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

01 Apr 2022 CW Team

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

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..