Tata Motors Passenger Vehicles Ltd.

Tata Motors has no plan to sell majority/strategic stake in Tata Technologies (TTL), the auto designer arm of the company, as it considers the Pune-based firm as strategically important for its business. Tata Motors along with its subsidiary holds 72.32 percent stake in TTL and 15.47 percent stake is held by rest of the Tata Group.

The homegrown auto major was responding to reports that it along with Tata group's private equity fund Tata Capital were looking to sell their 90% stake in TTL.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.