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Prabhudas Lilladher Report
Tata Motors Ltd. announced setting up of wholly owned subsidiary dedicated to electric vehicles and infusion of Rs 75 billion from TPG Group in an un-incorporated subsidiary.
This is second restructuring post hiving off the India passenger vehicle business, that will help improve focus on both the businesses.
Tata Motors outlined its aggressive stance for EV business with $ 2 billion investment over next five years on product, platform, drive trains, technology charging infra and manufacturing.
It plans to launch 10 EV products by FY26.
Also, the passenger vehicle business with its sports utility vehicle focused approach and new product pipeline is set to gain market share.
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