Rate this post

Tata Motors Stake Sale 

Tata Motors, India’s leading electric carmaker, is in talks with big-name investors to raise up to $1 billion through the sale of a significant minority stake in its electric vehicle business. According to sources, the company is targeting a valuation of around $10.5 billion.

Stakeholders in the Tata Motors EV deal

Excitingly, the investors interested in the stake sale include some of the world’s biggest names in private equity and sovereign wealth funds, such as KKR, General Atlantic, Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, Public Investment Fund from Saudi Arabia, and Singapore’s Temasek Holdings.

The rationale behind Tata’s EV deal

Tata Motors reportedly plans to use most of the funds raised to pay off a portion of its outstanding debt, while the rest will be infused as primary equity into the EV business. The automaker has been vocal about its ambitious plans to expand its electric car portfolio, introducing new models at higher price points.

The Indian government and Tata

The Indian Government has set a target of 30% electric car sales by 2030, up from the current 1% of total car sales of about 3 million a year. Tata Motors is well-positioned to capitalize on this trend, having raised $1 billion from TPG and ADQ for its EV unit at a $9 billion valuation in 2021.

Tata Motors and Uber India

As if that wasn’t enough, Tata Motors has recently sealed a deal with ride-hailing giant Uber to provide 25,000 electric vehicles over the next three years. With all these exciting developments, it’s clear that Tata Motors is at the forefront of India’s electric car revolution, and investors are eager to be a part of this trend.

Read More:- Tata Motors Signs MoU With Uber India to Deliver 25,000 Units of Xpres-T EV

Avatar
Varnika is an aware and proud citizen of India. She is working towards nation-building and sustainability. Therefore, she has decided to enjoy the advanced business of Electric Vehicles. She is headed to get the news out of cutting-edge versatility, completely mindful that solitary EVs are inevitable in India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here