Directors of Tata Motors appear to have given chairman Cyrus Mistry a vote of confidence, in a move that hit efforts by the Tata group to remove him from all leadership positions at the Indian conglomerateâs operating companies.
Tata Steel and Tata Motors called shareholder meetings last week to vote on the dismissal of Mistry.
Tata Sons ousted Mistry as group chairman last month, but Tata Motors opted not to follow suit, as it released results that fell short of analystsâ expectations.
Although a statement by Tata Motors did not mention Mistry by name, it said that the âmanagement of the company and its subsidiaries have the full confidence and support of the independent directorsâ.
There are six independent non-executive directors on Tata Motorsâ board, plus five others, including Mistry.
Tata Motors reported a sharp fall in profit for the first half of 2016â17, as losses at its Indian car business offset rising earnings at Jaguar Land Rover.


