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.

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.

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

In the current fiscal year, the company's goal is to achieve electric vehicle sales ranging between 70,000 to 80,000 units, commanding over 70% of the market share. Tata aims to scale up to 1 lakh units by FY25.

What will this IPO Bring for Tata Group?

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

Performance of Tata’s upcoming IPO?

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.

Future Outlook and Market Position of Tata Group IPO.