Tata Motors bags National Award for Excellence in Cost Management

Tata Motors has won the National Award for Excellence in Cost Management for the year 2006, conferred by the Institute of Cost and Works Accountants of India (ICWAI). Tata Motors bagged the first prize in the 'Manufacturing' category in the private sector. A high profile 17-member jury led by the former Chief Justice of India, Mr J S Verma, chose the winners after a comprehensive selection process. The criteria for selection were i) better practices for resource management ii) efficient utilisation of capacity and working capital iii) quality augmentation programme and R&D efforts and iv) precise information on performance.