Formed in 1945 Tata Motors was originally named TELCO - Tata Engineering and Locomotive Co. It used to make steam engines especially for Medium Gauge lines
TELCO’s Vintage Steam Loco installed at Salem DRM’s office
http://www.railnews.in/telcos-vintage-steam-loco-installed-at-salem-drms-office/?fbclid=IwAR3oyFVfAJH46uyDR-CPY4B2ZSyZhXwzaT9L2Oce0Oly7dDJqgp4QZUNuLQ
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. After independence Tata s had the foresight that the future lay instead in trucks .Railway Steam engines were becoming outdated in technology and Govt decided to manufacture engines at Chittaranjan Locomotive Works in West Bengal.
TELCO discontinued railway engines production and instead make world class trucks . bus chassis with Brand Mercedes makers of Germany .
Daimler Benz bought around 15 % shares in TELCO. These they later sold at huge profit to start their own subsidiary company in India -Bharat Benz
Bharat Benz
https://www.bharatbenz.com/?fbclid=IwAR0_2mSaRQYistJGypTq2P2DT1BBjuATMqgm-2ZMFTrQ_qg5rvG0Zz9IZCU
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In 1969 erstwhile Central Bank of India Ltd was nationalized . Its shareholders were given shares / convertible debentures of TELCO Ltd.
Around that time TELCO started at Pune a second manufacturing plant ,initial plant is at Jamshedpur .
For this TELCO bought / merged with it an existing Pune based manufacturing co which had a large suitable land also -Investa Machine Tools and Engineering Ltd
https://stock-financials.valuestocks.in/en/tata-motors-company-history
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One old saying / jingle of Popular Brands and Folk Parlance ( especially in Punjab )
Chhikk Maar ke Challi Gaddi Tata Di
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Other folklore sayings of then popular brands in Punjab
Good Man Di Laaltain , ( Bad Man Da Diva )( Buy Goodman Brand Lantern - Don't Use an Earthen Lamp )
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