Tata Motors (TML) and TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, will invest in a subsidiary of Tata Motors which will be newly incorporated.

TPG Rise Climate along with co-investors will invest INR7,500 crore in compulsory convertible instruments to secure between an 11% to 15% stake in this company translating to an equity valuation of up to $9.1 bn.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The new company will leverage all existing investments and capability of Tata Motors and will channel future investments into electric vehicles, dedicated BEV platforms, advanced automotive technology and aid investments in charging infrastructure and battery technologies.

Over the next five years, this company will create a range of 10 EVs and, in association with Tata Power, assist with the creation of a widespread charging infrastructure to facilitate rapid EV adoption in India.

It is expected that the first round of capital infusion will be completed by 22 March and the entire funding will be in place by the end of 2022.

The transaction is subject to the usual conditions and regulatory approvals.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now