Tata Motors aiming to reduce total automotive debt to 'near-zero levels' in three years
26th Aug 2020

Tata Motors is aiming to reduce its total automotive debt to 'near-zero levels' in three years and generate free cash flows from FY22 onwards. However, the company's management had to face ire from several shareholders on various issues, including non-payment of dividend four years in a row.

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.