Tata Motors to remain focused on profitability, growth and cash flows, says Chairman Chandrasekaran

economictimes.indiatimes.com:

Tata Motors on Tuesday said it will continue to remain focused on executing its strategy to deliver growth, profitability and free cash flows consistently. Addressing virtually Tata Motors shareholders at the company's 78th AGM here, chairman N Chandrasekaran also said that the domestic business is expected to achieve the 'zero debt' target by this fiscal while the subsidiary company JLR will achieve it in the calendar year 2024.

«We have an exciting journey ahead of us and the management teams are very committed and focused towards accelerating our journey towards this transformation,» Chandrasekaran told shareholders. «Tata Motors will continue to remain focused on executing its strategy to deliver growth, profitability and free cashflows consistently,» he said.

Looking ahead, he said, all three businesses of the company — commercial vehicles, passenger vehicles and electric vehicles — and Jaguar Land Rover are all geared for growth as well as leadership in each of their segments. The commercial vehicles business is focusing on growth as well as profitability in all three platforms while the passenger car business apart from growing the portfolio is already a leader in the electric vehicles space and is committed to maintaining the leadership by bringing the best of technology with new products and a large number of products are scheduled to be launched in the coming years.

Similarly, on the Jaguar Land Rover business, the transition towards electric mobility, both for Jaguar and Range Rover is well on its way, he said, adding new launches both in Range Rover and in the Jaguar are scheduled in the latter part of next year and continued into 2045. Chandrasekaran said that the CV business is fast transitioning from being