Fans of the old Defender may still be outraged that their beloved Landy was discontinued, but the new range is Jaguar Land Rover’s global top seller.
The income of Tata Sons is mainly from tech giant Tata Consultancy Services (TCS) which made a profit of Rs 39,106 crore in FY23. Air India, where Tata Sons, had invested a huge amount is estimated to have made a huge loss in FY23.
Tata Sons got a dividend of Rs 33,252 crore in FY23 compared with Rs 11,499 crore in FY22. Of this, Rs 29,881 crore was from Tata Consultancy Services. TCS, in FY23, paid a dividend of 11,500% or Rs 42,090 crore to its shareholders. Tata Sons holds 72.27% of India s largest IT exporter.
British motorcycle brand Norton is owned by TVS Motor Company, and the brand may soon expand into new segments, with possibly even mid-size products to compete with Royal Enfield.
Tata Sons board members, including Venu Srinivasan and Ajay Piramal, took a tour of the facilities of Tata Electronics in Bangalore and Hosur, which is set to become the conglomerate s primary chip-manufacturing vehicle. Tata Electronics hosted the entire Tata Sons brass for its board meeting, where Chairman N Chandrasekaran discussed the future growth plans, top sources aware of the plant visits told ET.