Moneycontrol PRO
you are here: HomeNewsOpinion

The Green Pivot | New EV play can spark faster turnaround for Tata Motors in passenger vehicles

Tata Motors' move to keep the new EV company asset-light is prudent, given that it would dip into all synergies that the parent company can offer 

October 13, 2021 / 12:40 PM IST
The Green Pivot | New EV play can spark faster turnaround for Tata Motors in passenger vehicles

EV charging | Representative image

In a first of its kind deal by any Indian auto maker, Tata Motors Ltd (TaMo) has roped in big money to back its aspirations in electric mobility. TPG Rise Climate that invests in companies enabling carbon reduction, along with its co-investor ADQ, will invest a billion dollars (Rs 7,500 crore) in TaMo’s electric vehicle (EV) subsidiary. The deal will be the first big investment by a financial investor that spells confidence in homebred companies’ ability to compete in the...

  • PRO Panorama

    Moneycontrol Pro Panorama | A billion vaccine shots done, but the Street's not in a celebratory mood

    Oct 21, 2021 / 04:21 PM IST

    In today’s edition of Moneycontrol Pro Panorama: The race to 100 crore doses, why cement makers are well placed, IRCTC stock turns wobbly, crypto gets the better of gold, the missing piece in India’s solar play and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers