The proposed equal JV with a planned investment of around $1 billion will look at manufacturing premium electric vehicles, batteries and also setting
Its entry will be through acquisitions of distressed assets or direct investment.
IPOs & Markets
The joint venture called JT Special Vehicles Pvt. Ltd will work to enhance the performance and appearance of Tata Motors vehicles.
The dealwill help in growing the farm equipment business in Turkey and Europe.
The acquisition is in line with its strategy of expanding globally and fortifying presence in the cooling and emission control segments.
Ratan Tata will take over as Tata Sons interim chairman for 4 months, while a search committee looks for a replacement for Cyrus Mistry
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