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11

72nd Annual Report 2016-17

I am confident that

the series of actions

being taken by the

management team

will succeed and

show an improved

performance in both

the commercial

vehicle and

passenger vehicle

segments in India

and deliver better

financial results.

with renewed focus and energy to improve

our market share, reduce our cost base,

streamline the supply chain and ensure

launch of products on time to delight

our customers.

I am confident that the series of actions being

taken by the management team will succeed

and show an improved performance in both

the commercial vehicle and passenger

vehicle segments in India and deliver better

financial results.

I would like to thank our employees as well

as our extended partners, including dealers,

suppliers and other stakeholders for their hard

work and commitment in this critical phase of

Tata Motors.

Finally, I thank you for your continued trust,

confidence and support.

Best Regards,

N Chandrasekaran

Mumbai, May 23, 2017