Tata Motors eyeing zero debt levels in the next 3 years

After Reliance Industries Limited, Indian automobile giant Tata Motors has set a target to become debt-free in the next 3 years. "We have set a target that Tata Motors group will significantly bring down the debt and come to near-zero debt levels in the next 3 years. Overall investments of the group have reduced by 50% during this fiscal, and we will continue to manage this tightly going forward," Chairman N Chandrasekaran said.