India's Tata Motors sells stake in auto parts unit


MUMBAI, July 30 (Reuters) - Tata Motors , India's top vehicle maker, sold a 24 percent stake in its auto components unit and booked a profit of 1.14 billion ($27 million) rupees on the sale, a senior official said on Wednesday. The profit was included in the other income for the June quarter, chief financial officer C. Ramakrishnan told a news conference after Tata Motors released its quarterly results. He said margins would remain under pressure due to rising input cost. Tata Motors ...

Premium Content (PAID Subscription Required)

"India's Tata Motors sells stake in auto parts unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Feb 23, 2018

Chrysler Pacifica 3.6L V-6 eHybrid – 2018 Award Acceptance

Mike Duhaime, director-electrified propulsion engineering at FCA, accepts Chrysler Pacifica Hybrid award at the 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×