• SENSEX
    NIFTY 50
Auto

Tata Motors plans to sell off lending arm, says report

Updated : May 25, 2018 02:52 PM IST

The non-bank lending subsidiary, which focuses on both finance and refinance of vehicles, posted losses in two out of four quarters with non-performing assets reaching 4% in the year ended March 2018, the report said. Bad loans for the concerned arm rose to 26% in 2014.
Tata Motors is planning to invest about $ 6 billion in the next two years, with about $ 5.6 billion on its luxury arm Jaguar Land rover to boost growth.
Tata Motors plans to sell off lending arm, says report

You May Also Like

Live TV

recommended for you

Advertisement