Q. State any four diversified areas in which the Tata group entered in the later half of the 20th century.
Ans: Tata group entered in several businesses from airlines to hotels, trucks to locomotives, soda ash and other heavy chemicals to pharmaceuticals and financial services, tea and air conditioning to lipsticks and cologne in the last half of the 20th century.
(Note: Any four correct areas should be given full marks. Each area for half mark.)
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Alternative Answer by chatGPT
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Ans : In the later half of the 20th century, the Tata Group, one of India's largest and most diversified conglomerates, entered into various areas. Here are four diversified areas in which they expanded during that time:
1. **Information Technology (IT):** The Tata Group ventured into the IT sector with the establishment of Tata Consultancy Services (TCS) in 1968. TCS has since become one of the leading global IT services and consulting companies.
2. **Automotive:** Tata Motors, part of the Tata Group, significantly expanded its presence in the automotive industry. In 1998, they launched the Tata Indica, the first fully indigenous passenger car in India, and later acquired major global brands like Jaguar Land Rover.
3. **Telecommunications:** In the late 20th century, Tata Group entered the telecommunications industry through Tata Teleservices. They provided mobile, broadband, and other telecommunication services in India.
4. **Hospitality:** The Tata Group made significant strides in the hospitality sector by establishing Taj Hotels Resorts and Palaces. This luxury hotel chain has grown to become one of the most well-known and prestigious hospitality brands in India and beyond.
These diversified expansions allowed the Tata Group to establish a strong presence in various sectors, making them a prominent player in the Indian and global business landscape.
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Important points
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Ans :
1. **Airlines, Hotels, and Travel:** Tata Group expanded into the aviation industry, hotels, and travel services.
2. **Automobiles:** They entered the automobile sector, manufacturing trucks and locomotives.
3. **Chemicals and Pharmaceuticals:** The Tata Group ventured into producing soda ash and other heavy chemicals, as well as pharmaceuticals.
4. **Financial Services:** They established financial services to provide various financial solutions.
5. **Tea and Air Conditioning:** Tata Group entered the tea production industry and also started offering air conditioning solutions.
6. **Cosmetics:** They diversified into the beauty industry by producing lipsticks and cologne.
By diversifying into these areas, the Tata Group became a prominent conglomerate with a wide range of products and services, contributing significantly to India's industrial and economic growth.
