VOICED: IndiaÕs Tata Motors struggles to weather global recession

In a year that was supposed to be promising for Tata Motors, the company faced challenges due to the global recession. Despite launching the Nano, the world's cheapest car, and acquiring Jaguar and Land Rover, Tata Motors struggled with declining sales and profits. The recession severely impacted the automotive market, leading to a significant drop in Tata's profits. The acquisition of Jaguar and Land Rover added to the company's debt burden. Tata Motors is now focusing on damage control by renegotiating loans and hoping for an economic recovery to boost sales. The company's future depends on the global economic situation and its ability to avoid layoffs.

What was Tata Motors' significant achievement at the beginning of the year?

• Introducing electric vehicles

• Partnering with a tech company

• Acquiring a new manufacturing plant

• Launching the world's cheapest car, the Nano

How did the recession impact Tata Motors?

• Expansion into new markets

• Increased profits

• Significant drop in sales

• Higher sales of luxury vehicles

What financial burden did Tata Motors face after acquiring Jaguar and Land Rover?

• Increased production costs

• Decline in brand value

• Massive debt

• Loss of market share

What strategy did Tata Motors employ to manage its financial crisis?

• Closed several dealerships

• Renegotiated loan repayments

• Launched a new advertising campaign

• Hired a new CEO

What factor is crucial for Tata Motors' future success?

• Introduction of electric vehicles

• Expansion into new markets

• The global economic recovery

• The performance of the Nano