"From a demand perspective, the market that we will watch like a hawk is China where we are seeing stress in the market," says Tata Motors group chief financial officer P.B. Balaji.
Profitability in JLR was affected by temporary aluminium supply constraints which resulted in EBIT margins of 5.1%, down 220 basis points.
Ratan Tata was one of the rarest business promoters in the country who launched businesses without analysing the cash flow projections.
Tata Motors group CFO P.B. Balaji expects the next FAME scheme to include incentives for four-wheelers.
Revenue from operations rose 5.7% year-on-year to ₹107,316 crore for the first quarter compared to ₹101,528 crore in the corresponding quarter last year.
JLR and Chery sign a letter of intent to license the Freelander brand to Chery Jaguar Land Rover for making battery electric vehicles in China.
Increased spending on R&D comes as Tata Motors focuses on extending its electric vehicle product range, developing flex-fuel powertrain, fuel cell EV and Hydrogen ICE
JLR will utilise its existing facility in Pune for production, complementing the current global manufacturing at the historic Solihull plant in the UK.
While there are limited synergies between CV and PV businesses, there are considerable synergies to be harnessed across PV, EV and JLR, says Tata Motors
Tata Group has taken bets for the future, says N Chandrasekaran.
