Tata Motors makes it to top-50 global R&D spenders list
Modified On Dec 25, 2015 12:19 PM By Akshit
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Tata Motors has made it to the top-50 list of the world's biggest companies in terms of their R&D (Research and Development) investments. From the 104th position in 2014 to 49th this year, the Indian auto major has shown the largest increase in its R&D investments. However, most of this investment has gone to its UK subsidiary Jaguar Land Rover.
On the annual Industrial R&D Investment Scoreboard for the on-going year, prepared by European Commission, German carmaker Volkswagen has topped the list followed by Samsung, Microsoft, Intel and Novartis in the top-five.
While the above-mentioned top-five companies have retained their respective positions on the list, Google has moved up to 6th place from 9th, while Pfizer now stands at 10th from the previous year’s 15th. Roche, Johnson and Johnson and Toyota are ranked 7th, 8th and 9th, respectively by the commission.
Out of the top 2,500 companies on this list, there are a total of 829 companies from the United States, 360 from Japan, 301 from China, 114 from Taiwan, 80 from Switzerland and 27 each from Canada and Israel. With 26 Indian firms, India stands at 15th position on the list. Among other Indian companies, Dr Reddy's Laboratories is ranked 404th, M&M is at 451st, Reliance Industries at 540th, Lupin at 624th, Sun Pharma at 669th, Cipla at 831st and Infosys at 884th.
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