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Tata Group Plans $1-2 Bn EV IPO In 12-18 Months
The Business Guardian
|February 27, 2024
This move signifies the Tata Group's strategic intent to monetise its investments in the fast-growing Indian EV market
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The Tata Group is eyeing to list its electric vehicle (EV) unit Tata Passenger Electric Mobility Ltd (TPEM) as it aims to monetise its investments in the EV business
As per the report, the Tata group is aiming for a $1-2 billion initial public offering (IPO) of the EV unit and the listing could happen in the next 12–18 months, that is in FY25 or latest by FY26 “if business climate for EVs remains robust and the overall market sentiments is positive”.
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