The company was founded in 1974 by two former Formula 1 drivers, Australian Tim Schenken and New Zealander Howden Ganley.
Their cars dominated the Sports 2000 class in the late 1970s and early 1980s.
His intent was to provide spare parts and restorations for the historic Tiga race cars built between 1974 and 1989, and to keep developing Tiga's ongoing projects in CN2 and other racing classes.
In 2013, Tiga bought the IP rights and all existing tooling and data of the Embassy Racing WF01 LMP2 sportscar, with the intention of modifying the car to comply with the revised cost-cap regulations of the then-current LMP2 class.
The car's engine was changed over from its original Zytek V8 to the Judd Power HK.