Automotive Industry

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Tata Motors in Talks to Buy Sumitomo Swaraj Mazda Stake, ET Says

Bloomberg - Wed Dec 9, 8:36 pm ET

Dec. 9 (Bloomberg) -- India’s Tata Motors Ltd. is in negotiations with Sumitomo Corp. to acquire the Japanese group’s 53.5 percent stake in Chandigarh, India-based Swaraj Mazda Ltd. to expand its holdings in the light commercial vehicles market, the Economic Times of India reported.