Arab Today, arab today tata motors readies for auto show
Last Updated : GMT 19:18:58
Arab Today, arab today
Arab Today, arab today

Amid turmoil over chief's death

Tata Motors readies for auto show

Arab Today, arab today

Arab Today, arab today Tata Motors readies for auto show

Former Tata Motors managing director Karl Slym
New Delhi - Arab Today

Former Tata Motors managing director Karl Slym Tata Motors is launching two models this week for India's Auto Expo but the sudden death of its operations chief has left the vehicle giant in turmoil as it struggles to rebuild its fortunes. Tata Motors, a unit of giant Indian tea-to-steel conglomerate Tata, has become almost totally dependent on British prestige marques Jaguar and LandRover (JLR) for profit while its domestic woes go from bad to worse.
Tata Motors managing director Karl Slym had been seeking to drive a revival of India's largest vehicle group when police last weekend said he had plunged from a Bangkok hotel upper floor in an apparent suicide.
The death of the British-born executive, a cricket-mad Indophile, marked a "huge loss for Tata Motors", said Deepak Rathore, director of Indian consultancy Emerging Markets Automotive Advisors.
He "had the right ideas about where Tata should head in product quality, service and new models", Rathore said.
Slym, 51, took over in 2012 as the once red-hot Indian car market was going into a deep descent due to a sharply slowing economy, high fuel prices and surging borrowing costs.
India's passenger car market, the sixth largest globally, fell 10 percent in 2013, the first drop in 11 years and a far cry from the scorching 28.2 percent growth it notched a couple of years earlier.
JLR sales offset domestic dive
A storming performance by storied JLR, a far-sighted 2008 purchase by former Tata group chief Ratan Tata to spread the Indian motor group's wings globally, has kept Tata Motors out of the red and now accounts for 95 percent of its profit.
In Tata Motors's most recently reported second-quarter, profit surged by 71 percent to 35.42 billion rupees ($558 million) from a year earlier as JLR's robust performance offset a domestic dive.
On a standalone basis, Tata Motors' India operations swung to a second-quarter loss of 8.04 billion rupees from a profit of 8.7 billion rupees a year earlier on slumping sales.
"As far as profits go, JLR right now is Tata Motors," Rathore commented.
Underlining the company's poor health, Tata Motors reported Saturday passenger vehicle sales slid 27.85 percent to 10,974 units in January while sales of commercial vehicles plummeted 36.6 percent to 36,657 units.
Sales of the hatchback Nano, launched in 2010 and which flopped as aspirational Indians were turned off by its "world's cheapest car" branding, skidded 72 percent in the first three financial quarters to December 2013 from a year earlier.
Underscoring investor nervousness about Slym's loss, Tata Motors' shares tumbled what analysts described as a "knee-jerk" six percent Monday, a day after his death, before retracing some losses to finish down 3.5 percent at 348.85 rupees Friday.
But Tata Motors' quality, customer service and innovation problems go back long before the general vehicle industry began stalling, industry players say.
Slym told AFP late last year he was determined to create a "wonderful (customer) experience" to improve impressions of Tata Motors.
He said he was determined to "keep reinvigorating our lineup" and steer the Nano upmarket.
New models for Delhi Auto Expo
Just before Slym's death, the company brought out a power-steering variant of the Nano to broaden its appeal.
Last month, the company also showed off the first variant of a new generation of petrol engines called Revotron.
And Monday, just ahead of the February 7-11 auto show, it is set to unveil a heavily revamped compact sedan and hatchback.
"It was far too early to call him a turnaround king but he (Slym) was putting some necessary changes in motion," veteran car industry analyst Murad Ali Baig told AFP.
He had got the board's nod for a new product lineup until 2020 and to revamp manufacturing to eliminate customer complaints about post-purchase glitches.
"It will take time to find someone who can pick up the baton -- someone who knew the Indian market" like Slym, whose career was India-centric, said analyst Rathore.
Slym's "intense focus was on product quality," said Tata spokeswoman Minari Shah.
At the Delhi Auto Expo, 47 carmakers from around the globe from Ford to Volkswagen will launch 69 car and motorbike models -- the most in the fair's 14-year history -- and stage 15 global unveilings.
At Tata Motors, they are toning down the usual hoopla that goes with industry launches out of respect to Slym, but the group knows it must turn around quickly.
"The best thing to do is to go forward with his plans. It's the best tribute," Tata's Shah said.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tata motors readies for auto show Arab Today, arab today tata motors readies for auto show

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tata motors readies for auto show Arab Today, arab today tata motors readies for auto show

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday