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Tata Motors - Electric Vehicle Stake Sale Unlocks Value; Indicative Of Potential: ICICI Direct

Tata Motors Ltd. has raised $1 billion (~Rs 7,500 crore) via 11-15% stake sale (exact quantum dependent upon meeting of revenue thresholds) in its India electric vehicle business (EVCo) to TPG Rise (TPG Rise Climate Fund; ADQ is co investor). The implied valuation of EVCo is pegged at $6.7 – 9.1 billion. Tata Motors' EVCo will invest more than $2 billion (i.e. more than Rs 16,000 crore) over the next five years in products, platforms, drive trains, dedicated electric vehicle manufacturing, charging infrastructure and advanced technologies.

Tata Motors triples money in just 1 year, says brokerage firm ICICI Direct

When it comes to Tata Motors, brokerage house ICICI Direct has set a target price of Rs 450 for the next 12 months.

Tata Motors Company Update - Chip Shortage To Limit Near Term Growth At JLR: ICICI Direct

Tata Motors Company Update - Chip Shortage To Limit Near Term Growth At JLR: ICICI Direct Jul 06 2021, 7:44 PM July 06 2021, 7:44 PM July 06 2021, 7:44 PM BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Tesla is in talks with Tata to set up a charging station in the country, with Tata Power shares up 5 5% after discussions | દેશમાં ચાર્જિંગ સ્ટેશન સ્થાપવા માટે ટેસ્લા ટાટા સાથે વાતચીત કરી રહી છે, ચર્ચામાં આવ્યા બાદ ટાટા પાવરના શેર્સ 5 5% વધ્યાં

Tesla is in talks with Tata to set up a charging station in the country, with Tata Power shares up 5 5% after discussions | દેશમાં ચાર્જિંગ સ્ટેશન સ્થાપવા માટે ટેસ્લા ટાટા સાથે વાતચીત કરી રહી છે, ચર્ચામાં આવ્યા બાદ ટાટા પાવરના શેર્સ 5 5% વધ્યાં
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