RBI Penalizes Tata Motors Passenger Vehicles Over 2015 FEMA Non-Compliance

The Reserve Bank of India (RBI) has issued a regulatory compounding order penalizing Tata Motors Passenger Vehicles Limited—a key automotive subsidiary of the Tata Group—over historical non-compliance under the Foreign Exchange Management Act (FEMA) framework. The automaker formally disclosed the administrative compounding fee in an official regulatory filing submitted to Indian stock exchanges.

Regulatory Compounding Order and 2015 ODI-FDI Structure