‘Tata , JLR face diverse dynamics in key markets’

Tata Motors and its UK-arm Jaguar Land Rover (JLR) are preparing to leverage on India's growth potential but they face diverse 'dynamics' in other key global markets requiring 'specific interventions' to ensure sustainable profitable growth, said company Chairman N Chandrasekaran.

Uncertainty due to market cyclicality, regulatory restrictions on diesel, Brexit and taxation in the UK pose specific challenges in Europe, he added.

Addressing shareholders in the company's Annual Report for 2017-18, Chandrasekaran said, "The global automobile industry is undergoing a structural shift due to technology-led business and market disruption, evolving consumer preferences, market cyclicality, regulatory overhauls and geopolitical uncertainty." The ACES (autonomous, connected, electric, shared) phenomenon is likely to transform mobility and influence consumer preferences going forward, he added.

Tata Motors and JLR, Chandrasekaran said, “are together, preparing to leverage growth potential of the Indian economy, while facing the headwinds of uncertainty due to market cyclicality, Brexit and the decline in diesel demand.” He said some of the key operating markets for the group were faced with diverse market dynamics requiring specific interventions to ensure sustainable profitable growth.