Tata Motors Passenger Vehicles Ltd.

Tata Motors is expecting the process of hiving-off its domestic passenger vehicles (PV) unit to be completed around May-June this year, although it has not yet taken a call on a potential partner for the business. The company will be calling an extraordinary general meeting (EGM) on March 5 to seek approval from shareholders on the same, as per an order of the National Company Law Tribunal (NCLT).

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.