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Tata Motors Ltd (TML) and TPG Rise Climate have today entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible instruments to secure between 11 % to 15 % stake in this company translating to an equity valuation of up to $9.1 bn. The new company shall leverage all existing...
Hyundai to lead EV Revolution in India with its dedicated BEV Platform E-GMP
Hyundai Motor India Limited (HMIL), country’s first smart mobility solutions provider and largest exporter since inception, today announced the introduction of its dedicated BEV Platform E-GMP (Electric Global Modular Platform) for India. With the introduction of its dedicated BEV platform, the company will take the lead in driving the BEV revolution for Smart Indians. Hyundai IONIQ 5 will be HMI’s first model to be introduced on the E-GMP Platform and bec...
