RESILIENT PERFORMER

INDIA'S LEADING multinational automotive manufacturing company Tata Motors gave a good account of itself in a challenging environment to deliver a healthy set of financial numbers and retain its seventh position in this year's list of BW Real 500 companies.

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N. Chandrasekaran, Chairman, Tata Motors

The company was ranked seventh in the previous list as well.

"Tata Motors group is now operating as three independent business units of commercial vehicles, passenger vehicles and Jaguar Land Rover, offering differentiated value propositions to their different customer segments whilst leveraging backend and corporate synergies where possible," said N. Chandrasekaran, chairman and non-executive director of the company.

Describing 2021-22 as a busy year' for Tata Motors, Chandrasekaran said the company navigated multiple challenges to strengthen the fundamentals of the business. In FY22, its global sales rose 20 per cent to 1,086,734 vehicles and revenues stood at Rs 2,78,454 crore, 11.5 per cent higher than in FY21.

It must be noted here that the automotive industry saw an adverse impact of commodity inflation and semiconductor shortages all through FY21 and FY22.