Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
332.55
-0.45 (-0.14%)
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Tata Motors sets in motion business plan to maintain optimal level of stock with dealers

Date: 27-04-2021

Tata Motors has set in motion a business plan to protect and serve the interests of its customers, dealers and suppliers as the lockdowns enforced in various parts of the country are expected to impact vehicle demand temporarily. As per its 'Business Agility Plan', the company aims to maintain an ‘optimal level’ of stock with dealers to meet customer demand, depending on the market situation.

By carefully calibrating and matching supplies with retail demand, the company shall ensure that optimal levels of inventory are maintained with dealers to meet whatever customer demands arise and also be prepared for a rebound in demand once the situation returns to normalcy. The company would also continue to review and plan for the critical raw materials to cater to this volatile demand outlook and work closely with its vendor partners to meet the same.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.