Budget opportunities to increase domestic demand as the cloud cloud as an external environment: Tata Automobile Group CFO

Tata Motors Group CFO PB Balaji said on Wednesday that when the external environment is very cloudy, New Delhi, January 29th (PTI), the trade union budget can consider raising consumer measures to promote demand and promote domestic growth.

After experiencing good festivals, the demand has always been weak due to various factors (including severe liquidity and “not obvious market conditions). Although it is not a crisis, the demand is weak.

He said that due to the impact of government infrastructure investment on infrastructure investment, people’s demand for future demand has gradually improved. He said (in budget) measures, which will also help browse all of us facing us. Some are not very good external conditions. ”

“If there are quite a lot of clouds on their external horizon, what is better than looking at our internal consumption?” Parajigi pointed out.

He said that the expectations were clarified from the upcoming budget that as India’s “investment -led story must be played”, you can welcome any measures to cope with the growth of pressure and “turbine growth”.

He said that when the external environment is very cloudy and may cause shock, he said, “Why not use ammunition to promote domestic growth to strengthen yourself … As GDP grows, it will benefit everyone.”

In the third quarter, the net profit reported by Tata Motor Company fell by 22 % BleakThe influence of US $ 5.578 billion, the revenue of its passengers and commercial vehicle departments declined. It releases the net profit of merging Bleak7,145 million in the same quarter of the previous fiscal year.

The company’s total income comes from operations Bleak1,13,575 million BleakIt added that the same period last year was 1,10,777 million.

When asked about the possible impact of U.S. President Donald Trump’s tariff threat from Europe to the US electric vehicle (EV), Baragig said: “At present, we need to wait for a clear attitude. As far as Britain is concerned. It is actually the opposite of the payment balance in the United States. ”

“… the United States exports to the United Kingdom more … Therefore, we need to observe and view how to play a role.”

TATA Motors’s ARM JLR is located outside the UK and produces electric vehicles from the Castle Bromwich manufacturer. Although it has a factory in Slovakia, it produces SUVS LAND ROVER DISCOVERY and LAND ROVER Defender.

Nevertheless, Balaji said that the company will continue to ensure that it will bring all leverage in terms of demand and cost to navigate anything.

He said that in the United States, JLR products are “very popular”. He said that as long as the company gives them “correct value and correct aspirations”, customers will eventually decide.