• Tata Motors To Inject Rs 7500 Crores Into Its Passenger Electric Vehicle Business

    12 days ago - By Auto Savvy

    , in conjunction with TPG Rise Climate (a firm which pursues climate-related investments), will be investing Rs 7,500 crore, to expand its passenger electric vehicle business. The funds will be raised by TPG Rise Climate and the homegrown carmaker is likely to form a separate entity for its EV business, called TML EVCo, after it has been approved by the Ministry of Corporate Affairs. The humongous capital will be infused into the business over a period of 18 months after the first transaction, which will happen by the end of March 2022. Post the investment of the capital, TPG Rise will be...
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