Working Capital is regarded as lifeblood of a business. A study of working capital is of major importance to internal and external analysis because of its close relationship with the day-to-day operations of a business. The inadequacy or mismanagement of working capital is the leading cause of business failures. The goal of working capital management is to ensure that the firm is able to continue its operation ad that it has sufficient cash flow to satisfy both maturing short term debt and upcoming operational expenses. The major objective of this study is to understand the working capital management of Tata Motors and to suggest remedial measures to overcome the shortfalls if any. This was done through exploratory research method using the analysis of annual reports of the company.