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

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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.

 

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