Tata Motors Passenger Vehicles Ltd.

Tata Motors, one of the pioneers in Indian automobile industry, has reduced its managerial workforce by up to 1,500 people domestically as part of an organisational restructuring exercise. Further, the company has reported a fall of 16.79% in its net profit at Rs 4,336.43 crore for the quarter ended March 31, 2017 as compared to Rs 5,211.49 crore for the corresponding quarter in the FY16.

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.