Tata Motors Limited, a key pillar of the Tata Group, stands tall as a global force in the automotive industry. With a valuation exceeding USD 42 billion, it is India’s largest automobile manufacturer, producing everything from compact cars to military-grade defense vehicles. Since its inception in 1945, Tata Motors has grown into a household name known for its engineering strength, consistent innovation, and widespread customer trust.
Its international manufacturing footprint includes plants in India, South Africa, Argentina, Thailand, and the United Kingdom, demonstrating its truly global presence. As of March 16, 2024, Tata Motors’ share price stood at ₹1,039.85, reflecting investor confidence and the brand’s robust growth trajectory.
Over the years, many investors have acquired Tata Motors shares, drawn by its long-term potential and solid performance. However, shares or dividends can sometimes be forgotten, unclaimed, or misplaced due to outdated contact information, inheritance matters, or simple oversight. After seven years of inactivity, these financial assets are transferred to the Investor Education and Protection Fund (IEPF). The good news is that these shares and dividends can be recovered—this guide explains how, with expert assistance from Crystal Peak Wealth.
Tata Motors in 2024 – Market Developments and Impact on Shares
Tata Motors has been actively making headlines in 2024, thanks to several major business moves and financial milestones. These developments have played a key role in driving stockholder interest and boosting share prices.
March 2024 Highlights:
Manufacturing Investment:
Tata Motors signed an MoU with the Tamil Nadu Government, pledging an investment of ₹9,000 crore to set up a new facility. This move is expected to create thousands of jobs and enhance production capacity.
EV Incentives Appeal:
The company formally requested the Indian government to extend the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme. This request aligns with Tata’s expanding electric vehicle portfolio.
Strategic Demerger:
One of the most impactful announcements came with the demerger of Tata Motors into two separately listed entities—commercial vehicles and passenger vehicles. This led to an 8% rise in the share price, which climbed from ₹1,000 to ₹1,065.60.
February 2024 Highlights:
Domestic Sales Growth:
Tata Motors recorded a 9% year-on-year increase in domestic vehicle sales an indicator of strong market demand.
Partnerships:
It entered an MoU with Bandhan Bank to improve commercial vehicle financing access across India.
Sustainability Initiative:
Tata Motors joined hands with Lead IT, a UN-backed platform that supports nations and companies in reducing carbon emissions.
Financial Performance:
The company reported 25% revenue growth and a 60.6% increase in EBITDA for Q3FY2024, boosting investor confidence.
January 2024 Highlights:
– Over 5 lakh commercial vehicles were integrated with the Fleet Edge App, a digital telematics platform.
– EV production commenced at its Gujarat manufacturing facility, solidifying its commitment to green mobility.
– It posted a 1% YoY increase in global commercial vehicle wholesales, showing international demand remains steady.
These developments reflect Tata Motors’ aggressive yet strategic approach toward innovation, sustainability, and expansion—making it a strong asset in any long-term investment portfolio.
How to Recover Lost Tata Motors Shares and Dividends from IEPF
Suppose you or your family members have lost access to Tata Motors shares or dividends due to inactivity or outdated details. In that case, you can make an IEPF claim them by following a structured process laid out by the Investor Education and Protection Fund (IEPF).
Step 1: Check IEPF Eligibility
Begin by verifying if your shares or dividends are listed under IEPF.
– Visit the official IEPF portal: https://www.iepf.gov.in/IEPF/refund.html
– Use your DP ID, Folio Number, or Shareholder Name to search for unclaimed assets.
This step will confirm whether your investments are held by IEPF and eligible for a claim.
Step 2: Collect the Required Documents
Once eligibility is confirmed, gather the following documents:
– Self-attested PAN and Aadhaar Card copies
– Cancelled cheque or a copy of your bank passbook
– Demat account statement or the original physical share certificate
– Notarized Indemnity Bond on non-judicial stamp paper (value depends on the claim)
– Notarized Affidavit on stamp paper stating your claim
– Duly filled Form IEPF-5, which can be downloaded after online submission
Proper documentation is key to avoiding rejections or delays in the claim process.
Step 3: Submit the Application
– Fill in the Form IEPF-5 online and save a signed copy.
– Attach all the collected documents.
– Send them physically to Tata Motors’ Nodal Officer at their registered office.
Step 4: Verification by the Company
– Tata Motors will review your claim and verify the attached documents.
– Once verified, they will forward the case to the IEPF Authority for further processing.
Step 5: Final Processing by IEPF
– The IEPF Authority conducts a final check of your claim.
– Once approved, shares are credited to your Demat account, and dividends are transferred to your bank account.
Step 6: Track the Claim Status
You can track your claim using the acknowledgment number:
– Visit the IEPF website
– Check real-time updates on your claim: “Pending,” “Under Process,” “Approved,” or “Rejected”
Why It’s Important to Reclaim Lost Shares and Dividends
Unclaimed financial assets can accumulate quietly over time. While they may initially appear negligible, they often hold significant monetary and strategic value. Reclaiming them ensures financial continuity and secures your legal rights.
Recover Financial Assets
By recovering lost shares, you regain ownership of assets that may have appreciated in value over the years. This also allows you to benefit from dividend income and future returns.
Secure Your Shareholder Rights
Owning shares isn’t just about profits it comes with voting rights and entitlement to company decisions. Reclaiming lost shares ensures you maintain these important rights.
Prevent Legal Complications
Unclaimed assets can become a point of legal dispute during succession or inheritance proceedings. Timely recovery simplifies the process and prevents unnecessary hassles.
Follow a Structured Process
The IEPF process is structured but can be overwhelming. Completing it with expert guidance can help you avoid errors and delays.
How Crystal Peak Wealth Can Help
Navigating the IEPF process can be time-consuming and document-heavy. Any error or omission can result in rejection or prolonged timelines. That’s where Crystal Peak Wealth comes in.
Here’s how they make the process stress-free:
Document Assistance: Helps you gather and format documents exactly as required by IEPF.
Filing and Submission: Manages everything from filling out Form IEPF-5 to preparing affidavits and bonds.
Coordination with Tata Motors: Handles all communications and follow-ups with the company’s Nodal Officer.
Legal Support: Offers assistance for legal heirs dealing with succession certificates, wills, or transmission of shares.
Their expertise ensures a faster and more efficient recovery experience, helping you reclaim what is rightfully yours without navigating the bureaucracy on your own.
Frequently Asked Questions (FAQs)
You can visit the IEPF website and search using your DP ID, Folio Number, or shareholder name. The platform will show any unclaimed shares or dividends under your name.
If left unclaimed, the shares will remain with the IEPF Authority. Over time, the recovery process can become more complex, especially if legal heirs are involved.
Yes, legal heirs are eligible to file a claim. However, they need to submit legal documents like a succession certificate, probate of a will, or legal heir certificate to initiate the claim.
Typically, it takes between 3 to 6 months, depending on the accuracy of submitted documents and how quickly the verification is completed by Tata Motors and IEPF.
While Form IEPF-5 is filled online, the process isn’t entirely digital. You must send physical copies of the signed form and supporting documents to Tata Motors’ Nodal Officer for processing.