News: Tata seeks KPMG, Roland help to reduce costs

C-Suite

Tata seeks KPMG, Roland help to reduce costs

India’s premier automobile company, Tata Motors is believed to have sought expert assistance from KPMG and Roland to help it with cost reduction in JLR. Faced with severe cash crunch, the company is believed to have suffered losses to the tune of ₤673 million the previous year. It is estimated that since its acquisition of the two British car brands, the Jaguar and Land Rover, the company has spend around ₤1 billion to keep them in business. Earlier, Tata Motors was able to post 60% increase in its quarterly profits due to cost reduction efforts in recent times.

India’s premier automobile company, Tata Motors is believed to have sought expert assistance from KPMG and Roland to help it with cost reduction in JLR. Faced with severe cash crunch, the company is believed to have suffered losses to the tune of ₤673 million the previous year. It is estimated that since its acquisition of the two British car brands, the Jaguar and Land Rover, the company has spend around ₤1 billion to keep them in business. Earlier, Tata Motors was able to post 60% increase in its quarterly profits due to cost reduction efforts in recent times.

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Topics: C-Suite, Performance Management, #Updates, #ChangeManagement

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