Post COVID-19, Tata Group Plans to Venture into Digital Healthcare & Electronics
Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world, the $100 billion conglomerate's chairman . Tata, whose operations span hotels, steel, airlines, electronic goods, and technology services, will also place big bets on electric vehicles, renewable energy and battery storage, N Chandrasekaran, who is also known as Chandra, added."When you look at trends for the future, definitely there are clear signs you can pick up. Anything that is digital, we're making a big bet on," Chandra told the Reuters Next conference.
Tata is also building an online business-to-business platform. The owner of British luxury brand Jaguar Land Rover (JLR) is placing big bets on electric vehicles as well as on battery storage and renewable energy for consumer and industrial use."We are very serious about electric vehicles," Chandra said, adding that Tata is investing in developing clean technology cars at home through Tata Motors and at JLR
The COVID pandemic has triggered the adoption of technology, transforming the way people live, work and consume as well as how companies function, he added. Tata has already made public its intent to launch an umbrella app enabling access to all its consumer businesses, Chandra said, in a concept borrowed from China where apps such as Alipay allow everything from hotel bookings to e-commerce
Manufactures are investing in EVs, largely driven by tighter government regulations on polluting vehicles, with Tesla, now the world's most valuable car company, readying plans to launch in India this year. Chandra said the adoption of technology and shift in consumer and corporate behavior will lead to the creation of new and shared workplaces closer to where people live.
In the meantime, there will be a higher degree of automation in Indian factories driven by greater use of artificial intelligence, internet of things or connected devices and data. With some of these changes unlikely to reverse, Chandra is looking at new opportunities for Tata, particularly as India's economy springs back from damage during the early stages of the pandemic last year.
Tata is also building an online business-to-business platform. The owner of British luxury brand Jaguar Land Rover (JLR) is placing big bets on electric vehicles as well as on battery storage and renewable energy for consumer and industrial use."We are very serious about electric vehicles," Chandra said, adding that Tata is investing in developing clean technology cars at home through Tata Motors and at JLR
The COVID pandemic has triggered the adoption of technology, transforming the way people live, work and consume as well as how companies function, he added. Tata has already made public its intent to launch an umbrella app enabling access to all its consumer businesses, Chandra said, in a concept borrowed from China where apps such as Alipay allow everything from hotel bookings to e-commerce
Manufactures are investing in EVs, largely driven by tighter government regulations on polluting vehicles, with Tesla, now the world's most valuable car company, readying plans to launch in India this year. Chandra said the adoption of technology and shift in consumer and corporate behavior will lead to the creation of new and shared workplaces closer to where people live.
In the meantime, there will be a higher degree of automation in Indian factories driven by greater use of artificial intelligence, internet of things or connected devices and data. With some of these changes unlikely to reverse, Chandra is looking at new opportunities for Tata, particularly as India's economy springs back from damage during the early stages of the pandemic last year.
