Tata Motors to shut Concorde Motors as part of trimming flab

Concorde has registered a loss for five consecutive years, with cumulative losses crossing Rs 366 crore. The winding-up process is in the final stages and it will be completed before fiscal-end. The company had 34 showrooms and 17 workshops with a workforce of 2,200-plus at end of FY19, which are on the last stage of liquidation.

from Auto-Industry-Economic Times https://ift.tt/389HlIY