Tata Motors to invest Rs 15,000 crore in EV business over next 5 years
TPG Rise Cimate's $ 1 billion fund infusion gives broad wings for Tata's EV business to fly. Valued at $ 9.1 billion, it is already more than 7 times the size of the traditional passenger vehicle business unit.
Flush with funds from TPG Rise Climate which has decided to invest a seventh of its $ 7 billion corpus, Tata Motors is planning to invest Rs 15,000 crore over the next 5 years when it said it would launch 10 new products.
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Article :- https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/tata-motors-to-invest-rs-15000-crore-in-ev-business-over-next-5-years/86968817
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