Guest Lecture – TATA
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20 September 2018 - 10:27, by , in blog, ITM Institute, PGDM, Comments off

Guest lecture tata motors-ITM

As a part of the industry connect Program held at ITM Business School, Kharghar, the students of RMM batch had an opportunity of having an interactive session with Mr.Arvind Bodhankar, chief sustainability officer(CSO), Tata Motors Limited, on the subject of “Sustainability in automobile sector of TATAs” on 28.7.18. Mr Bodhankar has an experience of over 29 years in varied fields like operations, sales, marketing, human resources and currently he is pursuing his PhD from ITM institute under the able guidance of Professor Dr. Sapna Modi, HOD, RMM Department.

The session began with the guest explaining about the term sustainability. In his words, “in very simple terms if we come to think of it then sustainability means – the ability to maintain or to survive, or something that we presently protect, borrow and owe to the future generations to relish later on”. Sustainability works on 3 base principles, namely

  • Social Sustainability: which revolves around the community and its people.
  • Economic Sustainability”: focuses on the monetary benefits or profits and viability of an organization / product.
  • Environmental Sustainability: which talks about the responsibilities towards the nature and the optimal use of its resources – renewable or non-renewable.

In a nutshell, we must abide the mantra of reduce, reuse, recycle because whatever we take from the mother nature, we should replenish it back to maintain the ecological balance of the planet.

These 3 concepts, when combined, forms the Triple Bottom Line.

Moving ahead, there’s another concept called Earth overshoot day which marks the date when we (all of humanity) have used more from nature than our planet can renew in a year.

He further explained about the concept of value creation for sustainability, where he emphasized the importance of working in an integrated environment rather than in silos or isolation, which again becomes the base for the companies or businesses to create value over time.TATA MOTORS believes that to achieve complete sustainability, one needs to find the balance between Financial, Manufacturing, Human, Intellectual, Natural and Social aspects of an organization, as a happy fulfilled employee will perform better than an unfulfilled one.

With a legacy of over 150 years, a net worth of over 3 billion dollars, and the brand image of being the makers of the country’s most dependable vehicles, TATA MOTORS’s sustainability lies at the heart of automotive industry. From improving the environmental performance of vehicle and component manufacture, to the investment in the skills, safety, health of employees, to introducing electric cars, levying costs on carbon emissions, providing employment, right through to the remanufacturing or “second life” of components and the recycling of end-of-life vehicles, TATA MOTORS has done it all .The company follows the philosophy of reduce , reuse and recycle and at the same time believes in adding value to its products , and caters to all segments of the market ,from a Tata Nano to offerings from house of JLR (JAGUAR AND LANDROVER ).

Through this session, the students gained an insight on the relevance of sustainability, and how important is it to be sustainable in our own choice of business or whatever we want to do if we want to survive in the future.

The session concluded with the saying that “what we invest on or do should make an impact on society in the long run i.e., it should have an outcome not only an output “, something which TATA MOTORS has been following since its inception.