Tata Motors CEO Guenter Butschek declined to comment on Tata AutoComp, but said that the Tata Motors group plans to sell units that do not make sense to its overall business. Photo: Abhijit Bhatlekar/MintMumbai: Tata group is planning to sell its automotive parts manufacturing company Tata AutoComp Systems Ltd (TACO), two people aware of the matter said. Tata Motors managing director and CEO Guenter Butschek declined to comment on Tata AutoComp, but said that the Tata Motors group plans to sell units that do not make sense to its overall business, he said. Out of this, passenger vehicles (passenger cars, utility vehicles and vans) contribute 49% while two wheelers (scooters, motorcycles and mopeds) contribute 22%. Under Chandrasekaran, the Tata group is making partial and complete exits from various non-core businesses.

Source: Mint February 21, 2018 19:18 UTC