Home >companies >people >Tata Motors vice-chairman Ravi Kant retires

Mumbai: Ravi Kant, non-executive vice-chairman at Tata Motors Ltd, retired on 31 May on attaining the age of 70, according to the company’s retirement policy. He was earlier the managing director from 29 July, 2005 to 1 June, 2009.

Besides playing a critical role in Tata Motors’ domestic operations, Kant is credited with turning around what is today the jewel in the Tata Motors group—Jaguar Land Rover Automotive Plc. With the domestic operations remaining under pressure and incurring losses for the last few quarters, the UK unit now accounts for all of its profits.

“On behalf of the board and Tata Motors I would like to thank Ravi for his valuable contribution in the growth and development of the company. I wish him all the best for the future," said Cyrus P. Mistry, chairman, Tata Sons and Tata Motors, in a statement.

Those who worked with him remember Kant for his ability to turn around operations. In 2001, when Tata Motors incurred a loss of Rs500 crore, Kant led efforts to cut costs.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

Close
×
My Reads Logout