Press "Enter" to skip to content

Tata Motors – Electric Vehicle Stake Sale Unlocks Value; Indicative Of Potential: ICICI Direct – BloombergQuint

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Tata Motors Ltd. has raised $1 billion (~Rs 7,500 crore) via 11-15% stake sale (exact quantum dependent upon meeting of revenue thresholds) in its India electric vehicle business (EVCo) to TPG Rise (TPG Rise Climate Fund; ADQ is co investor).

The implied valuation of EVCo is pegged at $6.7 – 9.1 billion.

Tata Motors’ EVCo will invest more than $2 billion (i.e. more than Rs 16,000 crore) over the next five years in products, platforms, drive trains, dedicated electric vehicle manufacturing, charging infrastructure and advanced technologies.

Committed to 10 electric vehicles by FY26.

Click on the attachment to read the full report:


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.