New Delhi, 24 January 2022: Despite incurring losses, Tata Motors Limited, an Indian multinational automotive manufacturing company, has spent as much as Rs23.99 crores on various Corporate Social Responsibility (CSR) initiatives and programmes in the financial year 2020-21. This amount has been spent on skill development, promoting education, eradicating hunger, COVID-19 relief, environmental sustainability, etc.
The total expenditure reported for the financial year was Rs 23.99 crore out of which the spent towards CSR initiatives and programmes amounted to Rs 23.68 crores and administrative overheads amounted to Rs 31 lakh. Last year, the company had spent Rs. 22.72 crores on CSR.
Tata Motors’ CSR Expenditure Summary
- Average net profit of the company as per section 135(5): Rs 2,106 crore
- 2% of average net profit: Not applicable in view of loss
- Amount spent in administrative overheads: Rs 31 lakhs
- Total amount spent for the financial year: Rs 23.99 crores
CSR amount spent against ongoing projects for the financial year:
|
S.No.
|
Project Name
|
Focus Area
|
Location
|
Amount Spent (in Rscrores)
|
|
1.
|
Skill Development and vocational skills in Automotive and Non-Automotive Sector
|
Employability Enhancing Skill Development
|
PAN India
|
4.1
|
|
2.
|
Promoting primary and secondary education in Rural and Socially/ Economically Backward communities
|
Promoting Education
|
PAN India
|
9.8
|
|
3.
|
Preventive and curative health services in Communities
|
Eradicating Hunger, Promoting preventive healthcare, Malnutrition, sanitation and safe drinking water
|
PAN India
|
3.84
|
|
4.
|
Ensuring environmental sustainability through awareness and protection of natural habitats
|
Ensuring environmental sustainability
|
Gujarat, Jharkhand, Karnataka, Maharashtra, Uttarakhand
|
1.6
|
|
5.
|
Rural Development
|
Rural development projects
|
Maharashtra, Gujarat
|
1
|
|
|
Total
|
|
|
20.34
|
CSR amount spent against other than ongoing projects for the financial year:
|
S.No.
|
Project Name
|
Focus Area
|
Location
|
Amount Spent (in crores)
|
|
1.
|
COVID-19 relief activities
|
Promoting health care including preventive health care, eradicating hunger, poverty and malnutrition, sanitation, making available safe drinking water and disaster management
|
PAN India
|
3.34
|
Tata Motor’s Major CSR Projects
The company’s CSR efforts focused on health, education, employability, and environmental interventions for relevant target groups, ensuring diversity and giving preference to needy and deserving communities inhabiting urban India. It also donated medical equipment to government healthcare providers through CSR programs.
Some of the major CSR projects of Tata Motors are as follows:
1. Aarogya (Health): Addressing child malnutrition; health awareness for females; preventive & curative health services and institutional strengthening, drinking water projects
2. Vidyadhanam (Education): Scholarships; Special coaching classes for secondary school students; IIT-JEE & competitive exams coaching, school infrastructure improvement; co-curricular activities; financial aid to engineering students
3. Kaushalya (Employability): Divers training – novice and refresher; ITI partnership & allied-auto trades; Motor Mechanic Vehicle (MMV); Training in retail, hospitality, white goods repair, agriculture & allied trades
4. Vasundhara (Environment): Tree plantation, environmental awareness for school students
5. Rural Development such as Integrated Village Development Programme (IVDP) in partnership with district administration, Palghar, Maharashtra
Implementing Agencies of Tata motors
Helping hands, RABSONS Info World, JSS Shri Manjunatheshwara Pvt ITI College, Canara Bank Deshpande Rural Development Self Employment training Institute, Pratham Education Foundation, Ramkrishna Mission Sakwar, Skills for Progress, Fr Agnel, Dharti Charitable Trust, Sanand Education Trust, MITCON Foundation, Ador welding academy pvt. ltd., Yashaswi academy for skills, Ambika Motor Driving School, Fr Angel Institute of Technical Training & Entrepreneurship Development, Shaswat Trust Junnar, Ayush Motor Driving, Vikas Samities, Samaj Vikas Kendra, Institute of Social Development
Composition of Tata Motors’ CSR Committee
Om Prakash Bhatt is the Chairman of the CSR Committee. Other key members are Vedika Bhandarkar, Kosaraju V Chowdary, and Guenter Butschek.
