Indian automaker Tata Motors Ltd said on Friday it would spin out its passenger vehicles business into a separate unit within the company, as a coronavirus pandemic disrupts production and demand for cars.
FILE PHOTO: Tata Motors logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai February 14, 2013. REUTERS/Vivek Prakash/File PhotoBENGALURU: Indian automaker Tata Motors Ltd said on Friday it would spin out its passenger vehicles business into a separate unit within the company, as a coronavirus pandemic disrupts production and demand for cars.
The decision was the company's first step to secure"mutually beneficial strategic alliances" for the domestic passenger vehicles business, the company said in a statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e6fec40-f0f7-4000-9d8f-15ab0b582fb2.pdf.
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