Demerger of biz to help commercial vehicle business capitalise on opportunities globally: Tata Motors


PTI, Jun 2, 2024, 11:57 AM IST

In a strategic move to enhance agility and capitalize on global opportunities, Tata Motors is set to demerge its automotive business into two listed entities—commercial and passenger vehicles. As announced by Girish Wagh, the company’s Executive Director, this initiative could unlock significant potential in the commercial vehicle (CV) market worldwide.

Speaking to shareholders in the Annual Report for 2023-24, Wagh emphasized that the demerger would provide a sharper focus and better operational capabilities for the commercial vehicle sector. The separation will also bring significant synergies across passenger vehicles (PV), electric vehicles (EVs), and Jaguar Land Rover (JLR), particularly in the domains of EVs, autonomous vehicles, and vehicle software.

Looking ahead, Wagh expressed optimism about FY25, citing a favorable macroeconomic environment, especially in the domestic market. His counterpart, Shailesh Chandra, MD of Tata Motors Passenger Vehicles, also envisaged sustained growth driven by customer preferences for safer, smarter, and greener vehicles. Chandra reaffirmed Tata Motors’ commitment to advancing the EV landscape through comprehensive initiatives aimed at expanding market presence and increasing EV penetration.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

World Bunts Summit to be held in Mumbai on December 7

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Salman Khan gets another threat; message sent to Mumbai traffic police helpline

SC overrules 1967 verdict holding AMU can’t be minority institution

BJP MP Tejasvi Surya, editors of Kannada news portals booked for allegedly spreading fake news

Egg distribution scheme for school children under scrutiny over alleged mismanagement

India Post M’luru division to offer doorstep service to pensioners for Jeevan Praman certificate

Related Articles More

Hero MotoCorp looks to scale up EV biz, lines up new models

Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand

Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum

Auto sales grow in mid-to-high single digits during Navratras, rural sales muted: Report

Car makers witness record sales on Dhanteras; Oct bookings up by 30%

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

BJP wants to snatch ”Jal, Jungle, Jameen” from tribals, alleges Rahul at Jharkhand poll rally

Leopard spotted near M’luru airport, Forest Dept begins search operation

Mangaluru International Airport achieves record passenger & air traffic movement in October 2024

World Bunts Summit to be held in Mumbai on December 7

SC refuses to examine plea to appoint ‘yoga mitra’ instructors in schools

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.