Tata Motors set to invest $2 billion in EVs after securing $1 billion from TPG and ADQ

Tata Motors recently disclosed an increase in its investments in electric vehicles, which has pushed its stock price upward. Tata Motors’ stock rose almost 20% on Wednesday, reaching its highest threshold since February 2017. Tata Motors stated on Tuesday that TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ had agreed to inject roughly $1 billion to strengthen the company’s EV operations, which would be incorporated into a separate subsidiary. The investment will be disbursed in tranches, over … Continue reading Tata Motors set to invest $2 billion in EVs after securing $1 billion from TPG and ADQ