Tata Motors CV clarifies Indonesia order remains intact. The company filed an exchange notice addressing media reports suggesting Indonesia had put its largest vehicle order on hold. Tata Motors CV confirmed the 70,000-vehicle supply agreement with PT Tata Motors Distribusi Indonesia is programme-driven with advances already received. The company stated that Indonesian media coverage relates to domestic policy discussions on imports and local manufacturing, not demand concerns or execution risks. Tata Motors CV reiterated it intends to begin supplies soon and complete deliveries in a phased manner as committed. The clarification comes as investor concerns mounted following speculation about potential policy shifts in Indonesia aimed at promoting local manufacturing. The company emphasized the order has no material impact concerns and execution remains on track.
