Tata Motors Aims for Zero Debt in Next Three Years


Tata Motors chairman N Chandrasekaran told shareholders that the firm is aiming near-zero debt in the next three years at the Virtual General Meeting (AGM). “The TML group currently has a net automotive debt of Rs 48,000 crore and is deleveraging the business substantially. The target is to bring it to near zero debt level in the next three levels,” he said.

“The company has already taken steps towards it. This includes making the company free cash flow positive by FY22,” Chandrasekaran added. The Tata Motors saw a sudden spike and climbed up to 5% on August 25. The company is also aiming to unlock new non-core investments for Tata Motors.

Also, the management said that its premium business segment JLR would be cash positive from now as the ongoing trade conflicts have impacted sales all over the world.

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