Tata Motors restructuring CV business ahead of listing next fiscal

Tata Motors restructuring CV business ahead of listing next fiscal

New Delhi: Tata Motors is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company executive.The move tracks the automaker’s efforts to demerge the passenger and commercial vehicle businesses into two separate entities first … Read more

Holdco to house Tata Motors’ demerged CV, PV businesses

Holdco to house Tata Motors’ demerged CV, PV businesses

Mumbai: Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The boards of these entities will also be refreshed following the creation of the new structure, executives in the know said. Tata … Read more