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Closing FY-17 with a loss of Rs 2480 crore for the standalone entity,TATA chief has informed employees that with an extremely difficult start in the new fiscal year.
TATA's core segment, the CV business, which is the backbone of our company in terms of profitability and revenue, is really worrisome, as we have lost market share in all segments.
In FY-17, Tata Motors’ commercial vehicle volumes increased by only 0.8%, compared with the broader industry growth of 4%
Tata Motors has set an extremely aggressive and challenging task of improving the bottom line, firmly committed to our chairman and the board, he said.
Source:ET
TATA's core segment, the CV business, which is the backbone of our company in terms of profitability and revenue, is really worrisome, as we have lost market share in all segments.
In FY-17, Tata Motors’ commercial vehicle volumes increased by only 0.8%, compared with the broader industry growth of 4%
Butschek said that there were a host of causes - both external and internal – for the company’s inability to match rivals toe to toe in the truck business
This means that it will not be business as usual; it needs disruption. It requires a single minded obsession to deliver excellence and win back our leadership in the market place