-2.60 (-0.77%) Tata Motors, one of the pioneers in Indian automobile industry, is reportedly planning to export some of its unsold stock of older-technology trucks, which has banned by the apex court of India. The country’s top court in March banned the sale of vehicles that run on older Euro III fuel technology from April 1, 2017. Tata Motors has unsold stock of about 15,000 commercial vehicles, while its dealers hold around 3,000 units. Furthermore, the company is likely to convert some of the vehicles to Euro IV technology.
Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.