Tata Motors' Balance Sheet Strength To Offset Demerger, Acquisition Risks: Sp Global Ratings

109 days   👁 241
motoring tata motors balance sheet strength to offset demerger acquisition risks sp global ratings

Tata Motors' financial stability is expected to mitigate the effects of its commercial vehicle business separation and the planned acquisition of Iveco. S P Global Ratings believes the Iveco purchase will strategically expand Tata Motors' reach. The passenger vehicle division will be housed under Tata Motors Passenger Vehicles Ltd.