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Tata Motors lost a sizeable order from cab aggregator firms Ola and Uber as the group’s former Chairman, Cyrus Mistry, and group patriarch Ratan Tata fought a bitter battle. It was India’s largest carmaker Maruti, which finally bagged the order.
According to the National Company Law Tribunal’s (NCLT’s) Mumbai Bench observation dated July 9, Tata asked Mistry to consider a proposal by Ola, which wanted to buy 150,000 cars. The order could have revived the fortunes of Tata Motors, which was facing headwinds as the Nano failed to make a mark in the market.
According to the National Company Law Tribunal’s (NCLT’s) Mumbai Bench observation dated July 9, Tata asked Mistry to consider a proposal by Ola, which wanted to buy 150,000 cars. The order could have revived the fortunes of Tata Motors, which was facing headwinds as the Nano failed to make a mark in the market.
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