Is Tata Motors a zero debt company?

Is Tata Motors a zero debt company?

Chandrasekaran said at the last annual general meeting (AGM) that TML would achieve its previously stated target of zero net debt by March 2024. The company has high gross debt of ₹1.49 lakh crore since vehicle financing company, Tata Motors Finance, is its subsidiary. TML’s overall cash on books comes to ₹6,756 crore.

Where is Tata Motors located?

Tata Motors is an Indian automotive manufacturer headquartered in Mumbai, and it is one of the largest automotive manufacturers in the world.

What is the management of Tata Motors?

You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of Tata Motors Ltd….PREMARKET.

Management
N Chandrasekaran	Chairman & Non-Exe.Director
Om Prakash Bhatt	Ind. Non-Executive Director
P B Balaji	Group Chief Financial Officer
Ratan N Tata	Chairman Emeritus

Will Tata Motors become debt free?

Tata Motors reaffirms plan to turn debt-free by FY24 despite negative impact of Covid. Tata Motors Ltd, the country’s largest automaker by revenue, will stick to its plan to turn debt-free by FY24 despite its businesses being adversely impacted by the pandemic, chairman Natarajan Chandrasekaran said on Friday.

How is Tata Motors running in losses?

The automaker has attributed the loss to ongoing semiconductor shortage as well as the rising price of commodities. “The semiconductor shortage is expected to continue through 2022 but is expected to gradually improve as capacity within the supply base increases,” said Tata Motors.

Which Indian companies are debt free?

debt free companies

S.No.	Name	ROE %
1.	P & G Hygiene	69.78
2.	Castrol India	49.60
3.	Life Insurance	48.22
4.	Universus Photo	47.19