News Formal

India's Tata Motors in talks to raise $1 billion via stake sale in EV business - Report

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

BENGALURU :Indian carmaker Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources.The company plans to sell a significant minority stake, the news

BENGALURU :Indian carmaker Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric vehicle business, Economic Times reported on Thursday, citing sources.

Earlier this week, Uber Technologies said it plans to introduce 25,000 EVs over three years in India and will buy vehicles from Tata Motors, India's biggest electric carmaker.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Formula One launch F1 TV in India, target 'strong mobile market'India's 'very strong mobile market' is one of the main factors behind Formula One launching its TV streaming product F1 TV in the country, the sport's director of media rights Ian Holmes told Reuters.Formula One has enjoyed increasing popularity in India, with the country hosting Formula One races at the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »