Tata Motors, Tata AutoComp Hit a Patchy Road in FY25

Auto drive weakens

- Ayaan Kartik

For Tata Group chairperson N. Chandrasekaran, Tata Motors Ltd has been one of the conglomerate's standout performers in recent years—rising to the third spot in a market dominated by Maruti Suzuki India Ltd and Hyundai Motor India Ltd.

In Chandrasekaran's letter to shareholders as part of Tata Group's holding company Tata Sons' latest annual report, the auto business found a special mention.

"Let me pause and mention one example that exemplifies the best of what we can do: Tata Motors," Chandrasekaran said in his letter.

"With barely 5% share in passenger vehicles in 2017, it seemed an implausible idea that Tata Motors could launch India's first electric vehicle in under one year from design to production, that its market position could rise from 6th to top-3 in the Indian market, that it could transform from a debt of ₹62,000 crore to net cash positive status," he wrote.