Tatas In Talks To Buy Battery Biz In EV Push
Hindustan Times Delhi|November 29, 2021
Tata Chemicals Ltd is in talks to buy the battery materials business of London-based Johnson Matthey in a deal that can provide an edge to the Tata group in the fast-growing electric vehicle market, two people with direct knowledge of the plan said.
Anirudh Laskar

MUMBAI:

The Tata group company is one of the frontrunners in the race to buy this key business from Johnson Matthey, the people said, requesting anonymity. A deal could be struck at a valuation of $500-700 million, they added.

“Johnson Matthey's battery materials and solutions have been accepted globally for many decades, especially in geographies where Tata Motors operates, one of the two people said.

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