Tata Motors was a division of the Tata Group, which was India’s largest corporation, owning more than 90 companies spanning seven business sectors (Chemicals, information technology and communications, consumer products, engineering, materials, services, and energy). In 2012, the corporation had operations in over 80 countries and had gross revenues of $83.5 billion in 2011. Nearly 60 percent of the Tata Group’s revenues were generated from outside of India. The Tata Group was a powerful symbol of India’s emergence as a world economic power and was India’s largest private-sector employer with over 425,000 employees. A financial summary for the Tata Group for fiscal 2010 and fiscal 2011 is presented in Exhibit 1.