ICYMI | You heard it first at Moneycontrol last night! 🔥
Weeks after Tata Motors announced a $1bn fund infusion in its #EV business, Ashwin Mohan reports TVS Motor Company is also exploring the PE investor route for its EV biz at
https://moneycontrol.com/news/business/after-tata-motors-tvs-motor-company-also-exploring-pe-investors-route-for-ev-arm-7692431.html
#electricvehicles #TVSMotors #Deals
Weeks after Tata Motors announced a $1bn fund infusion in its #EV business, Ashwin Mohan reports TVS Motor Company is also exploring the PE investor route for its EV biz at
https://moneycontrol.com/news/business/after-tata-motors-tvs-motor-company-also-exploring-pe-investors-route-for-ev-arm-7692431.html
#electricvehicles #TVSMotors #Deals
Moneycontrol
After Tata Motors, TVS Motor Company Also Exploring PE Investors Route For EV Arm
The recent move by TVS Motor Company to create a separate arm for the EV operations comes on the back of the government’s plans to decarbonise the domestic transport sector. The government intends to have EV sales penetration of 30 percent for private cars…
#TVSMotors, one of the largest manufacturers of two- and three-wheeler makers in the world, has inked a MoU with the #TamilNadu govt for an investment of Rs 1,200 crore in future technologies and electric vehicles. 🚗⚡️
KT Jagannathan reports at ⬇️
https://www.moneycontrol.com/news/business/companies/tvs-motor-to-invest-rs-1200-crore-in-future-technologies-and-ev-inks-pact-with-tn-government-7753091.html?utm_source=telegram&utm_medium=social
KT Jagannathan reports at ⬇️
https://www.moneycontrol.com/news/business/companies/tvs-motor-to-invest-rs-1200-crore-in-future-technologies-and-ev-inks-pact-with-tn-government-7753091.html?utm_source=telegram&utm_medium=social
Moneycontrol
TVS Motor To Invest Rs 1,200 Crore In Future Technologies And EV, Inks Pact With TN Government
The TVS Motor investment will be mainly for the design, development and manufacturing of new products and capacity expansion in the EV space.