latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/tata-motors-to-spin-off-passenger-vehicles-business-into-separate-unit-57787833 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Tata Motors to spin off passenger vehicles business into separate unit

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Tata Motors to spin off passenger vehicles business into separate unit

The board of Tata Motors Ltd. approved a plan to spin off the Indian automaker's passenger vehicle business, including electric vehicles, into a separate subsidiary through a scheme of arrangement.

The business' relevant assets, IPs and employees will transfer, but Tata Motors will retain certain shared services and central functions to deliver cost efficiencies across the group.

The scheme of arrangement will be subject to board approval over the next few weeks, while implementation will be subject to approval by shareholders, creditors and regulators. The transfer process is expected to be completed in one year.

Additionally, Shailesh Chandra was appointed president of the passenger vehicle business, including electric vehicles, effective April 1. Chandra, currently president of electric vehicles and corporate strategy, will succeed Mayank Pareek, who will retire from the company at the end of February 2021.