Thursday, November 14, 2024

Tata clarifies on creating holding company to park Tata Motors' demerged businesses

Tata Motors clarified that its demerger into separate passenger and commercial vehicle businesses will not involve creating a holding company, as previously reported. The company emphasized that the demerger process, already underway and approved by the NCLT, involves dividing the company into two listed entities, ensuring focused strategies and enhanced agility for each business.

from Auto-Industry-Economic Times https://ift.tt/vEPl02j

No comments:

Post a Comment

Maruti's premium play turns 10: Did it truly build a brand or just a better showroom?

Ten years after its launch, Maruti Suzuki's Nexa is at an inflection point, preparing for Nexa 2.0 to re-engage aspirational buyers. Des...