Tata Motors Limited: Strategic Journey Towards Electric Vehicle

Digbijay Nayak, Arunaditya Sahay

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The size of the Indian passenger vehicle market was valued at US$32.70bn in 2021; it was projected to touch US$54.84bn by 2027 with a Compound Annual Growth Rate (CAGR) of more than 9% during the period 2022–2027. The passenger vehicle industry, a part of the overall automotive industry, was expected to grow at a rapid pace, as the Indian economy was rising at the fastest rate. However, the Government of India (GoI) had put a condition on the growth scenario by mandating that 100% of vehicles produced would be EVs by 2030. Tata Motors (TaMo), a domestic player in the market, had been facing a challenging competitive environment. Although it had been incurring losses, it had successfully ventured into the EV business. TaMo had taken advantage of the first mover by creating an electric mobility business vertical to enable the company to deliver on its aspiration of providing innovative and competitive e-mobility solutions. TaMo leadership had been putting efforts to scale up the electric mobility business, thus, contributing to GoI’s plan for electric mobility. Shailesh Chandra, president of electric mobility business, had a big task in hand. He had to scale up EV production and sales despite insufficient infrastructure for charging and shortages of electronic components for manufacturing.

Subjek

STRATEGIC MANAGEMENT
 

Katalog

Tata Motors Limited: Strategic Journey Towards Electric Vehicle
ISSN: 2045-0621
19p.: pdf file.; 1,7 MB
English

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Digbijay Nayak, Arunaditya Sahay
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Penerbit

Emerald Publishing Limited
New York
2024

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