You must have heard of the Sino-India rivalry. Indian Army troops have repeatedly taken on the Chinese Peopleโs Liberation and have successfully shown the Chinese their place. But the battle is now going beyond the borders and armies. It is reaching into the corporate offices of the two countries and one Indian industrial conglomerate- Tata Group is giving some serious body blows to the Chinese.
Over the recent past, the Tata Group has given three big blows to the Chinese-ย
- Tata has replaced Chinaโs Vivo as the title sponsor of the Indian Premier League (IPL) – a cash-rich cricket league in India.ย
- Tata is entering the Electric Vehicle (EV) business and is about to imperil many Chinese EV businesses.ย
- And the most important one- Tata is getting involved with the island nation of Taiwan in the semiconductor business and is giving heartburn to Beijing.ย
What makes Tata big for India?
Tata Group is easily Indiaโs most iconic business brand. Just to give an example- it has more employees than Toyota, Coke, Facebook, Microsoft & Google combined. And these are the big companies that I am talking about.ย
It operates in over 100 countries and Indians simply love Tata. And they have every reason to. Tata has been a part of Indiaโs glorious growth story. Tata Consultancy Services (TCS) is the biggest private employer in India with over 500,000 employees in the country, and this is one of the many business arms of the Tata Empire that I am talking about. Till 2021, TCS has beenย recognisedย as a global top employer six consecutive times.ย
Tata Group hasย grownย into one of the biggest business conglomerates with 29 publicly-listed Tata enterprises having a combined market capitalisation of $242 billion.ย
Tata Group is taking on China
In India, you will find many internet quotes, social media posts and videos showering praise on Ratan Tata, a former chairman of Tata Sons. For Indians, Tata is a sentiment being an over 100 years old brand.ย
And now, Tata Group is only improving its reputation further by taking on the Chinese. As per the latest reports, the Tata Group willย replaceย Chinese mobile maker Vivo as the Indian Premier Leagueโs (IPL) title sponsor from this year.
Amidst growing animosity between India and China, there was already a growing demand that the Chinese company should be replaced as the cash-rich cricket leagueโs sponsor.ย
But the point is that Indians had a problem with a Chinese brand getting involved in the IPL. And now Tata Group has resolved their grievances.ย
Tataโs Taiwan stint
Tata has kept pace with time and is now looking to invest close to $300 million in an outsourced semiconductor assembly and test (OSAT) plant. An OSAT plant sources silicon wafers from semiconductor foundries, packages, assembles and tests them, finally turning them intoย finishedย semiconductor chips.ย
And where do you go for semiconductor chips- yes, you got it right, Taiwan. Tata Group is reportedly discussing its semiconductor chip business plans with some international majors including those from Taiwan. This is complementing India’s efforts of trying to rope in Taiwanese manufacturers Taiwan Semiconductor Manufacturing Company (TSMC) and United Microelectronics Corporation (UMC) for chip-making in India.
Tata wants a possible tie-up and makes an impressive foray into the semiconductor chip business amidst the ongoing global chip wars. In doing so, the industrial conglomerate is showing scant regard for China and is openly engaging with Taiwanese semiconductor giants.
Tata Motors- becoming an EV hegemon
Tata Motorsย is aย popularย brand in India and is an undisputed leader in the heavy automobiles sector. It is also making aย comebackย of sorts in the passenger vehicles segment and has recently become theย second-largestย carmaker in the country.ย
But it is the Tata EVs that seem exciting. Tata Motors isย sellingย EVs at a breakneck speed in the country. In November 2021, it sold 1,751 EV units which were four times more than November 2020.ย
One thing is clear- Tata will lead Indiaโs EV revolution. This is bad news for Chinese EV makers likeย BYDย which was planning to launch EV passenger vehicles in India and get a big share in the countryโs emerging EV market.ย
The ongoing battle between India and China is therefore no longer characterised by two militaries, diplomatic establishments and governments wrestling with each other. The corporate sector too has joined with an Indian conglomerate giving severe jolts to China.ย
Largest automakers by market capitalization
companies: 47 total market cap: $2.872 T
Price (30 days)
Tesla
1) TSLA
$1.102 T
$1,097
3.11%
๐บ๐ธ
Toyota logo
Toyota
2) TM
$286.34 B
$206.65
2.35%
๐ฏ๐ต
Volkswagen logo
Volkswagen
3) VOW3.DE
$135.95 B
$214.01
-0.03%
๐ฉ๐ช
BYD logo
BYD
4) 002594.SZ
$117.09 B
$40.22
7.07%
๐จ๐ณ
Ford logo
Ford
5) F
$96.54 B
$24.16
-0.78%
๐บ๐ธ
Daimler logo
Daimler
6) DAI.DE
$89.26 B
$83.44
1.21%
๐ฉ๐ช
General Motors logo
General Motors
7) GM
$88.09 B
$60.68
-1.27%
๐บ๐ธ
Rivian logo
Rivian
8) RIVN
$75.46 B
$85.42
2.24%
๐บ๐ธ
Lucid Motors logo
Lucid Motors
9) LCID
$74.03 B
$44.97
-1.10%
๐บ๐ธ
BMW logo
BMW
10) BMW.DE
$72.02 B
$110.75
-0.58%
๐ฉ๐ช
Stellantis logo
Stellantis
11) STLA
$65.94 B
$21.05
1.94%
๐ณ๐ฑ
Great Wall Motors
logo
Great Wall Motors
12) 601633.SS
$55.48 B
$7.39
6.67%
๐จ๐ณ
Honda logo
Honda
13) HMC
$52.42 B
$30.58
0.78%
๐ฏ๐ต
NIO logo
NIO
14) NIO
$49.86 B
$31.35
4.43%
๐จ๐ณ
Ferrari logo
Ferrari
15) RACE
$47.67 B
$259.32
1.96%
๐ฎ๐น
XPeng logo
XPeng
16) XPEV
$40.90 B
$47.76
4.37%
๐จ๐ณ
Hyundai logo
Hyundai
17) HYMTF
$40.87 B
$42.21
1.47%
๐ฐ๐ท
SAIC Motor
logo
SAIC Motor
18) 600104.SS
$37.39 B
$3.20
0.30%
๐จ๐ณ
Li Auto logo
Li Auto
19) LI
$33.91 B
$30.69
2.95%
๐จ๐ณ
Maruti Suzuki India
logo
Maruti Suzuki India*
20) MARUTI.NS
$33.36 B
$110.45
0.33%
๐ฎ๐ณ
Kia logo
Kia
21) 000270.KS
$28.65 B
$71.39
1.19%
๐ฐ๐ท
Volvo Car logo
Volvo Car
22) VOLCAR-B.ST
$28.32 B
$9.51
2.34%
๐ธ๐ช
Tata Motors logo
Tata Motors**
23) TTM
$26.21 B
$34.23
0.29%
๐ฎ๐ณ
Geely logo
Geely***
24) 0175.HK
$25.70 B
$2.57
5.82%
NB: So where do Tata Motors** stand? At #23 just above one of the Chinese motor companies Geely***. But below another Indian motor company – Murati Suzuki! And of cos even below several other Chinese auto companies!!
As for the semi conductor manufacturing plan which Tata together with the Indian government were keen to set up with Taiwanese company TSMC and later UMC through a collaboration with Indian Space Research Organisation outfit Semi-Conductor Laboratory (SCL), the discussions did not make much headway because the incentives being offered were low. Besides, India could not offer a free trade agreement, which was one of the bargaining chips put forth by the Taiwanese side. And don’t forget, the shortage of raw materials in India.
Conclusion: In short, the semi conductor manufacturing plant is not even started yet. And here you are not only bragging about the set up but counting the chicken before they are even hatched for Tata group. Why? Did they pay you to tell stories aka lies?
This channel name is the frustrated indian. It’s not official news channel in india. Just a personal private channel to vent their frustration seeing how China is out performing india in everything