Looking at making an electric car

To enter into defence equipment production

DAUNTING YEAR: Tata Motors Chairman Ratan Tata addressing shareholders at the company's annual meeting in Mumbai on Thursday.

MUMBAI: The current fiscal is going to be a difficult year with policy uncertainties, fuel price rise, increasing costs and inflation, Tata Motors Chairman Ratan Tata said here on Thursday. "It will be a difficult year and a daunting year but it is not necessary that it will be a bad year,' he said, addressing the shareholders at the company's 63rd annual general meeting.