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India: Tata may sell 24% stake in JV with Cummins

According to local press reports, Tata Motors may be planning to sell part of its shareholding in Jamshedpur, India-based Tata Cummins, a 50:50 diesel engine joint venture company, as part of an ongoing debt-reduction strategy. The Economic Times, citing unnamed sources said to be familiar with the development, reports that Tata Subscribe to Automotive World … Continued

According to local press reports, Tata Motors may be planning to sell part of its shareholding in Jamshedpur, India-based Tata Cummins, a 50:50 diesel engine joint venture company, as part of an ongoing debt-reduction strategy.

The Economic Times, citing unnamed sources said to be familiar with the development, reports that Tata

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