UFlex Exhibits Its Wide Range of Sustainable Flexible Tube Solutions At Cosmohome Tech Expo 2023

UFlex Ltd., India’s largest multinational flexible packaging and solutions company, will showcase a wide range of flexible tubes and packaging solutions featuring cutting-edge innovation and sustainable packaging structures for brands in beauty and cosmetics industry, at Cosmohome Tech Expo 2023 in Pragati Maidan, New Delhi from July 19-21, 2023.

UFlex will showcase Remika, Kraftika, and Earthika, its popular range of eco-friendly tubes and several other anti-counterfeit, brand enhancement, and packaging solutions at the expo. Kraftika is suitable for all applications and reduces plastic in sleeve weight by 45%- 50%.

As the first company in India to develop a sustainable paper-based packaging solution for a leading cosmetic brand, UFlex is enabling businesses to deliver on their sustainability goals and help contribute to the environment. The demand for customized and sustainable tube-packaging formats has grown exponentially over the past few decades.

UFlex will be present in hall no. H5, booth no. C20A, at Cosmohome Tech Expo 2023, where visitors can experience new age packaging solutions for cosmetics, paper based and 100% recyclable tubes, customized brand enhancement solutions, and anti-counterfeiting features. Available in gloss, holographic, matte, matte metallic and gloss dual finish; Flexitubes are aesthetically appealing, eco-friendly, and deliver on all critical global brand standards.

Visit the UFlex stand from 10:00 AM to 6:00 PM.

RFPIO Rebrands Company To Responsive, Emerges As Breakout Category Leader In Strategic Response Management

* The Responsive SRM Platform helps organizations accelerate revenues and mitigate risks by enabling teams to respond more effectively to a broad range of business-impacting information requests

RFPIO, the leader in strategic response management software, today announced it is rebranding the company to Responsive given the significant expansion in the breadth of response use cases it supports beyond RFPs. Responsive now has nearly 2,000 customers including 20% of the Fortune 100, and more than 300,000 users. These companies are using Responsive’s industry-leading SaaS platform to handle a broad set of response use cases ranging from RFPs, RFIs and RFQs to security questionnaires, due diligence questionnaires, ad hoc requests for information and more.

Founders Ganesh Shankar, AJ Sunder and Sankar Lagudu established the company in 2015 after collaborating on RFPs at their previous company. While serving in their respective roles, they experienced firsthand the myriad challenges organizations face responding to RFPs with traditional collaboration and content management tools. Information was strewn in silos across the organization, inconsistent and often out of date. They also found it hard to collaborate with other subject matter experts on answers to questions, and difficult to project manage RFP responses in general. Given their experiences, the founders knew there had to be a better way to respond to RFPs - leading them to focus on building a platform with the capabilities necessary to enable organizations to put their best foot forward with RFP responses.

Fast forward to today, and Responsive highlights include the following:

* Largest, fastest growing, most profitable company in category: Responsive has nearly 500 employees globally and is the fastest growing company in its space, while also operating profitably. Furthermore, the team has carefully managed growth and is currently funding its operations with revenue generated from customers rather than additional rounds of funding.

* Significant value delivery: Responsive is driving significant business value for its customers by helping them win more deals and mitigate business risks associated with sales contracts, while also providing better employee experiences for response teams. To date, Responsive customers have used the company’s platform to engage in more than $200B in revenue opportunities to help fuel additional growth.

* Breakout leader in “Strategic Response Management” (SRM): Responsive has emerged as the breakout category leader in the new SRM market, supporting a broad set of response use cases that goes way beyond just RFPs. Aragon Research recently published a seminal paper on SRM titled “Getting to Faster Business Results with Strategic Response Management,” which featured RFPIO/Responsive as pioneering the category. Aragon estimates the SRM market size at $3.34B in 2022 growing to $22.74B by 2028 with a CAGR of 35 percent.

* Platform-approach and innovation focus create compelling value proposition for customers across geographies, business segments, and industries: Customers regularly select Responsive based on its powerful platform that delivers extensive collaboration, content management, project management, requirements analysis, proposal management, profile management, and analytics and reporting capabilities, as well as its best user experience, broadest set of customer success programs and most extensive set of integrations. Responsive’s close partnership with its customers has played a vital role in enabling the company to continue delivering industry firsts. For example, Responsive was the first in its category to leverage AI for pre-populating new information requests with “best of” answers from previous responses, optimize user experiences in real-time, and utilize generative AI to help responders tune answers in a variety of ways. New innovations in Responsive’s recent GPT, Spring 2023 Release, and Summer 2023 Release announcements demonstrate how the company continues to deliver the market’s most powerful platform.

* Highly experienced growth team: Responsive has recently expanded its executive team with veterans of hypergrowth SaaS enterprises, hiring Michael Londgren as chief marketing officer and Jeff Santelices as chief revenue officer. Michael is a technology marketing leader with deep executive experience scaling hypergrowth businesses including DocuSign, Google G Suite (now Workspace), and Seismic. And Jeff brings extensive leadership experience driving growth at companies including Apttus (now Conga), Mindtickle and Corio/IBM.

* Repeated acknowledgement for industry leadership: Responsive is regularly recognized as a leader within the industry and has generated top rankings in multiple G2 reports (Top RFP Software, No. 1 Momentum Leader in RFP Software, 2023 Best Software List for Office Products, and Best Estimated ROI for RFP), was included in the 2022 Deloitte Technology Fast 500, 2022 Inc. Power Partner Awards and 2022 Inc. 5000 lists, was celebrated for its company culture and diversity in back to back annual awards from Comparably, and was highlighted by The Wall Street Journal Pro - Venture Capital for its early embrace of generative AI in an enterprise SaaS solution.

“We always knew we were building a solution that was capable of doing far more than just fixing broken RFP processes,” said Ganesh Shankar, CEO, Responsive. “Today, our solution has become the industry-leading strategic response management platform that enables response teams to address a wide variety of business use cases, helping them increase revenues, mitigate risks, and provide better employee experiences. Given this significant expansion of our overall value proposition as well as the company’s overall momentum, now’s the time to rebrand the company to Responsive. We are excited about the company’s journey thus far, and even more excited about the path ahead.”

What Customers Are Saying

Microsoft: “Responsive’s impact on our pursuits has been incredible: It’s simplified and streamlined finding relevant content and improving it; it’s centralized and minimized burdensome administrative tasks. In short, the time it saves pursuit teams enables those teams to focus more on what will win,” said Mitchell Galloway-Edgar, Senior Business Program Manager at Microsoft.

Nationwide: “How do we manage our information, keep it up to date and make it available for people to use? Every time this information challenge comes up with other teams I tell them about Responsive,” said Linda Campbell, Proposal Director for Nationwide Retirement Plans. “So far, two other teams have started using it, with another joining this year. In the end, it’s all about the ease of using Responsive for information management.”

Optum: “Ultimately, people want to experience something that will make their job easier. That’s what we all want to achieve with Response,” said Joel Van Pelt, Director of Innovation and Strategy, Growth Proposal Services at health services innovation company Optum.

Teradata: “The ease of use cannot be understated. A senior manager on my team had never used a software system at all. He was skeptical because he thought it would slow down his process. When he saw Responsive,” said Terradata’s Joseph Ayala, Proposal Development Center Director. “I’m sold. The information security team is using it for questionnaires. It shortened their completion time from 40 hours to 12.”

Talkdesk: “We have a 100% customer satisfaction rate internally from all users of Responsive,” said Anthony Rossi, Proposal Manager. “Responsive has a multiplicative effect on your proposal managers; operationally, it doubles your effective headcount.”

About Responsive

Responsive (formerly RFPIO) is the global leader in strategic response management software, transforming how organizations share and exchange critical information. Our innovative, best-in-class platform and customer value programs empower companies to accelerate growth, mitigate risk and improve the employee experience. With Responsive, frontline teams deliver superior responses using intelligent technologies to quickly, accurately and automatically manage RFPs, RFIs, vendor security questionnaires (VSQs), due diligence questionnaires (DDQs), risk assessments, business presentations and all other complex information requests (RFXs).

CHARGE+ZONE Launches ChargeCloud: A SaaS Solution For EV Charging Stations

* Nominal subscription fee of INR 499/-* per charger per month with add-on features for APIs.

* Compatibility with platforms via ChargeCloud mobile app

* Interoperability enhances charging network for wide range of EV drivers

* ChargeMasters aid seamless operations & maintenance of chargers with 95% uptime

CHARGE+ZONE, India's fastest growing EV charging company, today announced the launch of ChargeCloud, a network operating software solution for EV charging station management systems. With ChargeCloud, charging station operators can unlock unrivaled potential, supercharge revenue, and maximize charger utilization effortlessly.

ChargeCloud offers a wide array of powerful software services that instantly connect chargers to CHARGE+ZONE's robust Charging Station Management System (CMS). For a nominal subscription fee of just Rs 499/-* per charger per month, charging station operators gain access to a suite of features designed to revolutionize their revenue streams. The smart software solution manages charging sessions, increases charger utilization, and provides real-time data insights to assist users in making informed decisions for peak performance from their charging infrastructure.(*basic rate, conditions apply).

Commenting on the launch, Mr. Kartikey Hariyani, Founder and CEO of CHARGE+ZONE said, "We are proud to deliver ChargeCloud, which is a state-of-the-art software solution for the EV charging industry that not only streamlines charging sessions and maximizes charger utilization but also provides real-time data insights for informed decision-making. ChargeCloud represents a significant breakthrough in the EV charging industry, allowing charging station operators to fully leverage this advanced software. At CHARGE+ZONE, our mission extends beyond providing innovative solutions. We are dedicated to creating a greener planet and fostering a sustainable future for all. By encouraging people to embrace the growth of the EV ecosystem, we are collectively working towards reducing carbon emissions and promoting a cleaner environment."

Compatibility is a key feature of ChargeCloud, enabled through the ChargeCloud mobile application. This interoperability enhances the charging network, empowering charging station owners to capture a vast customer base and guarantee compatibility with a wide range of EVs from various car manufacturers, thus providing seamless services to drivers and owners. ChargeCloud goes beyond conventional software solutions with the introduction of ChargeMasters, a dedicated team of experts responsible for seamless operation and maintenance (O&M) of chargers. 

Mr Ravindra Mohan, Director (Strategy & Business) of CHARGE+ZONE said, “With the introduction of ChargeCloud we are ushering in a new era of electric vehicle charging that is smarter, more efficient, and highly scalable. ChargeCloud represents the culmination of our tireless efforts to create innovative solutions that make a lasting impact. We are excited about the possibilities it holds for the future of electric mobility and are committed to driving its widespread adoption. By offering a smarter and more efficient charging infrastructure which is homegrown - Made In India for Indian EV drivers, we aim to make their experience at charging stations hassle-free and a pleasant one. Thus, we are actively contributing to building a sustainable transportation ecosystem. We are proud to be at the forefront of innovation, driving sustainable mobility forward and creating a cleaner, greener future. At CHARGE+ZONE, we are committed to accelerating the transition to electric mobility. ”

An early mover in the EV space, CHARGE+ZONE has positioned itself among various OEMs/eMobility/Locational partnerships including Hyundai, Mahindra & Mahindra, AshokLeyland, VolvoEicher, Tata Motors, Marriott, Hyatt, Fortune, Landmark Group who are India’s credible players and front-runners in the EV eco-system market. As of March 2023, CHARGE+ZONE has more than 3,200+ charging points across more than 1,600 EV charging stations in operations or construction in 37 Indian cities and has covered more than 10,000 kms of highways and aims to reach one million charging points by 2030. CHARGE+ZONE will increasingly integrate solar and wind power generation for their charging stations wherever feasible per the electricity regulations with respect to each of the state policies.

About CHARGE+ZONE

CHARGE+ZONE is a leading tech-driven EV Charging network company specializing in B2B and B2C charging services on both dedicated and opportunity-based charging using smart-grid networks. Based in India, with indigenous development of the technology of mobile-app and CMS with firmware/web-socket cloud-based computing for super-fast EV charging as well as battery swapping. CHARGE+ZONE is on a mission to establish one million charging points across important markets of EVs in India for cars, buses and even trucks. To know more, visit www.chargezone.com or email at info@chargezone.com.

Moneycontrol Startup Conclave 2023 Culminates oO A High Note

* The event witnessed attendance by leading Industry giants like NR Narayana Murthy, Pullela Gopichand, T Koshy, Harshil Mathur, Sameer Nigam, Vishal Dhupar, and more.

* In attendance were Silicon Valley giants like Vinod Khosla, Investor in OpenAI and Jeff Maggioncalda, CEO of Coursera, as well.

* The event’s theme was centred on - "When The Going Gets Tough, #ToughGetGoing.”

Moneycontrol team is happy to announce the grand culmination of the highly anticipated Startup Conclave 2023, a landmark event that congregated prominent entrepreneurs, industry leaders, and visionaries from around the world. Held on July 7th in Bengaluru, the conclave proved to be a resounding success, igniting inspiration, fostering collaboration, and shaping the future of India's robust startup ecosystem.

Throughout the day-long event, attendees were treated to an exceptional lineup of engaging sessions, thought-provoking discussions, and insightful keynote speeches spotlighting the perspective of legacy institutions, regulatory bodies and even digitally adept architectures that aimed to collaborate, compete, yet co-exist in the future. 

The fireside chat between NR Narayana Murthy and Rohan Murthy, where the father-son duo shared their wisdom and discussed the journey from startup street to Dalal Street, captivated the audience with their anecdotes. On sharing what it takes to be an entrepreneur he stated, “They must have the power of imagination. They must be comfortable with innovation, with doing something unusual.” 

On devising leadership and organizational structure, he suggested, "Every startup company must have only one leader. There cannot be two or three leaders. Just one leader." He added, "Once the managerial phase comes in, you invite managers to create systems and processes, establish protocols, invite independent directors, and have a good governance mechanism."

The event also witnessed exclusive interviews with industry stalwarts such as Jeff Maggioncalda, CEO of Coursera, and Nir Eyal, renowned author of "Hooked," leading the attendees to embrace innovation and disruption. Also featured were thought-provoking discussions on fintech, artificial intelligence, digital infrastructure, and the growth vs. profitability debate, that spotlighted the consolidation and convergence of sectors among startups in India.

Moneycontrol Startup Conclave 2023 triumphantly fulfilled its objective of creating a platform for meaningful dialogue, fostering collaboration among stakeholders. The event witnessed an attendance of over 700 attendees, in-person while several others joined via live stream. 

Commenting on the success of the event, Mr. Puneet Singhvi, CEO, Digital & President, Corporate Strategy at Network18 Media & Investments Limited said - "We are thrilled with the ethos and impact garnered by Moneycontrol Startup Conclave 2023. The event exceeded our expectations, serving as a catalyst for inspiring discussions, forging valuable connections, and fueling the entrepreneurial spirit in India. We are proud to have provided a pedestal for bolstering the future of India's startup ecosystem through this prestigious conclave."

Moneycontrol expresses its gratitude to all the distinguished speakers, esteemed guests, presenting partners, organizers, and media personnel whose attendance contributed to the success of the Startup Conclave 2023. The conclave served as a testament to the resilience, innovation, and determination of the Indian startup community.

For more information and to access the event's highlights and recordings, visit the official website: www.startupconclave.co.in     

IDBI Bank introduces special Rates on FDs

IDBI Bank has introduced a special bucket of “Amrit Mahotsav FD for 375 days” offering a peak rate of 7.60% p.a. valid till August 15, 2023.  Besides this, existing “Amrit Mahotsav FD for 444 days” under callable option offers a peak rate of 7.65% p.a. and under non-callable option offers a peak rate of 7.75% p.a..

 

Save The Indian Onlone Skill Gaming Industry: 1 Million Indian Jobs, 400 Million Users And $2.5 Billion Investments

We are a group of 100+ Indian entrepreneurs, CEOs, and Industry Federations which are representative of leading Indian online gaming companies, that are trying to create a vibrant online gaming industry capable of competing globally. We believe that the online gaming industry will be one of the cornerstones of the Hon’ble Prime Minister’s vision of the $1 trillion digital economy.  

Online skill gaming, with a $20 billion enterprise valuation, $2.5 billion in revenue, and $1 billion in annual taxes, is set to grow by 30% CAGR to reach $5 billion in revenue by 2025. The total number of Indian online gamers grew from 360 million in 2020 to over 420 million in 2023. India’s gaming industry attracted FDI of about $500 million between 2014 and 2020, and over $1.5 billion between January 2021 - June 2022. The industry currently supports lakhs of direct and indirect jobs, and these numbers will grow substantially in the next few years.  

Further, the Central Government’s progressive initiatives such as the formation of the Inter[1]Ministerial Task Force (IMTF), change in Allocation of Business Rules to allocate a line ministry, and notification of the Online Gaming Rules which provide for a uniform national regulatory framework and clarity on direct tax (TDS) for online gaming, especially the progress made to differentiate between games of skill from games of chance, have been a major boost for the industry.  

Sir, the recent recommendation by the GST Council to club online skill gaming, a constitutionally protected activity, with betting and gambling, has left the industry in significant distress.  

The proposal to charge GST on the full Deposit Value will reverse the growth trajectory of the industry. This would potentially have devastating implications (including shut down of businesses) for MSMEs and startups that may not have the capital reserves to withstand such a sharp tax increase. Further, this decision will encourage illegal offshore gambling operators, drive Indian users to them and ultimately lead to neither optimal tax collection nor the growth of the legitimate industry.  

The online skill gaming companies provide a platform where players can compete in games of skill by paying a small platform fee. In the tech sector, a platform pays GST only on the portion of the service fee that it charges from a user, being the value of the service. The recommendation of the GST council to levy GST on the full deposit poses a significant threat to the industry’s success, gaming innovation and continuity.  

We highlight 8 core points that underscore the adverse impact of such taxation:  

1. Hampers the Digital India Initiative and Hon’ble PM’s Vision: The Hon’ble PM has on multiple occasions championed the online gaming industry and stated that India should be a leader in this space. Taxing online gaming to the point of unviability, contradicts this vision and hampers the government's efforts to promote Indian digital entertainment, technology-driven innovations and affects all the key mission mode programs including Make in India, Startup India, Digital India and AatmaNirbhar Bharat.  

2. Implications for Start-ups and MSMEs: The implementation of the recommendation of the GST Council will result in an unprecedented 400% - 500% increase in GST burden, which the industry will have no choice but to pass on to 400 million Indians. This will impede the growth potential of the industry and disproportionately impact the survival of a large number of MSMEs and startups.  

3. Impact on Jobs and Livelihoods: The industry employs around 1 lakh people through engineering, marketing, design, and research jobs among others. Additionally, it also supports lakhs of content creators, game streamers who belong to Tier 2 to Tier 5 cities. The growth projections of the industry envisage more than 5 lakh new jobs over the next 5 years. Any negative impact on the industry will lead to companies making cuts in their spending, a majority of which goes towards employing the Indian youth, thereby resulting in significant job losses.  

4. Impact on Consumer Affordability: The proposed recommendation will increase the cost of each game, significantly, for the users. The user, who is already required to pay 30% income tax on winnings, will be unable to bear such a large increase in cost and will shift to black market operators to avoid the increase in playing costs and reduction in the winning pool. This will result in the proliferation of the underground black economy and numerous criminal activities.  

5. Offshore Gambling Sites to be the Unintended Beneficiaries: The biggest beneficiary of such a change in the tax regime will be black market operators including illegal offshore gambling websites and nefarious unscrupulous elements. This will result in substantial tax loss to the government and will expose Indian gamers to harmful offshore gambling websites, which are not accountable to the Government of India.  

6. Stifling Foreign Investment and Global Competitiveness: Minister of Electronics and Information Technology’s (MeitY) decision to amend the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules to bring in online gaming intermediaries within its ambit was received extremely positively and would have resulted in significant FDI inflows. However, the imposition of GST on full value would debilitate potential investors, both domestic and foreign, from considering the online gaming sector in India as a viable investment destination. It may be noted that the impact will not only be on attracting fresh capital in gaming but would have a far wider impact on the Indian startup ecosystem as a whole, as the majority of these financial institutions invest across sectors and a favourable regulatory landscape is one of the single most important drivers for FDIs. In addition, the current $2.5 billion plus in investments is at stake basis this decision.  

7. Losing Opportunity to become a Global Gaming Leader and Impact on Exports: India currently has only 1% of the global gaming market share while USA and China have 23% and 26% market share, respectively. However, over the last 5 years, with over 8 billion mobile game downloads annually, India is clocking the highest number of game downloads globally. US and Brazil are a distant second and third with 5 billion downloads each. This is an extremely unique opportunity where India is ahead of every country by a great distance and can emerge as the hottest global gaming powerhouse. By imposing a fatal GST rate, India would lose such a rare and remarkable opportunity of becoming a global gaming leader.  

8. Long Term Net Revenue Loss for the Exchequer: An increase in indirect taxes via GST by 400% - 500% will result in the permanent eradication of profits in the Indian online gaming industry, thereby reducing taxes sharply, leading to a long-term unintended consequence of revenue loss for the exchequer.  

Sir, currently, the industry is paying 18% GST on GGR/ Platform Fee. An increase of GST to 28% on GGR/Platform fee will result in a 55% increase in GST quantum. Even though such an increase will be challenging for the industry, the industry supports this increase to be a contributor to nation-building.  

However, for the sector to survive, this tax should be levied on the platform fee/Gross Gaming Revenue that is earned by the industry. This is similar to any other technology service platform, where only the revenue that platforms earn are considered for the purpose of levy of GST. The industry stands in unison to request a viable and progressive GST regime and appeals for reconsideration of the current recommendation.  

A predictable, stable, regulatory framework and supportive taxation policies will allow the industry to compete on the world stage. This will also provide confidence to the investors and entrepreneurs who want to ‘Create in India’ and take ‘Made in India’ games to the world and usher in a vibrant democratised game development ecosystem.  

We sincerely hope that the above request is considered positively in the interest of protecting India’s nascent and high growth potential online skill gaming industry.  

We would be grateful for an opportunity to discuss this representation in detail with your good offices at the earliest and submit any additional information in this regard.  

Tata Motors Launches High-Performance, Technologically Advanced Range Of Gensets

* Equipped with reliable Tata Motors engines, the generators are available in 25kVA to 125kVA configurations

Tata Motors, India’s leading automobile company, has launched the new-generation, cutting edge range of gensets in India. Backed by the reliable and technologically advanced CPCB IV+ (Central Pollution Control Board IV+) compliant Tata Motors engines, the high-performance gensets are available in 25kVA to 125kVA configurations. The new range of Tata Motors Gensets are more fuel efficient and come with strong block loading capability, which  provides lower operating costs and uninterrupted power delivery for businesses. Designed, developed and tested at Tata Motors' top-notch R&D facility, Tata Motors engines that power these gensets are perfectly suited for diverse applications.

Key features – Tata Motors Gensets

* Fuel efficient 

* Block loading capability

* Lower operating costs for customers

* Power delivery for continuous operations

* Available for diverse applications 

* Unwavering customer support

Commenting on the launch, Mr. R Ramakrishnan, Senior Vice President, Spares and Non Vehicular Business – Commercial Vehicles, Tata Motors, said, “We are delighted to introduce top-of-the-line Tata Motors Gensets to the Indian market. These advanced Gensets further strengthen our commitment to empower India’s industries, infrastructure and progress. The state-of-the-art gensets deliver an enhanced performance, are more fuel-efficient and come with a strong block loading capability that ensures lower operating costs and uninterrupted power delivery for businesses. I am confident that the advanced range of new gensets, backed by a strong pan India customer support, will be beneficial for all business.”

The new range of Tata Motors Gensets are powered by  greener, cleaner families of Tata Motors engines which are more fuel efficient and compact. The gensets are designed and developed to offer peace-of-mind to the customers and cater to diverse industries that include medium and small enterprises, real estate, healthcare, hospitality, telecom, rental application, offices and warehouses, among others.

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 42 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fuelled by state-of-the-art design and R&D centres located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, Latin America, South East Asia and SAARC countries. As of March 31, 2023, Tata Motors’ operations inter alia includes 88 consolidated subsidiaries, 2 joint operations, 3 joint ventures and numerous equity-accounted associates, including their subsidiaries, in respect of which the company exercises significant influence.