Tata Tech sees future demand in EV, aviation

IPO-bound Tata Technologies expects a bump in demand from Tata Group anchor clients Jaguar Land Rover (JLR) and Tata Motors in the near term, Warren Harris, chief executive of Tata Technologies Ltd said in an interview. The company though will continue to diversify revenue sources to other companies and segments over time.

- Ranjani Raghavan

Both Tata Motors and JLR expect to increase their capex which eventually will benefit Tata Tech, he said.

“Both companies have been through some headwinds. And JLR has recently been grappling with the semiconductor challenge. Tata Motors really didn't turn around that passenger vehicle business until three, four years ago. But because of the success of transitioning through those headwinds, both companies are much more bullish about their short, medium and future prospects and as a result, have confirmed increases in their capex," Harris said.

He said that Jaguar is being introduced next year as an all-electric brand. Tata Motors has about an 80% market share in electric vehicles and is investing very heavily to protect that share.