NEW DELHI (India CSR): In the fiscal year 2023-24, Tata Motors Limited demonstrated its commitment to social welfare by voluntarily contributing Rs. 21.59 crore to various Corporate Social Responsibility (CSR) projects, despite being exempt from mandatory CSR spending due to financial losses in previous years. Tata Motors’ CSR efforts focus on health, education, employability, environmental sustainability, and rural development, making a positive impact on over one million beneficiaries. This report highlights the key areas where the company has contributed and the tangible outcomes it has achieved.
Overview of Tata Motors’ CSR Policy
Commitment to Communities
Tata Motors’ CSR policy emphasizes improving the quality of life for underprivileged communities, with a special focus on Scheduled Castes, Scheduled Tribes, and economically backward groups. The company’s initiatives are guided by its “More from Less for More People” philosophy, which aims to maximize the impact of its CSR efforts through efficient resource use and strategic partnerships.
Tata Motors’ CSR spending and impact for 2023-24
| Key Fact | Details |
|---|---|
| Total CSR Spending (2023-24) | Rs 21.59 crore |
| Amount Spent on CSR Projects | Rs 21.27 crore |
| Amount Spent on Administrative Overheads | Rs 0.32 crore |
| Total Beneficiaries Impacted | 10,03,943 |
| Beneficiaries from Health Initiatives | 5,58,540 |
| Beneficiaries from Education Initiatives | 1,34,191 |
| Beneficiaries from Employability Initiatives | 29,362 |
| Beneficiaries from Environmental Initiatives | 1,39,157 |
| Beneficiaries from Rural Development Initiatives | 98,518 |
| Total Employee Volunteers | 15,007 |
| Employee Volunteer Man-Hours | 1,17,400 man-hours |
