 "Tata Motors")
Tata Motors credit practices are under attack by former chairman Cyrus Mistry.
Mistry alleged that the auto major and its financing arm, Tata Motors Finance have resorted to lending without ‘adequate risk assessment’ leading to non -performing assets of Rs 4,000 crore.
Mistry alleged that the auto major and its financing arm, Tata Motors Finance have resorted to lending without ‘adequate risk assessment’ leading to non -performing assets of Rs 4,000 crore.
As things stand, Tata Motors, which has been making huge losses in the domestic market, appears to be taking a hit on the bottom line from its aggressive efforts to push more volumes in the market. The company’s allowance for doubtful debt has more than doubled from Rs 622 crore to Rs 1,377 crore in last three years, its latest annual report shows. “The overdue amounts are monitored and the company takes steps to recover the same,” a
