For Tatas, Chandra’s 5th year at the helm may be best yet
N Chandrasekaran - PAUL NORONHA×
Out of over ₹8.6-lakh cr market cap added over 4 years, 85% has come from TCS, Tata Motors, Tata Steel and Titan
When N Chandrasekaran took charge of Tata Sons in 2017, he had spelt out three broad areas of focus bringing the group closer together under ‘One Tata’ strategy, driving operating performances, and enabling greater rigour to capital allocation policies. Four years on, Chandra has laid the foundation for Tata group’s next phase of growth with a number of big-ticket moves including the rollout of its e-commerce super-app platform, a big thrust to the electric vehicle segment, healthcare, and high-tech manufacturing.
Tough road ahead for Marc Llistosella
February 15, 2021
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Reviving Tata Motors CV biz and sustaining the growth in the PV segment will be a major challenge
As Marc Llistosella gears up to be at the helm of Tata Motors, he will have to look at sustaining the growth momentum that the company’s passenger vehicle segment has seen which has outpaced peers even amid the challenges of a pandemic whilst he will also be faced with reviving its ailing commercial vehicle business.
Llistosella will be taking the reins of Tata Motors as its new CEO and MD from July, replacing Guenter Butschek.
Scrappage policy to drive growth of used cars in the medium term
February 04, 2021
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Govt plans to levy Green Tax at 10-25% for commercial vehicles over eight years old and personal vehicles of over 15 years
The voluntary scrappage policy, announced during the Budget, can drive the growth of used car volumes in the medium term as customers start replacing their old cars with younger cars, according to companies and analysts.
The Budgent had proposed a voluntary vehicle scrapping policy to phase out old and unfit vehicles. “This will help in encouraging fuel efficient, environment friendly vehicles, thereby reducing vehicular pollution and oil import bill. Vehicles would undergo fitness tests in automated fitness centres after 20 years in case of personal vehicles, and after 15 years in case of commercial vehicles,” she said.
Subscription-based ownership of cars: Many enquiries, but conversion into sales, slow
January 28, 2021
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Despite the sluggish start, automakers and analysts say the new ownership model could gain traction going forward
While the subscription-based model of owning cars is gaining traction in terms of increased enquiries, actual conversion to sales remains low. The subscription-based model allows customers to subscribe to a car for a monthly fee as an alternative to an outright purchase.
Notwithstanding the poor conversion rate of enquiries, companies are planning to take their subscription-based models to new cities and expand the range offered, given the increasing customer affinity for different usage models.