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Tata Motors' Biggest Problem Is Not Chip Shortage: BQ Exclusive
Chip shortage is not Tata Motor’s biggest problem...
20 Aug 2021, 01:54 PM IST
India’s third-largest carmaker, Tata Motors Ltd., is concerned about the rising costs of raw materials.“It (raw material cost) is becoming very, very painful,” PB Balaji, chief financial officer at Tata Motors Group, told BloombergQuint in an interview. “Prices right now are moving so fast that we are not able to process it,” he said. According to Balaji, in the last one year vehicle cost across categories has gone up by 14% due to e...
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