Speaking about the transformation of Tata Motors, Chandrasekaran said that the teams work hard and if they succeed it leads to more energy, innovation and aspiration.
He said that at Tata Motors they made a bet on electric mobility, which paid off. “We have done incredibly well and we owned 80 per cent of the market in a very short span of time,” said Chandrasekaran, further adding that at Tata Motors they have 10 launches for electric vehicles planned. “We cannot fall behind in the launches – every product has to be good, the quality has to be good, customisation has to be good. We are still launching the cars with the technology that we have,” he said.
“But the cars that will come in 2025, we are completely revamping the technology. There is no reason for Indian cars to have less technology than in the rest of the world,” he said.
He also said that the company is working with various startups for novelty vehicles. Speaking about lithium ion batteries, Chandrasekaran said that they don’t know when that sector will get disrupted. “There will be sodium and there will be aluminium,” he said.
While companies must innovate, their adaptation and agility should also be faster, he said. “We can’t say we will take 4 years, 3 years, it doesn’t work,” he said.
Also WATCH: N Chandrasekaran, Nandan Nilekani among winners of BT Best CEO Awards; what Jyotiraditya Scindia, Ajay Piramal said at BT MindRush
Also WATCH: ‘The sky is the limit’ as Civil Aviation Minister Jyotiraditya Scindia aims to make India a global aviation hub: Key highlights from BT MindRush
Also read: BT Mindrush: Tata's Chairman N Chandrasekaran reveals company's semiconductor manufacturing plans
Also Watch: Maruti Suzuki Dividend: Record 1,800% dividend announced; Check amount, payment date, dividend history, and more