Tata Motors raises USD1 billion from PE firm TPG, creates a subsidiary for its EV business

Corporate developments

Over the next five years, Tata Motors’ EV unit will create a portfolio of 10 EVs

Indian automaker Tata Motors Ltd and private equity firm TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, would invest about USD1 billion in a subsidiary of Tata Motors that will be newly incorporated, the company announced on 12 October.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload