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ramlala
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Ratan tata revange story (Firstpost) 08 Apr 2021, 19:12
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Good one....
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Ratan tata revange story (Firstpost) 09 Apr 2021, 08:42
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Good story!

Tarobaap
Ratan Tata and his team faced "humiliation" when they went to sell the group's fledgling car business to Ford in 1999, but came back to "do a big favour" just nine years later by taking over the American giant's marquee brands Jaguar and Land Rover.

"They told us 'you do not know anything, why did you start the passenger car division at all'. They said they will do us a favour by buying our car division," a Tata Group veteran said, while recalling a meeting of Ratan Tata and other top executives with Ford officials in Detroit in 1999.

Untold story When Ratan Tata took a sweet revenge on Ford for his humiliation in 1999
AFP


The Tata Motors team decided to return to New York the same evening and Ratan Tata, then the group chairman, was sombre throughout the 90-minute flight, said Pravin Kadle, who was part of the team at that time and now heads Tata Capital.

"This was in 1999 and come 2008, the same Ford's JLR was bought by us. Ford chairman Bill Ford thanked Tata, saying 'you are doing us a big favour by buying JLR'," Kadle said, to a thunderous applause at an awards function on Thursday night.

He was speaking, mostly in Marathi, after receiving the YB Chavan National Award 2014 on behalf of Ratan Tata, who is now Chairman Emeritus of the over $100-billion group.

The poor response to its maiden hatchback Indica had driven Tata Motors to sell the car business, within a year of its debut in 1998, to Ford Motor.


"Some people advised chairman Ratan Tata to sell the passenger car division following the poor response it got post launch. Ford officials came down to our headquarters Bombay House and evinced interest in our car business.

"We were called to Detroit for discussions and I accompanied the chairman. For nearly three hours, we discussed the sell-off with Ford officials but were meted out humiliating treatment," said Kadle, who played a major role in the turnaround and growth of Tata Motors.

During his tenure at Tata Motors, Kadle was part of the senior leadership team that managed the cross-border acquisitions like Daewoo of South Korea, Incat Technologies of the UK and eventually of Jaguar-Land Rover of the UK.

Nine years after the 'humiliation', the clock turned a full circle and the salt-to-software conglomerate humbled the mighty Ford -- which was on the verge of bankruptcy after the 2008 global financial meltdown -- by taking over the iconic Jaguar Land-Rover brands for $2.3 billion, Kadle recalled.

Within a few years of the buyout, JLR made a dramatic turnaround and is the mainstay of Tata Motors' finances now. Kadle, who has been with the group for 21 years, said the driving factor for Tata in the Indica project was to launch the country's first indigenously designed car from scratch.

The ambitious car was not a commercial success in first few years and it was suggested to sell the passenger vehicles vertical, Kadle said.

—Firstpost
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Ratan tata revange story (Firstpost) 07 Jul 2021, 06:08
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The home page of your website is one of the most important pages, which is responsible for everything: whether the user stays on the site, whether he likes the website, whether he is interested in the company's offer and the company itself. On the main page is a huge responsibility. It determines the first impression of the entire site and the user's desire to stay on it or leave.
You will not have a second chance to make or change the first impression a second time. You can not change the visitor to your site that you are, in fact, more serious and promising company than it seems when you look at the home page. Your home page is your opportunity to tell a potential customer who you are, what you offer, how you are better than your competitors and why the visitor should contact you at all. Web designer West Palm Beach will develop the necessary structure, the home page, focusing on the type of site, the company's business and the purpose of the resource.
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Ratan tata revange story (Firstpost) 08 Jul 2021, 03:27
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Though I have read this story before on social media, never took it seriously as there were no credentials mentioned. It's for the first time I've noticed the name of Mr. Kadle and reference to Firstpost.
After having known that it is truly can't hold my goosebumps. It's highly motivating !!!!
Just recalled the lines from the poet Dushyant Kumar,
" Kaun Kehta Hai Aasman Main Suraakh Nahi Hota ; Ek pathar To Tabiyat Se Uchhalo Yaaro !!! "