Tata Motors to emerge stronger by 2020: Ratan Tata
Published On Jun 20, 2011 02:40 PM By Vikas
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As per recent developments in Indian car Industry, CEO of Tata group, Ratan Tata said that company’s automobile branch i.e. Tata Motors have to be “more judicious” by 2020 and should incur capability to make products with "consistency, finish and technology" as current standards might not comply with international norms.
Speaking in an interview on Indian automobile industry, Tata said that in-house car companies need to draft, develop and manufacture world-class products in the next ten years so as to deliver customers' requirements.He further added that according to him Indian car companies develop high-class products in some segments but in general, Indian car companies may still lack the international standards. He commented that Tata Motors have to work hard and come up with development of good cars in terms of reliability, finish and technology.
On the matter of obstacles in the path, he said that Tata’s attempts to create cars in India with better technological specifications has been hampered by the astronomical prices of major car accessories and parts like automatic transmissions. Furthermore, Tata India is also suffering from high cost of importing the vital car components, which are not readily accessible in India, due to high excise duty.
He added that since they had to manufacture the car parts in their own units, the time period has been exceeding. He also said that Tata is working hard to come up with world-class cars in India with high-quality and reliability.
And owing to this reason, Tata earlier backed the move of cutting import duties on cars and car components. On the matter of British subsidiary Jaguar Land Rover role in Tata Motors' growth, Mr. Ratan Tata said that possibilities of mixing the engineering and development area are quite high.
He said that company is thinking about unifying the engine projects and utilizing the same platforms for the future, but he also added that the brands will stay different in terms of their location and retail strategy.
