the company has been ebitda negative and the overhead costs were higher than gross profit of the company beside this there was substantial increase in working capital requirements leading to 16 increase in interest costs from rs 4738 crore to rs 5495 crore the debt of concorde stood at rs 582 crore at end of fy19 out of which rs 337 crore is secured and the remaining is unsecuredthe cumulative losses of the company have been rs 393 crore between fy15 and fy19 according to data compiled by etig from concorde annual report of fy19the exit from the company would mean existing dealers can get a bigger pie of the market which was earlier being shared by the company owned outlets this may boost dealer viability post closure the revenues wont have an impact on companys financials however the absolute losses of concorde wont reflect on tata motors standalone business and thereby it will boost the bottomline say people in the know read alsotata motors two group finance firms accused of antitrust violations in indiatata motors board approves plan to raise rs 500 crore through ncd issue by ketan thakkar ashutosh r shyam et bureau published on feb 29 2020 at 0750 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app tata motors concorde motors auto retail business jardine motors tata concorde homenewsaftermarkettata motors to wind up auto retail business concorde