It was Tata Motors, which developed the first indigenously developed Light Commercial Vehicle, India’s first Sports Utility Vehicle and, in 1998, the Tata Indica, India’s first fully indigenous passenger car. In January 2008, Tata Motors unveiled its People’s Car, the Tata Nano, which India and the world have been looking forward to.
The main consideration in determining the dividend policy is the objective of maximisation of wealth of shareholders. Thus, a firm should retain the earnings if it has profitable investment opportunities, giving a higher rate of return than the cost of retained earnings, otherwise it should pay them as dividends.
Shareholders of Tata Motors on Tuesday showed their displeasure over the pathetic dividend announcement made by the company at its 71st annual general meeting. The company declared a dividend of 20 paise for ordinary shares and 30 paise for 'A' class shares, which will be paid out of its reserves, something that upset the investors.
Tata Motors, India’s largest automobile manufacturer, was established in1945.However, the history of the brand goes way back to 1868, when the Tata Group was founded by Jamsetji Tata. The brand was created as a parent company for numerous divisions, such as the Tata Iron and Steel Company, Tata Electric Company, Tata Airlines, and Tata Chemicals.