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Liquidity Management at Tata Motors Limited |
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INTRODUCTION |
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The consequences of transitioning to BSIV and weak financials in the fiscal year 2016-17 had a significant impact on the first quarter results of India-based multinational automotive manufacturing company Tata Motors Limited (TML) for the fiscal year 2017-18. This prompted the management to initiate a turnaround during the year.
The board approved the turnaround plan in June 2017 and steps were initiated to improve the sales margins, by reducing costs and optimizing the supply process. A quick response to the situation yielded positive results for the company.
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