Tata Motors Passenger Vehicles Ltd.

Tata Motors has sold its shareholding in TAL Manufacturing Solutions (TAL) to TASL at an enterprise value of Rs 625 crore on March 29, 2019, for the Aerospace business and the company has acquired the non-aerospace business from TAL at a value of Rs 10 lakh. The company has availed requisite regulatory and other approvals for the same.

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.