Tata Motors' balance sheet strength to offset demerger, acquisition risks: S&P Global Ratings

Tata Motors' financial stability is expected to mitigate the effects of its commercial vehicle business separation and the planned acquisition of Iveco. S&P Global Ratings believes the Iveco purchase will strategically expand Tata Motors' reach. The passenger vehicle division will be housed under Tata Motors Passenger Vehicles Ltd.

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