Private Equity

Other Private Equity/Strategic Investments

Tata Motors explores raising funds for EV biz

Economic Times  

Tata Motors is evaluating opportunities to raise capital from potential strategic partners or investors, including private equity funds and sovereign wealth funds, for its electric vehicle (EV) business as the automaker works towards building a range of affordable electric cars. In March 2020, the Tata Motors board had approved a plan to hive off the passenger vehicle (PV) business, which includes EVs, into a separate subsidiary and seek investors to help the unit secure its long-term viability. Morgan Stanley and JP Morgan are understood to be investment bankers for the proposed plan.