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Tata Motors to hive off passenger vehicle business into separate subsidiary

Updated : March 27, 2020 03:35 PM IST

However, certain shared services and central functions will be retained at TML to deliver cost efficiencies for the entire group.
This decision is a first step in the company's plans to secure mutually beneficial strategic alliances for the domestic PV business and help secure its long-term viability.
Tata Motors to hive off passenger vehicle business into separate subsidiary

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