Tata Motors is sole Indian firm in Global Top-50 for R&D
2015 has proved to be a fantastic year for Tata Motors and the list of achievements is only growing longer. The domestic car manufacturer has joined an elite group of firms who have made the most investments in Research & Development. Tata Motors is the only Indian manufacturer to make it to this exclusive Top-50 List, with some of the world’s largest firms in the world for company.
According to the European Commission’s (EU) Industrial Research & Development Investment Scoreboard, Tata Motors were four places outside the Top-100 until last year. The automaker’s rise to 49th position in just one year, makes this glorious achievement all the more commendable. While it must be mentioned that it was their Jaguar Land Rover (JLR) division that went on to garner the lion’s share of this R&D contribution. In doing so, Tata Motors has also notched up another feather in the bargain by becoming the sole entrant in the list to have the largest rise in their R&D investments.
The Top-5 brands on the Industrial Research & Development Investment Scoreboard include another auto-major, Volkswagen taking top honours. Following it are electronics & technology brands like Samsung, Microsoft, Intel along with pharma major, Novartis in that order.
The nation-wise break-up of the top 2500 firms globally by Research & Development contributions sees India ranked 15th in the world. The pharma sector contributes significantly to the domestic ranking achievement, with Cipla, Sun Pharma, Lupin & Dr. Reddy’s Labs being the major brands on the list. Reliance Industries too earns a spot as does another domestic auto-manufacturer & SUV-major, Mahindra & Mahindra.
Not unsurprisingly, the United States takes the top spot with a whopping 829 companies, with Japan & China taking second and third place with 360 & 301 firms respectively. Other countries with significant number of firms making it to the list include Taiwan and Switzerland, with 114 and 80 companies respectively. Canada and Israel round up the rankings with 27 firms a-piece.
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