Tata Group Set to Invest in Semiconductor and Mobile Battery Manufacturing
Tata Group, the multi-product conglomerate, is gearing up for significant investments in semiconductor and mobile battery manufacturing businesses, as revealed by Natarajan Chandrasekaran, Chairman of Tata Sons. During the acceptance of the MMA-Amalgamations Business Leadership Award 2023, Chandrasekaran disclosed that the group is on the verge of announcing its strategic investments in the semiconductor sector. Additionally, plans for investments in mobile battery products will also be unveiled shortly.
Highlighting the group's foray into mobile phones, Chandrasekaran emphasized that this is just the beginning, hinting at a broader spectrum of business opportunities. The Tata Group had previously exited less impactful ventures, such as the mobile telephone business, focusing on consolidating and scaling up businesses with positive cash flows.
Speaking on his leadership philosophy, Chandrasekaran emphasized the importance of 'values first and valuations next'. He underscored that business valuations are an outcome of controlled inputs, with outcomes beyond immediate control. Drawing parallels with an athlete adapting to various terrains, he suggested that companies need to flex different muscles to adapt and progress.
Addressing competition, Chandrasekaran encouraged companies to run their own race and prioritize providing value to customers. He also praised the Indian government's efforts under Prime Minister Narendra Modi, citing a conducive environment for global companies to source from or manufacture in India.
In the evolving geopolitical landscape, Chandrasekaran remarked that India is finding its distinct position in the new world order, acknowledging the positive strides made under the current leadership.
