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TMPV Independent Amid Tata Group Tussle, Focuses on Own Strategy: MD & CEO Shailesh Chandra
- •Tata Motors Passenger Vehicles (TMPV) MD & CEO Shailesh Chandra stated the company operates as an independent, listed entity, unaffected by the ongoing Tata Group tussle.
- •Chandra emphasized that TMPV's strategy and plans remain unchanged, distancing the carmaker from group-level disputes.
- •The company is monitoring semiconductor availability but sees commodity price increases as a bigger concern, leading to margin pressure.
- •TMPV is implementing faster cost reduction measures and progressive price increases, though it will avoid hikes during the festive season.
- •TMPV has launched the Aeris compact sedan for personal buyers, replacing the Tigor, while offering the Xpres for fleet operators, with CNG models showing strong demand.
Key Questions Answered
MD and CEO Shailesh Chandra stated that TMPV operates as an independent, listed entity and remains focused on its established strategy, with group developments having no bearing on its business, investments, or future plans.
TMPV is facing significant margin pressure due to a sharp increase in commodity prices over five to six months that cannot be fully passed on to buyers at the same speed. Additionally, upcoming pressure on semiconductor supplies from the AI sector is being monitored.
Priced at Rs 5.29 lakh, the Aeris replaces the Tigor in the personal compact sedan segment, while the Tigor's taxi derivative, the Xpres, continues for fleet operators. The Aeris launches with petrol and CNG powertrains, with an electric version kept as a future possibility.
