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Cyrus Mistry Fired, Because He Failed To Launch New Model Of Indica
Tata Indica is a supermini car produced by Tata Motors (who are a part of Tata Group, which is a multinational conglomerate holding company, headquartered in India). The Indica is India’s first indigenously developed passenger car in 1998 and was unveiled by Ratan Tata (ex, now interim, chairman of Tata Group).
During his time as CEO, during his time as the Chairman had launched models after models of the Indica. In fact Tata always reinvented the Indica rather than producing new passenger cars. Indica, Indica V1, Indica V2, Indica Vista, Indica V3, Vista V3 etc are few of the models which come to mind. However, things changed when Cyrus Mistry was elected as the new CEO of Tata Group. He did not bother upgrading the Indica line-up which has been the status symbol for the Tatas since years. Instead, he turned a blind-eye towards the company’s rich heritage of remaking the Indica and that is why the board decided to bring back the experienced ex-chairman Ratan Tata on board.
Rumours are surfacing that Ratan Tata’s first big project is to design a new and exciting model of the Indica, which will help regain market value for Tata Motors and get their customer’s excited once again.
For now, it is ‘Tata’ for Cyrus Mistry!