Get In Touch
October2024 104x80.jpg
Current Issue
section
logo

Tata group doubles its published patents in two years

By Swati Deshpande,

Added 04 May 2016

The Tata Group has doubled its published patents in two years, from about 3,500 at the end of calendar year 2013 to about 7,000 at the end of 2015.

The Tata Group has doubled its published patents in two years, from about 3,500 at the end of calendar year 2013 to about 7,000 at the end of 2015. In the calendar year 2015 itself, Tata companies have filed over 2,000 published patents in India and international jurisdictions. These patents are primarily in the area of computation and data processing; materials, coating, casting and vehicle propulsion; communications; engines; and hybrids, fuels and controls. Reflecting the thrust on research and development, 2.7 percent of the group's turnover has been invested in R&D in 2014-15, amounting to Rs 17,896 crores or $2.9 billion.

Spearheaded by the Group Technology & Innovation Office (GTIO), a new consortium model of delivering technology by harnessing synergies between Tata companies has been implemented to create breakthrough innovations. Under this model, new products and services will be delivered by collaborative efforts of Tata companies working in a consortium mode with a formal memorandum of understanding.

(Continued on next page)