By Vijaya Kittu Manda, GetPaidIndia.com
Tata Group Chairman N Chandrasekharan said Tata Motors and other group companies will work closely to enable a smoother transition to Electric Vehicle (EV). He stressed the need to work closely with the Government and the Industry for the transition to be smooth. In the Tata Motors� Annual Report 2018-19 released recently, he said that the company needs to transform itself with the changing circumstances in the mobility space. He highlighted the need to grow and get sustained business cashflows so as to move to BS VI emission norms. He said the next few years will be �decisive� for the company and said the company will have to form right partnerships and optimize investments.
�Meanwhile, Tata Motors� Jaguar Land Rover (JLR) announced it will make electric cars for the UK market thereby its renewed focus on business. This commitment will also mean the company will safeguard the automakers jobs. The first model of the Jaguar�s flag-ship XJ saloon would become available in 2020 and is likely to be rolled out from the Castle Bromwich plant located Central England.
�Globally the automobile industry is moving towards Electric Vehicles and manufactures are cutting fresh production of petrol and diesel variants after Governments are pushing towards safe environment norms. This is forcing transition in the automobile industry making companies to commit to fresh capital expenditure. On the other hand, the already competitive industry is now allowing new players, including from startups to enter into the business.
(The author is a stock market trainer and blogs at GetPaidIndia.com. He can be reached on WhatsApp at +91 98495 19188.)