Read More>> Tata Motors is open to divesting stake in its financing arm, Tata Motors FinanceNSE 0.24 %, which is expected to have Rs 50,000 crore of assets under management by 2020, according to company officials.
The auto major, however, intends to keep control in Tata Motors Finance Ltd (TMFL), an entity which it expects to play a key role in its future growth even as it sells a stake in other businesses or winds up some operations abroad as part of a restructuring exercise.