According to Tata Group Chairman N Chandrasekaran, Tata Group spent RS 70,000 crore (US $10 billion) to deleverage, restructure and acquire assets in 2018.
In a year-end message, Chandrasekaran noted that Tata companies are working together to provide for growth opportunities including Tata Motors leading the effort to develop an electric vehicle ecosystem in partnership with Tata Capital for financing and Tata Power for the charging infrastructure network.
Chandrasekaran noted that in 2019 as global growth will rely increasingly on emerging markets, as established markets mature, concerns around country risk, liquidity trends, trade-related shocks, and political uncertainty will be heightened.
Chandrasekaran stated that the global shifts will be effectively addressed by the Tata Group by harnessing scale, synergy, digital depth,operational focus and agility.