Tata Motors Demerger To Boost Global Commercial Vehicle Business, Says Girish Wagh

Ahead of the proposed demerger, Tata Motors Executive Director Girish Wagh has highlighted the potential benefits for the company’s commercial vehicle segment.

What Happened: Wagh said that the proposed demerger of the automotive business into two listed entities will enhance the commercial vehicle segment’s agility and global opportunities, as per a PTI report.

Wagh, in the company’s Annual Report for 2023-24, stated that the demerger will improve focus and agility in the commercial vehicle market globally. He expects FY25 to be an exciting year for the industry, driven by favourable macroeconomic conditions in the domestic market.

See Also: From Near Death To Audio Revolution: How Pocket FM Turned Desperation Into A $150M Revenue Stream

The auto major in March the separation of its passenger and commercial vehicle segments into two distinct listed entities. The commercial vehicle business and related investments will be under one entity, while the passenger vehicle segment, including electric vehicles (EVs) and Jaguar Land Rover (JLR), will form another.

Shailesh Chandra, MD of Tata Motors Passenger Vehicle, expects the PV industry to moderate towards a long-term growth rate after three years of strong growth. He highlighted rising customer preference for safer, smarter, and greener vehicles, particularly SUVs.

Read Next: Anil Ambani Drives Into Mukesh Ambani’s Party In Warren Buffett-Backed Chinese EV


Engineered by Benzinga Neuro, Edited by Utkarsh Roshan


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: MarketsTata GroupTata Motors