Tata Motors’ decision to switch to quarterly reporting of sales data from the industry practice of doing it on a monthly basis has not gone down well with the company’s investors and proxy advisory firms.
They argued this dilutes the disclosure norms and hides critical information about the company from shareholders and analysts which can have a major impact on the company’s stock movement.
Listed automobile manufacturers in India follow the practice of monthly disclosure of volumes.“If the rest of the companies can do it, why Tata Motors can’t? This makes it seem like they have something to hide,” said