Tata’s Big Plan: The Tata group, preparing to compete with Reliance, plans to buy five new consumer brands

Tata Consumer Products Limited, a Tata group company, has made a big plan. Under this, the company has started preparing to buy five new consumer brands. Although the names of these brands have not been shared, it is clear that Tata is now in the mood to give a direct competition to Mukesh Ambani’s Reliance in this area.

According to a report, the company may soon acquire five consumer brands. Through this, the company wants to strengthen its position in the consumer goods sector. The report quoted the company’s CEO Sunil D’Souza as saying that the company sells Tetley Tea and Eight O’Clock Coffee, while it is now seriously looking to tie up with several other companies. The company is working fast on plans to buy these brands.

Let us tell you that Tata Consumer Products was formed in 2020. It has also expanded its portfolio by taking stakes in companies such as bottled water company Norisco Beverages and cereal brand Soulful. The report said that Tata’s new move will be competitive with Reliance and Hindustan Unilever. It said that Reliance may acquire 60 small grocery and household brands in the coming six months to expand its business.

India is reopening after the lifting of restrictions imposed to contain the corona epidemic. In this sequence, the expansion of Starbucks Corp.’s outlets across the country has also been accelerated. In the last financial year, 50 new cafes were added, taking it to 268 stores in 26 cities. D’Souza said that we have a huge runway in front of us in India. Now the game is how fast we move.