Shailesh Chandra
Managing Director, Tata Motors Passenger Vehicles
Notable Quotes
We are clearly in a ramp-up phase... the waiting period, which today would be, say, around six to seven months, should progressively come down.
We are very committed to bringing it back to the double-digit EBITDA level. The next one or two quarters will be challenged, but the operating leverage coming back, model mix improving from here on, the potential price increase in H2 of the year, I think all these are going to help us.
Our aim with all the actions that we are going to take... should help us keep our market shares above 50% in mid-term.
We took a conscious decision to rather cut the prices rather than keep the discount very heavy because it impacts the brand.
We have been very clear, one, that this is speculation that the hybrids are going to get any benefit from a GST perspective.
The biggest opportunity I see is that 75% of the sales of EVs today is coming from only 25 cities. So all the manufacturers, including us, are yet to expand into the larger part of the country.