India has potential for exporting a lot of EVs: Warren Harris, Tata Technologies

economictimes.indiatimes.com:

Warren Harris, the chief executive officer and managing director of Tata Technologies. The engineering technology company, promoted by Tata Motors, is set to hit the primary markets next week.

Following are the edited excerpts of an interaction with Nikita Periwal:
Given that a public offering of Tata Technologies has been in talks for a while now, what was the rationale for the timing?
It is an offer-for-sale, so the transaction is primarily driven by the needs of our promoter Tata Motors and Jaguar Land Rover, who are looking to become net debt-free. As a company, we are looking at this as an opportunity to develop our profile through the exercise of going public.

It will be helpful, particularly as we look to attract and retain the best engineers in the market.

What is the profile development you are looking at?
As a public company, you enjoy a much higher profile in terms of brand awareness, while having financial markets talk about you. That ensures that our company is on top of the mind when customers and engineers are looking for either services or a career.

How do you plan to change the current client concentration and what will be the focus areas going ahead?
Last year, Tata Motors and JLR together accounted for less than a third of our business.

We have been building our business with their support, but increasingly outside of the group. We are supporting 33 traditional OEMs, and our ambition is to be more strategic and relevant to these companies.

We are confident of being not just a service provider to these companies, but we can actually take ownership over certain parts of their portfolio. As technology continues to accelerate, more and more companies are going to be looking outside to get the skills