Turning around Tata Motors domestic biz need of the hour: Chandrasekaran

Tata Motors' standalone net revenues increased by 3.7%, says Chandrasekaran

Tata Motors Chairman N Chandrasekaran has said turning around domestic business of the company is "the need of the hour" as it has suffered from delays in new product launches, lack of adequate response to competition and an unsustainable cost structure.

Addressing shareholders in the company's Annual Report 2016-17, he said Tata Motors' standalone net revenues increased by 3.7 per cent to Rs 44,777 crore for the 12 months ended March 31, 2017 but standalone loss before tax for the year fell to Rs 2,421 crore, compared with Rs 67 crore in the prior year.

"In the domestic business segment, business turnaround