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tata group
Manufacturing Tata Group targets $100bn automotive revenue by FY2031, says chairman N Chandrasekaran
Tata Group has set a $100 billion automotive revenue goal by FY2031, doubling from $50 billion in FY26. Jaguar Land Rover is expected to remain the largest contributor, while the commercial vehicle division, bolstered by the pending Iveco acquisition, aims for $35-40 billion. The group plans Rs 40,000 crore investment in domestic PV and £20 billion in JLR over five years.
Business Noel Tata to Step Down from Six Tata Group Company Boards in November at Age 70
Noel Tata, chairman of Tata Trusts, will step down from the boards of six Tata group companies in November when he turns 70, triggering the conglomerate's retirement age limit for non-executive directors. He will retain his seat on Tata Sons. The departure sets off boardroom changes amid internal conflict at Tata Trusts.
Business Tata Group Directs Air India to Focus on Cutting Record Losses
Tata Group has instructed Air India to prioritise cost reduction over growth, leading to deferral of aircraft deliveries, flight cuts, and postponement of expansion plans. The airline incurred an annual loss of approximately $3 billion and has accumulated over Rs 55,000 crore in losses since 2022. Discussions with Airbus and Boeing to slow deliveries of up to 500 planes are underway.