1. Home
  2. Infrastructure Urban
  3. ECONOMY & POLICY
  4. Tata Motors Chairman advocates demerger for vertical synergies
Tata Motors Chairman advocates demerger for vertical synergies
ECONOMY & POLICY

Tata Motors Chairman advocates demerger for vertical synergies

26 Jun 2024 2 Min Read CW Team
At the 79th Annual General Meeting of Tata Motors, Chairman N Chandrasekaran explained that the planned demerger of the existing automotive businesses into two listed entities aims to secure synergies across its passenger vehicle (PV) and Jaguar Land Rover (JLR) verticals, particularly in the fields of electric vehicles (EVs) and autonomous vehicles. Chandrasekaran emphasized that this strategic move would enable each company to enhance customer experience, provide better growth opportunities for employees, and increase shareholder value.

Chandrasekaran stated that the demerger would facilitate significant synergies across PV, EV, and JLR, specifically in EVs, autonomous vehicles, and vehicle software. In March of this year, Tata Motors had announced its decision to separate its commercial vehicle (CV) and passenger vehicle segments into two distinct listed entities, aiming to capitalize more effectively on growth prospects.

Chandrasekaran informed shareholders that moving forward, all three businesses would prioritize strengthening their financial positions and improving customer satisfaction. He further explained that each entity would refine its strategies to align more closely with its market position, brand strength, and growth objectives.

Regarding the PV business, Chandrasekaran highlighted its focus on achieving robust growth, advancing technology, and maintaining brand leadership. He noted that the PV vertical would continue investing in products, platforms, electrical and electronic architectures, and vehicle software to sustain its competitive edge.

In terms of the EV business, Chandrasekaran outlined plans to expand market penetration through multiple product launches, enhance the charging network, and introduce innovative product features to meet consumer aspirations.

At the 79th Annual General Meeting of Tata Motors, Chairman N Chandrasekaran explained that the planned demerger of the existing automotive businesses into two listed entities aims to secure synergies across its passenger vehicle (PV) and Jaguar Land Rover (JLR) verticals, particularly in the fields of electric vehicles (EVs) and autonomous vehicles. Chandrasekaran emphasized that this strategic move would enable each company to enhance customer experience, provide better growth opportunities for employees, and increase shareholder value. Chandrasekaran stated that the demerger would facilitate significant synergies across PV, EV, and JLR, specifically in EVs, autonomous vehicles, and vehicle software. In March of this year, Tata Motors had announced its decision to separate its commercial vehicle (CV) and passenger vehicle segments into two distinct listed entities, aiming to capitalize more effectively on growth prospects. Chandrasekaran informed shareholders that moving forward, all three businesses would prioritize strengthening their financial positions and improving customer satisfaction. He further explained that each entity would refine its strategies to align more closely with its market position, brand strength, and growth objectives. Regarding the PV business, Chandrasekaran highlighted its focus on achieving robust growth, advancing technology, and maintaining brand leadership. He noted that the PV vertical would continue investing in products, platforms, electrical and electronic architectures, and vehicle software to sustain its competitive edge. In terms of the EV business, Chandrasekaran outlined plans to expand market penetration through multiple product launches, enhance the charging network, and introduce innovative product features to meet consumer aspirations.

Next Story
Infrastructure Urban
15 Nov 2024

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Read More
Next Story
Infrastructure Energy
15 Nov 2024

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Read More
Next Story
Infrastructure Urban
15 Nov 2024

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain
ECONOMY & POLICY
15 Nov 2024

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes
POWER & RENEWABLE ENERGY
15 Nov 2024

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

Dilip Buildcon wins bid for BharatNet Phase III broadband project
ECONOMY & POLICY
15 Nov 2024

Dilip Buildcon wins bid for BharatNet Phase III broadband project

KPIL secures new orders worth Rs 22.73 billion
Real Estate
15 Nov 2024

KPIL secures new orders worth Rs 22.73 billion

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn
Steel
15 Nov 2024

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion
RAILWAYS & METRO RAIL
15 Nov 2024

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders
ECONOMY & POLICY
15 Nov 2024

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed
ROADS & HIGHWAYS
15 Nov 2024

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000