Tata Motors expects better performance in the second half of the current financial year due to improvement in supply

Tata Motors expects that the second half of the current financial year will be better for it.

Tata Motors expects that the second half of the current financial year will be better for it. This will happen due to the improvement in supply conditions and stability in commodity prices.

Tata Motors (Tata Motors) expects that the second half of the current financial year will be better for him. supply (Supply) improving the situation and commodity (Commodity) This will happen due to the stabilization of prices. Tata Motors Chairman N Chandrasekaran during the company’s 77th Annual General Meeting (Shareholders) Said this from Chandrasekaran said that despite various external challenges, the demand for the company’s vehicles across sectors remains strong.

The demand for the company’s vehicles improved

Chandrasekaran said the overall supply situation with semiconductors is improving gradually and commodity prices are stabilizing. In such a situation, the performance in the second half of the financial year 2022-23 will be much better than the first half. In such a situation, further improvement is expected in the performance for the whole year.

Chandrasekaran further said that the demand for vehicles in every business segment of the company remains strong. This is despite geopolitical tensions, supply-side constraints and inflationary concerns. He said that Tata Motors is working towards being future ready and creating a good cycle of growth and returns for its shareholders.

Chandrasekaran said that the prospects in the near term may be volatile with many challenges, but the right steps are being taken to meet them and I am confident that we will emerge stronger. He said that the shift towards sustainable mobility will happen and the Tata Motors Group will be at the forefront of green mobility globally.

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