Tata Motors, Maruti Suzuki, and Kotak Mahindra are likely to shift gears in their business strategies, according to a recent article on Investing.com India. The article suggests that these Indian conglomerates are adapting to changing market trends and consumer preferences.
Tata Motors, the parent company of Jaguar and Land Rover, is expected to increase its focus on electric vehicles, autonomous driving, and mobility services. Meanwhile, Maruti Suzuki, India’s largest automaker, is likely to expand its portfolio of electric and hybrid vehicles.
Kotak Mahindra, a leading financial services company, is reportedly planning to diversify its business by entering the wealth management and wealth broking segments. The company is also expected to increase its investments in fintech and digital payment platforms.
The article notes that these changes in business strategies are driven by consumer demand for sustainable and innovative products and services. As the world shifts towards electric vehicles and digital banking, these Indian companies are aiming to stay ahead of the curve by adapting to these trends.