Friday, January 04, 2013
By Pawan Rana
Tata Motors core remains the same: Mistry
On 28th of December 2012, which was also the birthday of Mr. Ratan Tata, he retired and handed over the Chairmanship to Cyrus P. Mistry. Mistry aims to take the corporation to another level and engage more in global markets and focus on other international markets as well. The firm is also planning to invest a whopping Rs. 45000 crore across its numerous businesses in India. The first message given by Mistry to its employees was that the core of Tata Group will not change and it will be continue to be same as before in spite of the change in leadership.
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The change in the leadership brings in a lot of changes, but the core will remain unchanged. Without this core, Tata Motors is nothing different than others. Mr. Mistry is also very confident in the growth story of the country and mentioned that the government’s fresh efforts towards the refurbishment and policy stability are quite impressive and encouraging for the firm. With this, India will definitely be the thriving investment destination for other auto majors around the world. Tata Group is looking forward towards its role in this process and hopefully it will lead to the growth of the Indian car bazaar even more.
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However, on the other hand, the December 2012 sales of Tata Motors were not that impressive as it was expected. The company saw a tumbling of 51 percent in the sales of Dec 2012 for the company. Last year, Tata Safari Storme and Tata Manza Club Class were launched by the firm and they managed to do pretty well in their respective segment. Hopefully, with the change in leadership, Cyrus Mistry will try to pull some strings and take the legacy of Ratan Tata forward with pride and glory.