Tata Motors emerges as key battle in biggest Indian proxy fight
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Mumbai
TATA Motors Ltd, the US$22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India's biggest conglomerate.
Tata Group is facing opposition to its plan to remove Cyrus Mistry from the automaker's board after Glass Lewis & Co and Institutional Shareholder Services Inc recommended investors vote against the move.
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