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THE COMPANY WILL ACHIEVE THIS BY DEVELOPING AND MARKETING RELEVANT PRODUCTS, ON ITS EXISTING PLATFORMS AND NEW ONES, WHICH DELIGHT CONSUMERS IN EVERY MARKET THEY ARE INTRODUCED IN.
The targets of TATA Motors are based on the five parameters of material sustainability: Energy & Climate Change Material &Waste Management Health & Safety Sustainable Innovation Social Responsibility Examples of some targets set by TATA Motors recently: Zero Accident Plan Painting the planet green Around 10 to 12 percent growth 1,600 units of its premium sports utility vehicle (SUV) Freelander 2 in India
But the fact that still remains is that TATA Motors, in the recent years, has failed on quite a few numbers of occasions to fill their targets!!
The problem that lies with determining product standard : Because of operating in a an extremely dynamic scenario which is competitive to the point of being extreme product standard is also dynamic in nature and requires standardising quality of every single one of 14000 parts generally used in one car!!
Safety Standards: OHSAS 18001 ISO 14001 IMS 18001/14001/9001 HSG 65 STANDARD Corporate Governance Standards: Internationally accepted progressive practices CSR Standard: The areas that we focus on are enhancing employability, conserving the environment, promoting healthcare and imparting education
Accounting Standards: As mentioned in Sec 211(3C) of Companies Act 1956 Standard 17 on segment reporting(Companies Rule 2006) Investments in associates accounted on equity method in accordance with AS 23 Jointly controlled entities accounted as per AS 27 Financial statements has been made as per AS 21(consolidated financial statements)