Tata Motors receives first tranche of Rs 3,750 cr TPG investment
Company News

Tata Motors receives first tranche of Rs 3,750 cr TPG investment

Tata Motors announced that it received Rs 3,750 crore from TPG Rise Climate as the first tranche towards the latter's Rs 7,500 crore investment in the electric vehicle (EV) business.

Last October, the firm revealed that TPG Rise Climate, with its co-investor ADQ, would invest Rs 7,500 crore in compulsory convertible instruments to acquire between 11% to 15% stake in its EV business.

For this, Tata Passenger Electric Mobility Limited has been formed as a new subsidiary.

By financial year (FY) 2026, Tata Motors would increase its focus on the EVs sector, including the launch of seven new EVs.

With these launches, Tata Motors expects to generate 20% of its overall PV sales from EVs against 3% now.

Tata Motors Ltd is a multinational automotive manufacturing company in India and a part of the Tata Group.

The firm manufactures trucks, vans, coaches, luxury and sports cars, and construction equipment as well.

Image Source

Also read: Tata Motors plans to invest Rs 15,000 cr in EV market in 5 years

Tata Motors announced that it received Rs 3,750 crore from TPG Rise Climate as the first tranche towards the latter's Rs 7,500 crore investment in the electric vehicle (EV) business. Last October, the firm revealed that TPG Rise Climate, with its co-investor ADQ, would invest Rs 7,500 crore in compulsory convertible instruments to acquire between 11% to 15% stake in its EV business. For this, Tata Passenger Electric Mobility Limited has been formed as a new subsidiary. By financial year (FY) 2026, Tata Motors would increase its focus on the EVs sector, including the launch of seven new EVs. With these launches, Tata Motors expects to generate 20% of its overall PV sales from EVs against 3% now. Tata Motors Ltd is a multinational automotive manufacturing company in India and a part of the Tata Group. The firm manufactures trucks, vans, coaches, luxury and sports cars, and construction equipment as well. Image Source Also read: Tata Motors plans to invest Rs 15,000 cr in EV market in 5 years

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?