The Indian carmaker is in-talks with the Tata Consultancy Service (TCS) to sell its automobile and aerospace design unit after they couldn't seal the deal with Warburg Pincus early this year. Tata Motors was to gain Rs. 2300 crore from Warburg in return of 43 per cent stake in the design unit, Tata Technology (Tata Tech). The company is ready to give away the design unit citing a fragile business case as the reason and Tata Motors has held its investments in the unit for the time being.
from NDTV CarAndBike - Reviews https://ift.tt/2zqjCFo
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