Tata Motors eyes Rs 19 bn cost cuts, to launch 50 variants in CV segment
About one-third of these launches have happened in the current quarter Companies News : Tata Motors is aiming to save Rs 19 billion through cost reduction initiatives during 2018-19, a number comparable to last financial year. It will launch 50 new variants and products in the commercial vehicle (CV) segment, the backbone of the company. The cost savings of the last year came from both the CV and passenger vehicle (PV) division of the domestic business. Some of the cost saving initiatives include, bringing efficiencies in procurement of raw material and components and alternate cost effective sourcing. “The larger portion of cost savings came in CV division. The cost reduction we achieved was quite significant. It helped us to negative the expenses arising out of BS-IV emission norms . The efforts that we took last year will also bear fruits this year. We can expect a similar amount of cost reduction at a gross level to happen this year as well. It will hel