Tata Motors plans to invest about $2 billion over the next four years to roll out 10 electric vehicles, The Times of India reported quoting a top official at the automaker.
The move comes within days of private equity firm TPG Rise Climate laid out plans to pump $1 billion into Tata Motors’ passenger electric vehicles unit at a valuation on around $9 billion.
The company is understood to be considering electrifying some of its existing petrol/diesel products that may include the Altros hatchback and the newly launched Punch mini SUV.
See the full report: The Times of India
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The post Tata Motors To Invest $2bn To Electrify EV Business: ToI appeared first on Asia Financial.
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