These land parcels in the emerging residential areas of Chennai and Bengaluru will act as the seed assets for the platform that has been set up recently with focus on plotted and low-rise development in the property markets in South India.
Former defence secretary Vijay Singh and TVS Group chairman Srinivasan had been appointed vice chairmen in 2018 as part of the trusts corporate governance and succession planning exercise. The Tata Trusts did not comment.
Domestic electric two-wheeler industry will continue to grow at a robust pace with active policy support from central and state governments while also emerging as a major hub for exports, according to TVS Motor Company.
An investment entity believed to be associated with Hero Group’s Munjal family has teamed up with a firm associated with the Bajaj family to acquire ..