Read The Full Text Of Tata Motors Chairman N Chandrasekaran's Speech At AGM "The pandemic resulted in muted consumer demand along with disruptions in production, supply chain and retail networks," N Chandrasekharan said, adding that the last fiscal was a "difficult year" for Tata Motors.
Tata Motors lost 91 people from its ecosystem due to COVID-19: Chandrasekaran "The fiscal year 2021 has been amongst the most challenging to date, with COVID-19 creating a crisis of unprecedented scale and impact across the world. The swiftness and intensity of the pandemic as well as its multiple waves, overwhelmed health systems, devastating lives, and livelihoods," said Chandrasekaran.
Tata Motors to invest Rs 28,900 crore in domestic business, JLR in FY22: N Chandrasekaran Replying to a query from a shareholder on the company's investment expenditure details, Chandrasekaran said, "For FY21 it was Rs 19,800 crore. For FY22 the plan is Rs 28,900 crore, that is basically 2.5 billion pounds for JLR on an annual basis and Rs 3,000 crore to Rs 3,500 crore for Tata Motors."
Tata Motors on course to zero net debt by FY24: Chairman N Chandrasekaran "Last year, due to the internal cash flows and tight management, we were able to reduce the debt by over 7,500 crores. And we are very much on our path and stay committed to meet our target of FY24," Chandrasekaran said at Tata Motors 76th AGM.