Tata Motors embracing structural shifts from a position of strength and confidence: N Chandrasekaran
Tata Motors business units’ next phase of growth will encompass focussing on market beating growth, improving margins, and enhancing customer experience in the current year, N Chandrasekaran, chairman Tata Motors, wrote in a letter to the shareholders in the company’s 79th annual report.
With the turnaround the company is embracing the structural shifts which includes an irreversible move to green mobility, rebalancing of supply chains to achieve resiliency digital acceleration with Artificial Intelligence and Machine Learning becoming mainstream, from a position of strength and confidence.
The company’s UK subsidiary, Jaguar Land Rover, which delivered record operational performance in the year gone by, “will continue to double down on its journey to become a premium luxury OEM, deliver strong revenue growth, improve profitability further, drive positive free cash flows, focus on enhanced customer love and continue to invest in products and technologies,” wrote Chandrasekaran. Over the next three years, JLR plans to launch a raft of new models in the internal combustion engine and electric vehicle segments.
As part of the plan, it would launch the first electric Range Rover later this year, followed by many more EVs including the all-electric Jaguar. JLR shall continue to invest in products, platforms, electrical and electronic architectures, and vehicle software to provide a world class in-cabin and all-round customer experience, he noted.
Tata Motors consolidated net revenue in FY24 stood at Rs 4,37,928
