Speaking on the issue, Tata Group chairman Ratan Tata said, "The story is misleading, is not based on facts, and is out of context… In response to a question whether we are considering expanding Concorde operations, I mentioned that we are not considering such expansion plans, as it would seem to be in conflict with our dealerships. However, to another question on plans to exit from this business, I responded that we are not exiting, nor are we pursuing consciously any such option, but we would be open to consider if there is any proposal for acquiring it in future."

Mr Tata further said that the story incorrectly states that the group was in the process of implementing a decision to exit from Concorde. "I am very pleased at the turnaround in performance that Concorde has achieved in the recent months and its current performance," Mr Tata clarified. "I am sure that… Concorde will show further significant improvements, and establish itself as a provider of high standards of sales and service support in automotive retailing."