SAN FRANCISCO, June 22 message, Tata Group's Tata Motors Parts System Co., Ltd. (Tata AutoComp Systems) plans an IPO in July this year to expand business, reduce debt. The IPO is expected to raise 75 billion rupees ($ 169.3 million).

Tata Motors component system, RS Thakur, CEO, said the initial stock sale to other companies to follow the Tata Group, the IPO moves in the open market, these companies, including Tata Motors, Tata's son, Tata Industries, Tata Capital. Tata Motors component system will help the group to raise 3.5 billion rubles ($ 79 million) funds. After the IPO, Tata Group, Tata Motors will have a 60 percent stake in the system components.

Analysts said that the current stock market turmoil could affect share prices. Brics Securities analyst, said the card, Tata's IPO timing is not good, because most cars and auto parts company's stock prices are low.