It was established in 2011 as part of a multinational conglomerate, with CHTC China Hi-Tech Group Corporation as the majority owner, and integrated into the heritage brand TAM of Slovenia in 2012.

Current line up of buses: In 1938, the Kingdom of Yugoslavia launched a competition to find a truck design that would be license produced in the country.

The competing vehicles had to complete a 8,000 km (5,000 mi) journey across Yugoslav roads of poor quality.

[3] The RN won and in 1938, the Zavodi Aleksandar Ranković (ZAR), ancestor of post WWII Industrija Motora Rakovica (IMR) plant near Belgrade, started to receive parts for assembly, the first Yugoslav manufactured vehicle rolling off the production line in 1940.

The majority were flatbed trucks, but a number of fire engines, buses and other vehicles were also produced.

The TAM logo resembles a three-leafed clover standing on point, with each lobe containing one letter of the acronym and a small five-pointed star occupying the center.