Who: Tata Motors
What: Listed as only Indian firm on top 50 global R&D spenders
When: 20 December 2015
Tata Motors on 20 December 2015 made it to the Top 50 in the annual Industrial R&D Investment Scoreboard for 2015.
Prepared by the European Commission, the annual Industrial R&D Investment Scoreboard for 2015 was topped by the German automaker Volkswagen. In the top five R&D spenders, Volkswagen was followed by Samsung, Microsoft, Intel and Novartis.
Tata Motors moved up from last year’s 104th position to 49th in 2015. Besides, the firm also showed the largest increase in R&D investments on the list.
In the expanded list of the world’s 2500 top R&D firms, there are a total of 26 Indian companies. A total of 829 from the US, 360 from Japan, 301 from China, 114 from Taiwan, 80 from Switzerland and 27 each from Canada and Israel were listed in the scoreboard.
A total of 608 companies from the European Union countries were seen in the list, including 136 from Germany, 135 from the UK, 86 from France, 42 from Sweden and 32 from Italy.
In terms of the number of companies on the list, India was overall placed at 15th position.
In terms of other Indian companies in the list, Dr Reddy’s Laboratories was ranked 404th, M&M was at 451st, Reliance Industries at 540th, Lupin at 624th, Sun Pharma at 669th, Cipla at 831st and Infosys ended at 884th.
Indian firms like ONGC, Tata Steel, Wockhardt, Cadila Healthcare, Bajaj Auto, Hindalco, BHEL, Piramal Enterprises, Wipro, Helios and Matheson, HCC, Ashok Leyland, Apollo Tyres, TCS, Suzlon Energy, TVS Motor, Force India, HCL Tech and Glenmark were also included in the list.