Tata Motor's payments to some vendors are getting delayed, showing the tough situations being faced by India's top bus and truck maker, under the impact of global slowdown.

Ravi Kant, the managing director of company, said, "Yes, there is a delay... there would be a delay. I'm telling you we are in a difficult situation... the whole industry are."

However, he declined to disclose the quantum of outstanding dues that may be more than 12 billion rupees ($245 million), according to reports published in media.

Mr. Kant said the stimulus package announced by government would yield results within few months. The company is also taking various measures to mitigate the impact of global slowdown on its business.

The company registered fall of 33 percent in vehicle sales in January due to low demand in automobile sector. It would associate with vendors with strong economic background and greater access to technology in future.

Shares of Tata Motors declined 2.8 percent and closed at Rs 131.50 in the Bombay Stock Exchange.