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An announcement from Tata Motors Limited ( (IN:TMCV) ) is now available.
Tata Motors has clarified that Indonesian media reports about a hold on vehicle imports relate to domestic policy discussions on imports versus local manufacturing, rather than any demand or execution risk to its Indonesian order. Its subsidiary PT Tata Motors Distribusi Indonesia previously secured an order for 70,000 Yodha and Ultra T.7 vehicles for deployment in Indonesia, and the company says supplies will begin soon with phased deliveries as committed.
In its formal response to stock exchanges, Tata Motors stated that the reported policy debate in Indonesia does not alter the underlying order or advance already received and therefore has no material impact on the company. The clarification aims to address investor concerns and explain that there is no undisclosed information affecting trading, reinforcing management’s view that the Indonesian program remains on track.
More about Tata Motors Limited
Tata Motors Limited, formerly TML Commercial Vehicles Limited, is a major Indian automotive manufacturer with a significant presence in commercial vehicles. Through subsidiaries such as PT Tata Motors Distribusi Indonesia, the company supplies vehicles to international markets, including large deployment programs in Indonesia.
Average Trading Volume: 1,167,991
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