Tata Group to Bring IPO for EV.

On 31st January 2023, Tata Motors received a whopping investment of ₹7,500 crore from the TPG Rise Climate (America-based) investment group as a key investor.

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According to reports from Hindu Business Line, the IPO size of Tata Passenger Electric Mobility (TPEML), a Tata Motors subsidiary, could range between $1-2 billion.

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This investment aims to introduce 10 new electric vehicle models while laying the groundwork for a dedicated Battery Electric Vehicle (BEV) architecture.

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What will this IPO Bring for Tata Group?

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Despite a two-decade gap since TCS’s listing, Tata Technologies’ IPO witnessed a remarkable demand, surpassing shares on offer by 69 times.

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With a legacy spanning 155 years and a diverse portfolio of over 20 listed companies, Tata Group continues to reinforce its market presence. Surpassing the Rs 30 lakh crore market cap value, Tata Group stands as a stalwart in the Indian business landscape.

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