–28 April 2019.
    The South Korea Automotive Supplier Report
    Macroeconomic Overview Economic Review   Economic outlook   Labor           The role of the chaebol   Exports   Light vehicle sales review and outlook Market review   Vehicle sales   Imported vehicles   Tax incentives and alternative-powertrain vehicles   Market ou...
    Automotive Show Report - Geneva
    The 2019 Geneva show was majorly focused around future trends for the automotive industry and conceptual technologies—electrification of vehicles and connected mobility, driverless vehicles, packages of digital services, and transportation services.
    Automotive Show Report - NAIAS
    The 2019 North American International Auto Show (NAIAS) took place at Cobo Center in Detroit, Michigan, United States from 12-27 January 2019.
    Automotive Show Report - CES
    The annual CES continues to host the world’s automotive innovators to highlight the most cutting-edge technologies the industry can offer.
    Automotive Show Report - Los Angeles
    The Los Angeles (LA) Auto Show is an annual car show held at the Los Angeles Convention Center in late November or early December.
    Supplying Hyundai Kia
    In 2016, the combined Hyundai Motor Group, including both the Hyundai and Kia brands, sold approximately 7.76 million vehicles worldwide, up 2% compared to 2015 but below the group's growth target of 8.13 million units for 2016. The group ranked the fourth highest strategic group in sales volume in 2016. Global Light Vehicle Sales by Strategic Group - 2013 to 2021 (Source IHS Markit Light Vehicle Sales Forecast Jan 2018)   Hyundai-Kia Strategic Group Sales by Sales Brand 2013 to 20...
    Supplying PSA
    Groupe PSA is the 9th largest light vehicle OEM in terms of sales volume. In August 2017, PSA completed the acquisition of Opel/Vauxhall in Europe from General Motors (GM). The transaction has taken in all of Opel/Vauxhall's automotive operations. This includes the Opel and Vauxhall brands, six assembly facilities, five component manufacturing operations, its engineering centre in Rüsselsheim (Germany), and 40,000 staff. However, it excludes a powertrain engineering centre in Turin (Italy) whic...
    Supplying Mercedes-Benz
    In 2016, Mercedes-Benz overtook BMW as the world's leading premium passenger-car brand for the first time since 2005 with annual sales of 2.04 million units to BMW's 1.99 million units. The result was thanks to a strategy focused on expanding its core model range with new models in the compact sector based on the front-wheel drive MFA platform, as well as increasing its number of SUV and crossover offerings. Global Light Vehicle Sales for Mercedes-Benz Cars, BMW & Audi Mercedes-Benz is...
    Supplying the Volkswagen Group
    The Volkswagen Group (VW) has continued to ratchet up its sales volumes and global market share in recent years through expanding both its robust range of vehicle brands and nameplates and extending its geographic market footprint. VW delivered 10.3 million vehicles to customers worldwide in 2016, a rise of 3.8 percent compared with 2015 when it appeared that the company's recent sales growth phase was beginning to stall due to a number of reasons. Firstly, the high sales base already achieved r...
    Mobility as a Service
    The shared use of vehicles has been available for decades, but ubiquitous connectivity has carried these business models into the 21st century under the label of mobility services. Perceived in the past as expensive or inconvenient, smartphones and cloud platforms now enable flexible, alternative use of cars as a product and are establishing mobility as a service and transforming personal mobility and the automotive, transportation, and technology industries. This report will analyze the curr...
    Supplying Toyota
    Exhibit 1: IHS Markit Light Vehicle Sales Forecast 2013-2021 Exhibit 2: IHS Markit Light Vehicle Sales Forecast for Toyota brands, 2013-2021 Key financial performance values for Toyota Motor  CREDIT RATING (TOYOTA MOTOR) Long-term       MOODY'S Aa3       S&P AA-                 MAR...
    Supplying the BMW Group
    Exhibit 1: IHS Markit Light Vehicle Sales Forecast 2013-2021 Exhibit 2: IHS Markit Light Vehicle Sales Forecast for BMW brands, 2013-2021 Exhibit 3: Key financial performance values for BMW AG CREDIT RATING (BMW AG) Long-term       MOODY'S A1       S&P A+                   &nbs...
    The SuRe Index Report - 2016 Edition
    The quality of relationships between global carmakers and their suppliers has marginally deteriorated in 2016, continuing a negative streak which started in 2014, according to IHS Markit’s SuRe index study. IHS Markit’s study is based on a unique global survey allows suppliers to rate 34 carmakers on a variety of matters, ranging from technology sourcing to profit-impacting factors as well as quality management and intellectual property protection matters. In 2016 average ratings dropped by ...
    Supplying the FCA Group
    IHS Markit Light Vehicle Sales Forecast 2013-2021 FCA Brand Light Vehicle Sales Forecast 2013-2021 Key financial performance values for Fiat SpA CREDIT RATING (FIAT SPA) Long-term       MOODY'S Ba3       S&P BB       FITCH BB-                 M...
    The Indian Automotive Supplier Report
    Economic conditions in India have improved over the years mainly owing to a stable political scenario in the country. GDP growth is on the rise and has been supported by external factors such as a sharp decline in prices of commodities including crude oil. While the positive outlook continues, it is expected to take a hit in the short term by the recent demonetization measures taken by the current Narendra Modi–led government.  Demonetization impacts GDP growth The surprising demone...
    Supplying Ford
       Key financial performance values for Ford Motor Company CREDIT RATING (FORD MOTOR COMPANY) Long-term       MOODY'S Baa2       S&P BBB       FITCH BBB                 MARKET CAPITALISATION as of 12/31/2016 $47,683 Mil    ...
    ASEAN Automotive Supplier Report
    Within the ASEAN region, Indonesia ranks second behind Thailand as a top vehicle- producing nation. Although still churning out roughly half of the number of vehicles Thailand produces, 1.1 million units versus Thailand’s 1.9 million units – Indonesia is seeing big new commitments by carmakers, which will significantly boost vehicle production going forward. In 2015, it ranked as the 17th largest vehicle producer globally, a drop from 15th the previous year. Driven by a big, undeveloped dome...
    Supplying General Motors
    In 2016, General Motors sold 6.532 million units worldwide, down 0.4% on that achieved in 2015. The company ranked fifth highest strategic group in sales volume in 2016. Global Light Vehicle Sales Volume by Strategic Group 2013 - 2021 (Source: IHS Markit LV Sales Forecast, March 2018) Following the rationalisation following bankruptcy and the divestment of its European operations, General Motors has gone from being one of the most prolific owners of global brands to a more focused, range o...
    Supplying Honda
    Light Vehicle Sales by Sales Group (Source: IHS Markit LV Sales Forecast - April 2018) Honda's global sales increased nearly 6% year on year  in 2016 to an all-time high to over 4.92 million units, posting its fifth consecutive year of growth.Looking ahead, IHS Markit expect the group’s sales volume to reach over 5.2 million units in 2017, reflecting an increase 7% year-on-year growth. This growth is forecast to moderate in the following years and will maintain an average sales volume ...
    Supplying Tata
    Tata was founded back in 1868 and the group is now a highly diversified operation covering more than 100 companies in manufacturing and services on a global scale.  Group revenue is over US$110bn, employing more than 600,000 people.  Each subsidiary operates independently, and many of them have their own public share listing.  Tata Motors is one of the 29 such publicly listed companies. Tata Motors consists of a passenger and commercial vehicle operation in India, largely focus...
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