Tata seeks support for Mistry
11 Aug 2012 9:15 AM IST
Tata Group chairman Ratan Tata on Friday sought support of Tata Motors’ shareholders for Cyrus Mistry, who will succeed him to head the $100-billion conglomerate in December.
‘Cyrus Mistry has all the qualities and values to take the Tata Group in the direction that it has continued in all these years,’ Tata told the annual general meeting of its flagship company Tata Motors.
Seeking the support and encouragement of the shareholders for Mistry, Tata said, ‘I want you to extend the same sort of support and encouragement that you have given to me all these years, to Mistry as well.’
Tata said, Tata Motors, which is the largest auto company in the country, apart from being the fourth largest commercial vehicle-maker in the world, will have to single-mindedly retain and protect its market position across all segments.
Last year, the board of directors of Tata Sons, the holding company of the well-diversified group, appointed Mistry as the deputy chairman.
‘Cyrus Mistry has all the qualities and values to take the Tata Group in the direction that it has continued in all these years,’ Tata told the annual general meeting of its flagship company Tata Motors.
Seeking the support and encouragement of the shareholders for Mistry, Tata said, ‘I want you to extend the same sort of support and encouragement that you have given to me all these years, to Mistry as well.’
Tata said, Tata Motors, which is the largest auto company in the country, apart from being the fourth largest commercial vehicle-maker in the world, will have to single-mindedly retain and protect its market position across all segments.
Last year, the board of directors of Tata Sons, the holding company of the well-diversified group, appointed Mistry as the deputy chairman.
Next Story
