Almost a year after a major top management rejig, Tata Motors is busy reinventing itself. India’s largest automaker with consolidated revenues of $34.7 billion has seen its share of troubles with both volumes and market share slipping sharply over the past two years. In an interview with Roudra Bhattacharya, Tata Motors’ MD Karl Slym talks about the challenges faced by the domestic industry, and how overseas expansion will be a focus going forward. He explains how Tata Motors is gearing up to reclaim its position among the top three carmakers in the country.
What measures has Tata Motors taken to weather the tough times?
Last year was one of the toughest ones for the Indian automobile industry. The Indian auto sector saw a slowdown in FY13, which has further continued in FY14. The major challenges faced by the industry in FY13 have been the slowing economic and infrastructure growth, coupled with negative consumer sentiment. Contrary to expectations, the industry hasn’t picked up. The commercial vehicle (CV) industry as a whole continues to be about 30% lower than last year, which came after a similar drop over FY12. While this industry is prone to cyclicality and all those who have been in the industry long enough will have witnessed one downturn or the other, what is particularly concerning about this one is the lack of visibility of a recovery plan. In the passenger vehicle (PV) industry, growth has been flat. Read more..
What measures has Tata Motors taken to weather the tough times?
Last year was one of the toughest ones for the Indian automobile industry. The Indian auto sector saw a slowdown in FY13, which has further continued in FY14. The major challenges faced by the industry in FY13 have been the slowing economic and infrastructure growth, coupled with negative consumer sentiment. Contrary to expectations, the industry hasn’t picked up. The commercial vehicle (CV) industry as a whole continues to be about 30% lower than last year, which came after a similar drop over FY12. While this industry is prone to cyclicality and all those who have been in the industry long enough will have witnessed one downturn or the other, what is particularly concerning about this one is the lack of visibility of a recovery plan. In the passenger vehicle (PV) industry, growth has been flat. Read more..
Source: Latest Automobile News
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