The Tata group company Titan’s margin fell short of expectations and analysts believe it is expected to remain under pressure in the near future amid competition.
What lies ahead for Tata Group, Vistara and AirAsia India?
Will AirAsia India be merged with Vistara? Will such a decision depend on the outcome of the privatisation of Air India? There are many challenges that await the salt-to-software conglomerate’s aviation business. But the good thing is that it ended 2021 on a good note, increasing market share, and girding up for the battles ahead January 19, 2021 / 01:34 PM IST
A month after the news of Tata Sons increasing its stake in AirAsia India to over 80 percent and the month when the Air India bidding process is likely to go a step ahead, the Tata group has received a pleasant surprise. The joint market share of Vistara the group’s joint venture with Singapore Airlines and AirAsia India the joint venture with AirAsia Group has touched 13.2 percent and crossed the market share of Spicejet, the second largest carrier in the country, for December.
Electric vehicles: the next growth driver
After recently launching Jaguar XE, Jaguar XF, and Land Rover Discovery, the company is building further on its expansion plans in the EV segment. It remains committed to its electrification strategy and has a growing portfolio of electrified Jaguar and Land Rover vehicles extending to 12 models across its portfolio. JLR also plans to continue with the rollout of its new range of 21 Model Year vehicles.
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Over the last few years, Tata Motors has channelised a significant part of its efforts towards the development of electric vehicles and the results are showing now. Suraj Ghosh, principal analyst at IHS Markit says that while Tata began its journey with the Tigor EV, it s the success of Nexon that made the difference. “The Nexon has hit a nice balance between affordability and parity with ICE-vehicles (internal combustion engine vehicles) as it demands only about 20% premium over its top-trim diesel automatic variant,”