Tata Motors, JLR face diverse dynamics in key markets: Chief Chandrasekaran

Tata Motors and its UK-arm JLR are preparing to leverage on India's growth potential but they face diverse 'dynamics' in other key global markets requiring 'specific interventions' to ensure sustainable profitable growth, according to company Chairman N Chandrasekaran.

Uncertainty due to market cyclicality, regulatory restrictions on diesel, Brexit and taxation in the UK pose specific challenges in Europe, he added.

Addressing shareholders in the company's Annual Report for 2017-18, Chandrasekaran said, "The global automobile industry is undergoing a structural shift due to technology-led business and market disruption, evolving consumer preferences, market cyclicality, regulatory overhauls and geopolitical uncertainty."

The ACES (autonomous, connected, electric, shared) phenomenon is likely to transform mobility and influence consumer preferences going forward, he added.