Tag: Ratan Tata
Cyrus Mistry vs Tata Group has been seen as one of the most high profile and publicly fought corporate battles in the country.
Tata Technologies has emerged as a leader in the development of electric vehicle space for both well established global manufacturers and for startups.
The five biggest spenders on R&D in India were Tata Motors, Mahindra, Maruti Suzuki, Honda Cars and Ashok Leyland. As per data revealed by SIAM (Society of Indian Automobile Manufacturers) and CMIE (Centre for Monitoring Indian Economy).
Cyrus Mistry's letter to the Tata board stakes claim on why Ratan Tata continued with the loss making Nano project.
Cyrus Mistry’s email to Board of Directors states that loss making Tata Nano project was kept alive due to sentimental reasons, and to provide 'Nano gilders' to an electric vehicle company in which Mr Ratan Tata is a stake holder.
Reports suggest that Cyrus Mistry could move Bombay High Court challenging his ouster from Chairman post by Tata Sons Limited.
Ratan Tata was re-instated as the Tata Sons Chairman, after the board decided to remove Cyrus P Mistry from the post.
Chairman Emeritus of Tata Group, a $120 billion Indian conglomerate, 77 year old Ratan Tata is a Padma Vibhushan recipient.