In 1945, Tata Motors was established as a maker of locomotives. Following the formation of a joint venture with Daimler-Benz of Germany, in which Tata constructed a manufacturing plant in Jamshedpur for Daimler trucks, the Tata Group entered the commercial vehicle market in 1954.] At their Jamshedpur facility, Tata and Daimler began producing their first goods carrier chassis in November 1954, with a 90–100 horsepower and 3-5 ton capacity. (Tata Motors Share Price Target)