+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?