Tata looks to raise $1 billion for EV unit at $7 billion valuation2 min read . Updated: 13 Aug 2021, 01:28 AM IST
Tata Motors is also exploring the possibility of inducting a strategic partner for new product development
MUMBAI : Tata Motors Ltd, India’s largest vehicle maker, is in talks with bulge bracket buyout funds to raise as much as $1 billion for its new electric vehicles (EV) division, valuing the business at nearly $7 billion, two people directly aware of the discussions said.
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