The demerger is subject to shareholders and regulatory approvals, and the automaker expects to complete it within the next 12-15 months. The positive outlook on Tata Motors reflects Moody’s view that the upgrade momentum on its ratings should continue with or without the proposed demerger. The rating agency expects all of the company’s businesses to continue to deliver on their strategic growth priorities, while maintaining a balanced financial policy that focuses on achieving net-zero automotive debt by March 2025.
| Subscribe To Our Free Newsletter |
