RATAN TATA SIR : INDIA'S CAR INDUSTRY

RATAN TATA SIR : INDIA'S CAR INDUSTRY | SPEECH

Thank you. It's a great pleasure and a great privilegeto be here this evening. A little overwhelming, if I may say so. And I'm overwhelmed. Let me just say that on all the years in thevarying, varying capacities that I've tried to work in, in India, the most fascinatingperiod of time that I had is in the automotive area. The automobile business is truly an emotiveand tremendously rewarding business. It has more excitement than any other business. I've been involved in. The greatest pleasure I've had is trying todo something that everybody says could not be done. I'll just share perhaps, perhaps a, a momentin time, which I will always cherish. I decided that India could produce its owncar.

Everybody my friends overseas in the automobilebusiness said that this couldn't be done.

We had to go through collaboration to getknow how to get technology that we undertake to produce this car. You saw images of it in the video was calledthe IndyCar and we produced it in India, totally of Indian content. as we as we got close to putting in the marketmy friends in India somewhat distanced themselves from me, otherwise known as distancing yourselffrom failure. And when the car came out I suddenly feltthat I didn't have a friend in the world and all the warnings that people had given mewere probably going to come true. But the car did come out. It did earn a 20% market share. And we showed that we could do something throughoutthroughout the time I've been involved in business, there hasn't been anything thathas equaled the excitement, the reward and the exhilaration that the car industry hasprovided and can provide. It gives, as has been said earlier, an opportunityto test new technologies, new building methods. But above all, it has helped in the transformationof the Indian economy, to mobile economy. And a great deal of what has happened in India'shappened right here in Detroit. The world was a great deal to the United Statesfor doing what it did to get the car industry to be taken for granted the rest of the worldas it has over the years. It's a great pleasure to be involved in theindustry, and very humbling recognition to receive the award that's been bestowed today. I owe this to my colleagues in the companywho have transformed this business and I would like to thank the automotive who put togetherthis award and to say how much I cherish, cherish that being included in the Hall ofFame. Thank you so much.

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