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Tata Motors Ltd Undertakes Major Restructuring-The Economic Times

Monday, 14 Jan 2013 08:17am EST 

The Economic Times reported that Tata Motors Ltd' Managing Director, Karl Slym, has initiated a restructuring exercise with an intent to become by 2020, the second largest car maker in sales and maintain leadership position in the commercial vehicle space in the country. The Company has come out with a common vision statement for two verticals - commercials vehicles and passenger cars, instead of earlier norm of a separate vision statement for both. Tata Motors is also aiming to reposition micro car- Tata Nano to excel consumer perception. With the market going through difficult times, Tata Motors is currently operating a single shift for five days across various plants, the report noted. 

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