Auto industry giant Tata Motors has been at a loss for the past few years. However, company president N Chandrasekharan is expecting Tata Motors to be free by FY2024. We are still adhering to our debt target, ”Chandrasekharan said. Before the Corona era, let us tell you, Tata Motors aims to get rid of the financial year 2024.
Rs 28,900 crore investment: Tata Motors Chairman Chandrasekharan reported a net profit of Rs 28,900 crore in the current financial year. The investment will be made primarily with the British subsidiary Jaguar Land Rover and domestic business.
Responding to a shareholder query regarding the company’s investment, Chandrasekaran said, “In the financial year 2021-22, Rs 28,900 crore will be invested. The total investment in the current financial year is Rs. Will be placed in the JLR.
Electric Vehicles Scheme: Tata Motors will look to raise money for electric vehicles at the right time, he said. The company aims to achieve a 25 percent contribution to EVs in total sales. Right now it’s up 2%. We will introduce at least 10 models before 2025, ”Chandrasekhar said. We plan to continue to be very aggressive in this area.
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We are investing in hydrogen fuel cells and we have also got the first order of 15 such vehicles from Indian Oil, ”Chandrasekaran said. There is much work to be done in the field of hydrogen fuel cells.