Tata Motors Passenger Vehicles Ltd.

Tata Motors, the country’s leading auto major is reportedly planning to take cost cutting measures as the company grapples with mounting losses in its domestic operations due to sluggish economy. The company has temporary freeze large hirings and also the number of suppliers would be reduced. The company is also planning to cutback on investment in subsidiaries. However, the company has allocated Rs 3,000 crore towards product developments this fiscal, and it will stick to the plan.

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.