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The next few years will be decisive for Tata Motors and the company needs to transform itself to be relevant in the world of future mobility by forming partnerships, developing new solutions and optimise investment, according to Chairman N Chandrasekaran. In his address to shareholders in the company's Annual Report for 2018-19, he also reiterated that transition to electric mobility needs to be well planned with government and industry working together to ensure development of ecosystem while incentives are provided to stimulate demand and sustainability goals are achieved. With Jaguar Land Rover (JLR) facing challenges in the last one year, Chandrasekaran said the British arm is taking steps to cut costs and is actively looking at partnerships while taking a calibrated approach towards future investment in the product portfolio. "The next few years are going to be decisive for our company. We have to focus on strong operational excellence to deliver positive cashflows while making
Tata Motors plans to launch around 50 commercial vehicles (CVs) this fiscal as it looks to further consolidate its position in the segment, a top company official said. The auto major, which saved close to Rs 1,900 crore in 2017-18 by enforcing cost-saving measures across CV and passenger vehicle segments, aims to achieve similar kind of savings in the current fiscal as well. The company has also lined up a capex in the range of Rs 1,500 crore for CV vertical for the current fiscal. The amount would go into R&D, capacity expansion and towards making products compliant with BS VI emission norms before government deadline of April,1, 2020. "Last year we launched more than 50 new products including variants and facelifts. This year also we will continue at the same rate in terms of new product launches," Tata Motors President (commercial vehicles business) Girish Wagh told PTI in an interview. In order to set up a long-term strategy to introduce new products in the country, the firm .
The Tata Motors' stock has gained about six per cent since the start of the month, on expectation of improved volumes, both at Jaguar Land Rover (JLR), its entity abroad, and the standalone level (largely India operations). What will help at JLR is that the management has retained its margin expectation of 14-15 per cent for the medium term, citing a winding down of unfavourable foreign exchange hedging (likely over the next couple of quarters), higher scale from new launches such as the Discovery and Velar, and a better sales mix. What adds to the stock's attraction is the single-digit price to earnings ratio for FY19, of 9.7.While this is a positive, the Street will also eye a turnaround in Indian operations. While the latter now contributes very little to the consolidated entity's operating profit, the standalone operations had a combined net loss of Rs 8,100 crore in the past four financial years (FY14-17), after adjusting for one-off transactions (exceptional items) of Rs 2,385 ..