Tata Motors only Indian company on Top-50 Global R&D List

INVEShomOn the annual industrial R&D Investment Scoreboard for 2015, prepared by the European Commission, Tata Motors is featured as the only Indian company to feature in the top-50 league.

Tata Motors has moved up from the 104th position last year to 49th now and has also shown the largest increase in R&D investments on the list. Most of this R&D however, is at its UK subsidiary Jaguar Land Rover.

On the expanded list there are a total of 26 Indian companies against 829 from the US, 360 from Japan and 301 from China.

India is overall placed in 15th position in terms of the number of companies on the list.

The other Indian companies include Dr. Reddy’s Laboratories; M&M; Reliance Industries; Lupin; Sun Pharma; Cipla and Infosys. Also on the list are ONGC, Tata Steel, Bajaj Auto, Hindalco, BHEL, Piramal Enterprises, Wipro, HCC, Ashok Leyland, Apollo Tyres, TVS Motors, HCL Tech and Glenmark.