Tata Motors board okays to incorporate new wholly-owned unit

Tata Motors board okays to incorporate new wholly-owned unit

Tata Motors on Tuesday said its board has approved to set up a wholly-owned subsidiary to house commercial vehicles business. The company has proposed the name of the new unit as TML Commercial Vehicles Ltd (TMLCVL). The entity is proposed to be a wholly-owned subsidiary of the company, Tata Motors said in a regulatory filing. … Read more