The automaker is suddenly the flavour of the season and is poised to grab a double-digit share of the passenger vehicle market for the first time in over a decade. What’s changed?
On 16 March 2020, Tata group chairman N. Chandrasekaran got himself 200,000 shares of Tata Motors, a company that he is also the chairman of. His purchase came even as the prospect of a nationwide lockdown to tackle the COVID-19 pandemic was looming, and the share price of India’s largest commercial vehicle manufacturer had plummeted more than 50% in two months; in fact, it was just shy of its all-time low.
Soon after, Tata Motors announced one of its worst quarterly performances, reporting a loss of Rs 9,894 crore for the three months ended March 2020. The poor economic outlook …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai