Tata Motors believes the second wave of the COVID-19 pandemic, and the subsequent lockdown enforced in various parts of the country, would adversely impact vehicle demand temporarily.
To mitigate damages, the company has set in motion a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers.
The company said in a release that it is carefully calibrating and matching supplies with retail demand, and will ensure that optimal levels of inventory are maintained with dealers to meet whatever customer demands arise. The BAP will ensure that the company and its partners are prepared for a rebound in demand once the situation returns to normalcy.
Tata Motors will also continue to review and plan for the critical raw materials to cater to this volatile demand outlook and work closely with its vendor partners to meet the same, said the release.
Keeping employee safety foremost, the company has updated standard operating procedures for the prevailing second wave with the focus on expediting vaccinations, providing support to affected employees and their family members.
The company said it believes this approach best serves the interests of all stakeholders by utilising the cash invested in the entire ecosystem in the most optimal manner.